SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Tuesday's after-hours session are Oracle Corp., Adobe Systems Inc. and Systemax Inc.
Adobe Systems (ADBE) is expected to report first-quarter earnings of 29 cents a share, according to a survey of analysts by Thomson Financial.
Chaparral Steel Co. (CHAP) is expected to post earnings of $1.23 a share for the third quarter.
Cintas Corp. (CTAS) is expected to report third-quarter earnings of 52 cents a share.
Commercial Metals Co. (CMC) is expected to post earnings of 61 cents a share for the second quarter.
FactSet Research Systems Inc. (FDS) is expected to report second-quarter earnings of 48 cents a share.
Marcus Corp. (MCS) is expected to post earnings of 20 cents a share for the third quarter.
Oracle (ORCL) is expected to report third-quarter earnings of 23 cents a share.
Perry Ellis International (PERY) is expected to post earnings of 68 cents a share for the fourth quarter.
Progress Software Corp. (PRGS) is expected to report first-quarter earnings of 35 cents a share.
Superior Industries International Inc. (SUP) is expected to post a loss of 4 cents a share for the fourth quarter.
After Monday's closing bell, Systemax (SYX) reported that fourth-quarter net earnings more than doubled, rising to $8.03 million, or 22 cents a share, from $3.41 million, or 9 cents a share, in the year-ago period. Revenue at the Port Washington, N.Y.-based seller of computers and accessories rose 11 percent to $648 million from $583 million, while gross margin slipped to 12.9 percent from 14.7 percent in the fourth quarter of 2005. Systemax shares fell 23 percent to $17.95 in after-hours trading.
3D Systems Corp. (TDSC) late Monday said it expects to record fourth-quarter revenue of $42 million to $44 million, but said its complete results will be delayed past Friday's filing deadline. The Rock Hills, S.C., three-dimensional modeling, prototyping and manufacturing company said it was delayed in completing fourth-quarter results while it worked on restating third-quarter results, filed Feb. 2. The company expects fourth-quarter gross profit of $16 million to $17 million and operating expenses of $19 million to $21 million.
Agile Software Corp.'s (AGIL) fiscal third-quarter net loss widened to $5.78 million, or 10 cents a share, from $4.14 million, or 8 cents a share, a year earlier, as operating expenses and cost of revenue rose. Excluding items, the San Jose Internet-based content management software company's earnings rose to $488,000, or a penny a share, from $122,000, or less than a penny a share, a year earlier. Revenue for the quarter ended Jan. 31 fell 1.2 percent to $33.2 million from $32.8 million a year earlier.
Boardwalk Pipeline Partners LP (BWP) said it has priced a public offering of 7.5 million common units representing limited partner interests. Boardwalk said it plans to use the net proceeds of the offering to fund a portion of the cost of its expansion projects and for general partnership purposes.
Constellation Energy Group Inc.'s (CEG) Constellation NewEnergy-Gas Division unit agreed to acquire Cornerstone Energy Inc. The Baltimore natural gas company expects the acquisition to increase the scale of CNE Gas by 29 percent in terms of volume, and said the deal will expand its presence in new and existing markets. Constellation expects Cornerstone's 42 employees, including its founders, to join CNE Gas. Terms of the deal weren't disclosed. Constellation expects the transaction to be completed in May.
Cosi Inc.'s (COSI) fourth-quarter loss narrowed to $4.8 million, or 12 cents a share, from $6.04 million, or 16 cents a share, a year earlier. Excluding items, the company posted a quarterly loss of 10 cents a share. The New York cafe operator said revenue rose 11 percent to $31.8 million from $28.6 million a year earlier. Cosi reaffirmed its 2007 per-share earnings forecast of 8 cents to 12 cents, excluding stock-based compensation, and revenue at company-owned stores of $150 million to $155 million.
Equinix Inc. (EQIX) named Stephen Smith chief executive, effective April 2. Peter Van Camp, Equinix's chairman and chief executive, is moving to the role of executive chairman and will remain actively involved with the company.
