SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Thursday's session are Autodesk Inc., Kohl's Corp. and Nordstrom Inc.
Abiomed Inc. (ABMD) is expected to report a fourth-quarter loss of 25 cents a share, according to a survey of analysts by Thomson Financial.
Autodesk (ADSK) is expected to post earnings of 38 cents a share for the second quarter.
Brady Corp. (BRC) is expected to report third-quarter earnings of 55 cents a share.
Intuit Inc. (INTU) is expected to post earnings of $1.08 a share for the third quarter.
JCPenney Corp. (JCP) is expected to report first-quarter earnings of $1.03 a share.
Kohl's (KSS) is expected to post earnings of 62 cents a share for the first quarter.
Marvell Technology Group (MRVL) is expected to report second-quarter earnings of 22 cents a share.
Nordstrom (JWN) is expected to post earnings of 57 cents a share for the first quarter.
Pioneer Drilling Co. (PDC) is expected to report fourth-quarter earnings of 40 cents a share.
Sonic Solutions Inc. (SNIC) is expected to post earnings of 11 cents a share for the third quarter.
After Wednesday's closing bell, Hewlett-Packard Co. (HPQ) reported a second-quarter profit of $1.8 billion as the computing and printing giant said its results were driven by upbeat sales from its personal systems and industry standard server businesses.
Also, Salesforce.com Inc. (CRM) said it swung to a first-quarter profit from a loss in the period a year earlier, and also beat analysts' sales forecasts.
Advance Auto Parts Inc. (AAP) reported first-quarter net earnings of $76.1 million, or 71 cents a share, up 3 percent from $74.1 million, or 68 cents a share, during the year-ago period. The Roanoke, Va.-based retailer of automotive aftermarket parts and accessories posted revenue of $1.47 billion vs. $1.39 billion. Comparable-store sales increased 1.1 percent in the quarter.
Encore Acquisition Co. (EAC) said it has agreed to sell certain oil and natural gas properties in the mid-continent to a private company for $300 million. The sale is expected to close during the second quarter of 2007, the Fort Worth, Texas-based company said.
Enersys (ENS) said late Wednesday it expects fiscal fourth-quarter net earnings of 22 cents a share on revenue of $414 million. Analysts polled by Thomson Financial, on average, currently expect the Reading, Pa.-based maker of industrial batteries to post a fourth-quarter per-share profit of 18 cents. Enersys expects to release its fourth-quarter results on June 13.
Long Drug Stores Corp.'s (LDG) fiscal first-quarter net income fell 17% to $13 million, or 34 cents a share, from $15.8 million, or 41 cents a share, a year earlier. Earnings from continuing operations were $16 million, or 42 cents a share, including charges totaling $5.5 million, or 14 cents a share, for the planned disposition of eight California stores. The Walnut Creek, Calif., drug store chain's revenue for the quarter ended April 26 increased 5.6 percent to $1.3 billion from $1.23 billion a year ago.
Mentor Corp.'s (MNT) fiscal fourth-quarter net income rose 72 percent to $25.9 million, or 54 cents a share, from $15 million, or 31 cents a share, a year earlier. Earnings from continuing operations rose to 35 cents a share from 28 cents a share. The Santa Barbara, Calif.-based medical products company's sales for the period ended March 31 increased 11 percent to $80.3 million from $72.4 million a year ago.
Micron Technology Inc. (MU) said it plans to offer $1.1 billion of unsecured convertible senior notes due June 1, 2014. The Boise, Idaho-based maker of flash memory products said it also plans to grant the underwriters an over-allotment option to purchase up to $165 million of additional notes.
Napster Inc. (NAPS) said its net loss deepened during its fourth fiscal quarter despite a rise in sales. For the period ended March 31, the digital music company reported a net loss of $8.5 million, or 20 cents a share, compared to a loss of $4.4 million, or 10 cents a share, for the same period last year. Revenue grew more than 8 percent to $29.1 million.
