SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Wednesday's session are Deere & Co., Federated Department Stores Inc., and Hewlett-Packard Co.
Arcelor Mittal (MT) is expected to report first-quarter earnings of $1.41 a share, according to a survey of analysts by Thomson Financial.
BEA Systems Inc. (BEAS) is expected to post earnings of 13 cents a share for the third quarter.
Deere & Co. (DE) is expected to report second-quarter earnings of $2.41 a share.
Federated Department Stores (FD) is expected to post earnings of 19 cents a share for the first quarter.
Hewlett-Packard (HPQ) is expected to report second-quarter earnings of 69 cents a share.
Mentor Corp. (MNT) is expected to post earning of 33 cents a share for the fourth quarter.
Napster Inc. (NAPS) is expected to report a fourth-quarter loss of 20 cents a share.
PetSmart Inc. (PETM) is expected to post earnings of 33 cents a share for the first quarter.
Salesforce.com Inc. (CRM) is expected to report first-quarter earnings of 8 cents a share.
Sony Corp. (SNE) is expected to post a loss of 64 cents a share for the fourth quarter.
After Tuesday's closing bell, Applied Materials Inc. (AMAT) said quarterly net income was nearly unchanged from a year ago, while its sales of chip-equipment rose on demand from makers of consumer electronics. See full story.
Also, Oracle Corp. (ORCL) , a company that has spent billions on more than 30 acquisitions in the past three years, said it has agreed to buy Agile Software Corp. (AGIL) for $495 million. See full story.
Barnes & Noble Inc. (BKS) said it has authorized a share repurchase program of up to $400 million. The New York-based book retailer said the new stock buyback authorization is in addition to the $200 million share repurchase program announced in September of 2005, of which roughly $27 million remains.
CommVault Systems Inc.'s (CVLT) fiscal fourth-quarter net income surged to $51.8 million, or $1.16 a share, from $5.54 million, or 13 cents a share, a year earlier. Excluding stock-based compensation expenses and other items, earnings were $6 million, or 14 cents a share. The Oceanport, N.J., provider of storage and data management software said revenue for the quarter ended March 31 increased 32% to $42.6 million from $32.4 million a year ago.
Compuware Corp. (CPWR) reported fiscal fourth-quarter net earnings of $67.5 million, or 21 cents a share, up 20% from $56.4 million, or 15 cents a share, in the year-ago period. The Detroit-based software company said revenue in the three months ended March 31 rose to $313 million from $309.5 million in the comparable period last year.
Dolby Laboratories Inc. (DLB) said it has filed a shelf registration statement for the sale of up to 8 million shares of its Class A common stock by an affiliate of Ray Dolby, the founder, chairman, and, together with certain affiliates, the largest stockholder of Dolby. The selling stockholder has commenced an offering of 7 million shares, and the underwriters have an option to purchase up to 1 million additional shares.
DTS Inc. (DTSI) aid it swung to a first-quarter net loss of $765,000, or 4 cents a share, from a year-ago net profit of $7.01 million, or 38 cents a share. Earnings from continuing operations came in at $2 million, or 11 cents a share, in the first quarter of 2007. The Agoura Hills, Calif.-based digital technology company said revenue in the three months ended March 31 fell to $12.6 million from $20.7 million in the comparable period last year.
Eddie Bauer Holdings Inc.'s (EBHI) first-quarter loss widened to $44.8 million, or $1.47 a share, from $35.6 million, or $1.19 a share, a year earlier. Results included $16.4 million in nonrecurring expenses, including charges from a merger termination and the resignation of its chief executive. The Redmond, Wash., clothing retailer's revenue rose 10% to $214 million from $194.5 million a year earlier.
ESL Investments, a hedge fund run by Edward Lampert, held a big stake in Citigroup Inc. (C) earlier this year, according to a Securities and Exchange Commission filing on Tuesday. ESL owned 10.9 million Citigroup shares worth more than $605 million, the filing said. The stake was filed with the SEC on Feb. 14 but was confidential. That confidentiality expired on Tuesday.