Fuel Systems Solutions Inc. (FSYS) initiated a voluntary review of historical stock option grants from 1996 to 2006. The Santa Ana, Calif., holding company formed a special committee of its board, comprised solely of independent directors, to conduct the review.
InterContinentalExchange Inc. (ICE) said it was "pleased" that CBOT Holdings Inc. (BOT) , the parent of the Chicago Board of Trade, has authorized talks with ICE regarding the merger offer it made last week. "We are pleased that the CBOT board has determined that ICE's proposal is or could reasonably be expected to lead to a superior proposal, which enables CBOT to begin discussions and exchange information with us," said ICE Chief Executive Jeffrey Sprecher in a statement. "As we previously said, we are confident we can complete our review and be in a position to execute a definitive agreement within a week."
Movie Gallery Inc. (MOVI) plans to launch its online video rental service in "mid-to-late 2007." The Dothan, Ala., company is extending its movie kiosk program, which operates vending machines at malls, supermarkets and other high-traffic areas by another 200 units. The company said its brick-and-mortar stores will remain the core of its business.
National CineMedia Inc. (NCMI) swung to a fiscal fourth-quarter profit of $700,000 from a year-ago loss of $3 million on higher revenue. Pro forma earnings were $6.9 million, or 16 cents a share. Revenue for the quarter ended Dec. 28 rose to $74.1 million from $44.6 million, driven by the conversion of founding member legacy contracts to
Omnova Solutions Inc.'s (OMN) fiscal first-quarter loss widened to $5.1 million, or 12 cents a share, from $4.3 million, or 10 cents a share, a year earlier, as revenue fell 2.9 percent. The Fairlawn, Ohio, building materials manufacturer's revenue for the quarter ended Feb. 28 dropped to $164.8 million from $169.8 million in the year-ago period.
ProLogis (PLD) said it will offer a $1 billion aggregate principal amount of senior notes due 2037. The Denver distribution-facilities company said an additional $150 million aggregate principal amount of notes may be issued.
Rambus Inc. (RMBS) said the Federal Trade Commission has stayed portions of its remedy order, clarifying that the company isn't restricted from collecting royalties for the use of some of its technologies in the past. In its order, the FTC also said that Rambus isn't required to refund royalties already paid. In early February, the FTC ordered Rambus to license some of its computer memory-chip technology and set maximum royalty rates it can collect for licensing. The memory chip technologies include so-called SDRAM and DDR SDRAM. DRAM chips are widely used in personal computers, servers, printers, and cameras.
Republic Airways Holdings Inc. (RJET) said it has agreed to acquire 2 million of its common shares from WexAir LLC, its former majority shareholder. Under the agreement, the Indianapolis-based carrier will purchase the stock for $20.50 a share, for a total consideration of $41 million.
R.R. Donnelley & Sons Co. (RRD) said that Chief Executive Mark Angelson plans to retire. The Chicago-based provider of print services said it has elected Chief Financial Officer Thomas Quinlan III to succeed as CEO. Quinlan was also named as president and a director of the company. Additionally, R.R. Donnelley said it has appointed John Paloian, currently group president of global print solutions, as chief operating officer.
Tecumseh Products Co. (TECUA) (TECUB) said it will delay reporting its 2006 fourth quarter and annual results because it needs additional time to close its books. The company, which makes components for industrial equipment, previously said it was pursuing a remedy available to it under Brazilian law that would "require its lenders for its Brazilian engine manufacturing facility to abide by the terms of a proposed restructuring agreement."
TeleTech Holdings Inc. (TTEC) said it has filed with the Securities and Exchange Commission to sell 5 million of its common shares. The shares are being offered by TeleTech Chairman and Chief Executive Kenneth Tuchman. The Englewood, Colo.-based business-process outsourcing company said it won't receive any proceeds from the offering. Tuchman has also granted the underwriters an option to acquire an additional 750,000 shares. The offering will reduce Tuchman's holdings in TeleTech to about 46 percent from about 53 percent of TeleTech's outstanding shares of common stock, the company said.
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