NBTY Inc. (NTY) said it's recalling three lots of shark cartilage capsules manufactured in 2004 because they have the potential to be contaminated with salmonella. No illnesses have been reported to date, the company said.
Nortel Networks Corp. (NT) said the Ontario Securities Commission issued a notice of hearing to consider a settlement agreement that has been reached by the staff of the OSC. The Brampton, Ontario, communications networking company said the settlement agreement relates to certain allegations made by OSC staff regarding certain accounting practices that a Nortel independent inquiry found to have happened during 2000, the last two quarters of 2002 and the first two quarters of 2003, which led to restatements of Nortel's financial results. The terms of the settlement agreement are confidential.
Opnet Technologies Inc.'s (OPNT) fiscal fourth-quarter net income rose 60 percent to $1.58 million, or 7 cents a share, from $985,000, or 5 cents a share, a year earlier boosted by increased operating margin. The Bethesda, Md., provider of management software's revenue rose 14 percent to $24.4 million from $21.3 million a year earlier.
PetSmart Inc. (PETM) reported first-quarter net earnings of $106.7 million, or 78 cents a share, up from $41.8 million, or 30 cents a share, in the year-ago period. Excluding a net benefit of roughly $64 million, or 47 cents a share, from the company's sale of a portion of its shares in MMI Holdings Inc., PetSmart earned 34 cents a share in the first quarter. Revenue at the Phoenix-based pet products provider rose to $1.11 billion from $1.01 billion in the same quarter last year, while sales at stores open at least a year rose 4 percent versus a 3.7 percent rise in the first quarter of 2006.
Scottish Re Group Ltd. (SCT) said Dean Miller, the chief financial officer, will leave the company Friday. The Hamilton, Bermuda, life-insurance company didn't give a reason for his departure. Scottish Re expects to name a successor shortly.
Spartan Stores Inc. (SPTN) reported fourth-quarter net earnings of $7.24 million, or 34 cents a share, up 36 percent from $5.31 million, or 25 cents a share, in the year-ago period. Revenue at the Grand Rapids, Mich.-based grocery retailer rose to $559.5 million from $452.8 million.
Sun Microsystems Inc. (SUNW) said it has authorized the buyback of up to $3 billion of its common shares.
Susser Holdings Inc.'s (SUSS) first-quarter loss narrowed to $2.4 million, or 14 cents a share, from $3.95 million, or 43 cents a share, a year earlier. Per-share results were affected by an 80 percent increase in average shares outstanding to 16.7 million. Revenue rose 10 percent to $528.7 million from $523.3 million a year earlier. Susser maintained its 2007 outlook of merchandise same-store sales growth of 4 percent to 5 percent.
Stanley Inc.'s (SXE) fiscal fourth-quarter net income jumped to $4.54 million, or 20 cents a share, from $19,000, or less than a penny a share, a year earlier, on higher operating income and lower interest expense. The Arlington, Va., provider of information-technology services said revenue for the period ended March 31 increased 39 percent to $116.6 million from $84.2 million.
Walgreen Co. (WAG) said it plans to acquire Take Care Health Systems, an operator of 50 health-care clinics in Chicago, Kansas City, Milwaukee, St. Louis and Pittsburgh. Deerfield, Ill.-based Walgreen expects the transaction to close next week. Terms of the deal weren't disclosed.
Warnaco Group Inc. (WRNC) said its board approved a new 3-million-share repurchase program, which is in addition to the 978,915 shares remaining under a previously disclosed 2005 share repurchase program. The New York apparel company said the combined shares remaining under the 2005 program and the new share repurchase authorization represent 8.6 percent of its common stock outstanding. Shares of the company closed trading Wednesday at $31.42, up 17 cents, or 0.5 percent.
XL Capital Ltd. (XL) said late Wednesday it plans to sell a portion of its shares in Security Capital Assurance Ltd (SCA) in a secondary offering. Bermuda-based XL said the sale will take its stake in Security Capital to roughly 47.5 percent from its current level of 63 percent. XL said the action is being undertaken as part of its strategy to simplify its structure.