Evergreen Solar Inc. (ESLR) said it has filed with the Securities and Exchange Commission to offer 15 million shares of its common stock. The underwriters will also have a 30-day option to purchase up to 2.25 million additional shares to cover over-allotments, the Marlboro, Mass.-based maker of solar power products said. Lehman Brothers Inc. will act as sole book-running manager of the offering, the company said.
Force Protection Inc. (FRPT) said it swung to a first-quarter net profit of $2.5 million, or 4 cents a share, from a year-ago net loss of $665,633, or 3 cents a share. Revenue in the quarter ended March 31 rose to $100.2 million from $34.8 million last year. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 13 cents on revenue of $112.7 million. Ladson, S.C.-based Force Protection is a maker of armored vehicles.
Kinder Morgan Management LLC (KMR) said late Tuesday it has priced a public offering of 5.7 million shares, representing limited liability company interests. The underwriter, Citi, has been granted an option to purchase up to an additional 855,000 shares to cover any over-allotments. Kinder Morgan is based in Houston.
LSI Corp. (LSI) said it has named Gregorio Reyes as its non-executive chairman, and has expanded its board to 10 members. Reyes, who has served as a director since 2001, succeeds James Keyes, who will remain on the board, the Milpitas, Calif.-based company said. LSI also said that Timothy Chen was elected as a director. Chen is corporate vice president and chief executive of the Greater China Region for Microsoft Corp.
MTR Gaming Group Inc.'s (MNTG) first-quarter net income plunged to $559,000, or 2 cents a share, from $3.35 million, or 12 cents a share, a year earlier. The Chester, W.Va., casino and gaming company said revenue increased 15% to $107.1 million from $93 million a year ago. The revenue boost is largely the result of the opening of the Presque Isle Downs & Casino, which generated gaming revenues of $21.1 million.
Photronics Inc.'s (PLAB) fiscal second-quarter net income rose sharply to $14.1 million, or 30 cents a share, from $5.27 million, or 12 cents a share, a year earlier. The most recent quarter ended April 29 includes a net benefit of $7.9 million, or 16 cents a share, from the resolution and settlement of U.S. and foreign tax liabilities. The Brookfield, Conn., semiconductor equipment company said sales fell 8.2% to $109.6 million from $119.5 million.
ProLogis (PLD) said it has named Chief Executive Jeffrey Schwartz to the additional post of chairman of the board. The appointment is effective immediately, the Denver-based distribution-facility real-estate investment trust said. Schwartz succeeds K. Dane Brooksher, who had served as chairman since March 1999.
Salary.com Inc. (SLRY) reported fiscal a fourth-quarter net loss of $4.05 million, compared with a net loss of $1.2 million in the same period last year. Net loss attributable to common stockholders came in at $4.14 million, or 44 cents a share, versus $1.33 million, or 31 cents a share, last year. Excluding items, the company posted a loss of 11 cents compared with a loss of 11 cents a year ago. The Waltham, Mass.-based provider of compensation management services said revenue in the three months ended March 31 rose 42% to $6.4 million from $4.51 million last year.
SenoRx Inc. (SENO) reported a first-quarter net loss of $2.11 million, or 90 cents a share, compared with a net loss of $2.34 million, or $1.07 a share, during the year-ago period. The pro forma loss for the quarter was 20 cents a share. The Aliso Viejo, Calif.-based maker of devices for the diagnosis and treatment of breast cancer posted net revenue for the three months ended March 31 of $7.7 million vs. $5.83 million.
TD Ameritrade Holding Corp. (AMTD) reported 253,000 average client trades per day in April. Qualified accounts totaled 3.28 million, the Omaha, Neb.-based online broker said. As of April 30, client assets totaled roughly $292 billion.