SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Tuesday's session are Brown-Forman Corp., Chico's FAS Inc., and ADC Telecommunications.
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Acadia Pharmaceuticals Inc. (ACAD) is expected to report a fourth-quarter loss of 44 cents a share, according to a survey of analysts by Thomson Financial.
Brown-Forman (BFB) is expected to post earnings of 82 cents a share for the third quarter.
Chico's (CHS) is expected to report fourth-quarter earnings of 13 cents a share.
Conseco Inc. (CNO) is expected to post earnings of 37 cents a share for the fourth quarter.
Heelys Inc. (HLYS) is expected to report fourth-quarter earnings of 28 cents a share.
Iconix Brand Group Inc. (ICON) is expected to post earnings of 18 cents a share for the fourth quarter.
Opsware Inc. (OPSW) is expected to report fourth-quarter earnings of 3 cents a share.
Orthofix International NV (OFIX) is expected to post earnings of 40 cents a share for the fourth quarter.
Payless Shoesource Inc. (PSS) is expected to report fourth-quarter earnings of 7 cents a share.
Town Sports International Holdings Inc. (CLUB) is expected to post earnings of 18 cents a share for the fourth quarter.
After Monday's closing bell, ADC Telecommunications (ADCT) reported first-quarter net earnings of $3.6 million, or 3 cents a share. During the same period a year ago, ADC posted a net loss of $1.8 million, or 2 cents a share. Earnings from continuing operations were $9.4 million, or 8 cents a share. A year ago, the loss from continuing operations was $1.3 million, or a penny a share. The provider of communications network infrastructure products and services posted revenue of $297.2 million vs. $272.8 million.
Chartered Semiconductor Manufacturing (CHRT) late Monday backed is first-quarter earnings estimate of about $6 million, on revenue of about $324 million. The Milpitas, Calif., company will release first-quarter results on April 27.
Hedge fund Pirate Capital LLC said late Monday its founder, Thomas Hudson Jr., has resigned from the board of Cornell Cos. (CRN) , a Houston-based provider of correctional services. "I am pleased to say that Cornell is a very different company than when I joined the board almost two years ago," Hudson said in a statement. Hudson said he is resigning form Cornell's board to pursue board efforts at Brink's Co. (BCO) including his intention to seek strategic alternatives "more ardently."
EMC Corp. (EMC) said Vice Chairman Bill Teuber will expand his responsibilities to include leadership of the company's customer operations, its worldwide sales and distribution organization.
Esterline Technologies Corp.'s (ESL) fiscal first-quarter net income rose 52% to $12.8 million, or 49 cents a share, from $8.4 million, or 32 cents a share, a year ago. For the quarter ended Jan. 26, the Bellevue, Wash., defense technology company's net sales rose 25% to $257.2 million from $205.7 million. Esterline is backing its full-year earnings view of $2.45 to $2.60 a share.
Finisar Corp. (FNSR) reported pro forma third-quarter revenue of $107.5 million, up 16% from the year-ago period. The Sunnyvale, Calif.-based optical equipment company said its results were preliminary due to its ongoing review of historical stock options grants.
Google Inc. (GOOG) Chief Executive Eric Schmidt said Monday that Google and Apple Inc. (AAPL) are working together on "many more" new projects, which he did not identify. Schmidt made his comments at a technology conference in San Francisco.
Google has nearly doubled the annual salaries of Chief Financial Officer George Reyes and three other top-level executives, the company said in a regulatory filing.
Immersion Corp. (IMMR) said Anne DeGheest has been appointed to its board, effective March 1.
InterMune Inc. (ITMN) said it has discontinued its Phase III clinical trial evaluating Actimmune in patients with idiopathic pulmonary fibrosis, based upon the recommendation of the study's independent data monitoring committee. In a planned interim analysis that included a total of 115 deaths, the committee found the overall survival result crossed a predefined stopping boundary for lack of benefit of Actimmune relative to placebo. InterMune said there was not a statistically significant difference, among 826 randomized patients, between treatment groups in overall mortality.
Luna Innovations Inc. (LUNA) reported a fourth-quarter net loss of $2.68 million, or 27 cents a share, compared with a net loss of $1.73 million, or 33 cents a share, in the year-ago period. There were 9.88 million shares outstanding in the 2006 fourth quarter, compared with 5.25 in the same quarter last year. Revenue at the Roanoke, Va.-based company rose 51 percent to $8.05 million from $5.34 million. Luna forecast a first-quarter per-share loss of $3.3 million on revenue of $6.9 million.
Maidenform Brands Inc. (MFB) reported fourth-quarter net earnings of $3.22 million, or 13 cents a share. During the same period a year ago, the company posted a net loss of $209,000, or a penny a share. The Bayonne, N.J.-based marketer of intimate apparel reported revenue of $85 million vs. $79.5 million. For 2007, Maidenform said it expects per-share earnings growth of 15 percent to 18 percent on total net sales growth of 6 percent to 7 percent.
McAfee Inc. (MFE) is going to appoint former EMC Corp. executive David DeWalt as its new chief executive, the Wall Street Journal reported Monday. The report, citing unnamed sources, said DeWalt will start in the new position April 2. DeWalt previously served as head of worldwide customer operations at EMC (EMC) , which announced earlier Monday that another executive at the storage company would be assuming DeWalt's duties. George Samenuk, McAfee's last permanent CEO, stepped down in October as the company announced it was reviewing past stock option grant practices and had found instances of improperly granted options.
Medical Staffing Network Holdings Inc. (MRN) reported a fourth-quarter net loss of $24.8 million, or 82 cents a share, compared with a net loss of $292,000, or a penny a share, in the year-ago period. The fourth-quarter 2006 results included a pretax non-cash goodwill impairment charge of $28.6 million. Revenue at the Boca Raton, Fla.-based healthcare staffing company rose to $99.5 million from $97.7 million.
Microchip Technology Inc. (MCHP) said it still expects fiscal fourth-quarter earnings of about 33 cents a share, or 36 cents a share excluding items. The Chandler, Ariz., provider of microcontroller and analog semiconductors also said it expects net sales to be flat to slightly up from third-quarter sales of $251 million. In January, Microchip said it expected fourth-quarter revenue to be flat from the third quarter.
Microsoft Corp. (MSFT) has settled a lawsuit filed against it by French game developer In-Fusio SA related to the development of a mobile phone version of the popular 'Halo' video game, according to a legal filing. Terms of the settlement were not immediately disclosed.
Nissan Motors (NSANY) said it has appointed Mark McNabb to head its global Infiniti luxury car division, effective April 1. McNabb, 45, is returning to Nissan after a one-year stint at DaimlerChrysler where he was vice president of marketing at Mercedes-Benz USA.
ResCare Inc.'s (RSCR) fourth-quarter net income rose sharply to $8.99 million, or 27 cents a share, from $596,000, or 2 cents a share, a year earlier. The Louisville, Ky., healthcare company's revenue grew to $337.1 million from $270.9 million. For 2007, the company expects to earn $1.24 to $1.28 a share on revenue of $1.43 billion.
Ruth's Chris Steak House Inc. (RUTH) , a New Orleans upscale steak house operator, will replace New Century Financial Corp. (NEW) in the S&P SmallCap 600 index March 7. The market cap of the mortgage real estate investment trust fell to about $253 million, below the minimum of $300 million, S&P said.
Santarus Inc.'s (SNTS) fourth-quarter loss narrowed to $7.47 million, or 15 cents a share, from $15.8 million, or 36 cents a share, a year earlier. Earnings for the most recent period included stock-based compensation expenses of about $2.2 million, or 4 cents a share, the company said. The San Diego pharmaceutical company's revenue surged to $20.5 million from $5.68 million a year ago.
Sykes Enterprises Inc. (SYKE) reported fourth-quarter net earnings of $8.14 million, or 20 cents a share, down 5% from $8.6 million, or 22 cents a share, during the year-ago period. The Tampa, Fla.-based provider of customer management products and services posted revenue of $158.6 million vs. $128.8 million.
Xilinx Inc. (XLNX) raised the low end of its fiscal fourth-quarter sales outlook, and now expects sales of flat to down 4%, sequentially. The San Jose logic chip maker had predicted sales to be flat to down 5 percent, sequentially. Xilinx also reiterated its gross margin forecast, which is expected to be about 61 percent.
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