SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Wednesday's session are Apple Inc., Qualcomm Inc., and Xerox Corp.
Anheuser-Busch Cos. (BUD) is expected to report second-quarter earnings of 87 cents a share, according to a survey of analysts by Thomson Financial.
Apple (AAPL) is expected to post earnings of 72 cents a share for the third quarter.
Boeing (BA) is expected to report second-quarter earnings of $1.16 a share.
ConocoPhillips (COP) is expected to post earnings of $2.68 a share for the second quarter.
E-Trade Financial Corp. (ETFC) is expected to report second-quarter earnings of 40 cents a share.
New York Times Co. (NYT) is expected to post earnings of 31 cents a share for the second quarter.
Norfolk Southern Corp. (NSC) is expected to report second-quarter earnings of 94 cents a share.
Qualcomm (QCOM) is expected to post earnings of 52 cents a share for the third quarter.
Reynolds American Inc. (RAI) is expected to report second-quarter earnings of $1.21 a share.
Xerox (XRX) is expected to post earnings of 27 cents a share for the second quarter.
After Tuesday's closing bell, Amazon.com Inc. (AMZN) saw its second-quarter earnings more than triple from the same period last year as sales grew and the level of expenses was trimmed from the previous year.
XM Satellite Radio (XMSR) said that Chief Executive Hugh Panero will resign from the company in August, a sudden departure that comes as the company's proposed merger with rival Sirius Satellite Radio is being considered for approval by U.S. regulatory agencies.
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Aaron Rents Inc.'s (RNTA) second-quarter net income fell 4.8 percent to $19.7 million, or 36 cents a share, from $20.7 million, or 39 cents a share, a year earlier, hurt by higher operating and rental-merchandise depreciation expenses. The Atlanta appliance, consumer-electronics and residential and office furniture-rental company's revenue rose 12 percent to $359 million from $321.7 million a year earlier.
Ace Ltd. (ACE) said that second-quarter net income came in at $649 million, or $1.93 per ordinary share after payment of preferred dividends. That was up 13 percent from a year earlier when the Bermuda-based insurer and reinsurer made $573 million, or $1.72 a share. Income excluding net realized gains and losses was $1.98 a share, the company added.
Aflac Inc.'s (AFL) second-quarter net income rose 1.7 percent to $415 million, or 84 cents a share, from $408 million, or 81 cents a share, a year earlier, boosted by a weaker yen relative to the dollar. The Columbus, Ga., insurance company's earnings from operations were 82 cents a share, up from 75 cents a share a year earlier. Revenue fell 1.8 percent to $3.76 billion from $3.7 billion a year earlier.
AmSurg Corp.'s (AMSG) second-quarter net income rose 11 percent to $11.2 million, or 36 cents a share, from $10.1 million, or 33 cents a share, a year earlier. The Nashville-based ambulatory-care company said earnings from continuing operations were 35 cents a share. AmSurg's revenue increased 11 percent to $131.7 million from $118.5 million a year ago, while same-store sales were up 6 percent.
Anadigics Inc. (ANAD) swung to a second-quarter profit of $1.88 million, or 3 cents a share, from a year-earlier loss of $2.79 million, or 6 cents a share. The Warren, N.J., supplier of wireless-communication services said sales rose 37 percent to $53.9 million from $39.3 million a year ago. Excluding items, earnings were $5.7 million, or 10 cents a share.
Anika Therapeutics Inc. (ANIK) received marketing approval for its injectable soft-tissue filler for wrinkles and scar remediation from the Food and Drug Administration. Anika, of Woburn, Mass., said the product is licensed to Galderma Pharma SA, which will launch it worldwide under its brand name, Elevess.
Arthur J. Gallagher & Co. (AJG) reported second-quarter net earnings of $35.4 million, or 36 cents a share, up 24 percent from $28.6 million, or 29 cents a share, in the year-ago period. The Itasca, Ill.-based insurance company said revenue in the three months ended June 30 rose to $307.8 million from $270.1 million in the comparable period last year.
Boston Properties Inc. (BXP) reported second-quarter net earnings of $102.3 million, or 84 cents a share, down from $625.7 million, or $5.23 a share, in the year-ago period. The Boston-based real estate investment trust said revenue in the three months ended June 30 rose to $375.1 million from $357.9 million.
Boston Scientific Corp. (BSX) said that as part of an ongoing review of the medical device maker's assets it's considering selling its fluid management business.
Carter's Inc. (CRI) swung to a second-quarter loss of $1.43 million, or $2.48 a share, from a profit of $9.02 million, or 15 cents a share, a year earlier on a 17 percent decline in sales of the OshKosh brand. The Atlanta-based baby and child apparel maker's net sales increased 3.7% to $287.8 million from $277.6 million a year ago.
Centex Corp. (CTX) swung to a fiscal first-quarter loss of $128 million, or $1.05 a share, from earnings of $160.3 million, or $1.27 cents a share, a year earlier. The latest quarter's latest loss from continuing operations was $1.08 a share. The latest quarter included impairments and other land charges of $193 million pretax, or 98 cents a share. The Dallas home builder said revenue in the quarter ended June 30 declined 31 percent to $1.94 billion from $2.8 billion a year ago due to a decrease in orders and home closings.
Cerner Corp. (CERN) reported second-quarter net earnings of $31.1 million, or 37 cents a share, up 30% from $23.9 million, or 29 cents a share, in the year-ago period. The Kansas City, Mo.-based health-care information company said revenue rose to $386.6 million from $330.6 million. Adjusted per-share earnings were 41 cents vs. 33 cents last year.
Cheesecake Factory Inc. (CAKE) reported second-quarter net earnings of $23.7 million, or 33 cents a share, up 1.1 percent from $23.4 million, or 30 cents a share, in the year-ago period. The Calabasas Hills, Calif.-based restaurant operator said revenue in the 13 weeks ended July 3 rose 16% to $373.2 million from $322.6 million in the comparable period last year.
Choice Hotels International Inc.'s (CHH) second-quarter earnings rose 19 percent to $28.6 million, or 43 cents a share, from $24.1 million, or 36 cents a share, a year earlier. Revenue grew 12 percent to $157.7 million from $140.5 million. The Silver Spring, Md., hospitality company expects third-quarter earnings of at least 52 cents a share and full-year earnings of $1.62 a share.
C.H. Robinson Worldwide (CHRW) posted a second-quarter profit of $82.3 million, or 47 cents a share, up from $66.6 million, or 38 cents, a year ago, thanks to increased demand for the company's more profitable transportation management services business. Total revenue climbed to $1.51 billion from $1.36 billion a year earlier.
Chubb Corp. (CB) said that second-quarter net income came in at $709 million, or $1.75 a share, up 19 percent from a year earlier when the property and casualty insurer made $598 million, or $1.41 a share. Operating earnings, which exclude after-tax realized investment gains and losses, were $648 million, or a record $1.60 a share, the company added.
Medical device maker C.R. Bard Inc. (BCR) said net income was $97.5 million, or 91 cents a share, compared with the $81.4 million, or 76 cents a share, from a year ago. Sales were $545.7 million vs. last year's $496.5 million. The company said there were one-time adjustments that brought earnings down by 2 cents a share during the quarter.
Developers Diversified Realty Corp. (DDR) reported second-quarter net earnings of $127.4 million, up from $78.7 million in the comparable period last year. The Cleveland-based real estate investment trust said income available to common shareholders was $111.4 million, or 89 cents a share, versus $64.9 million, or 59 cents a share, in the year-ago period. Second-quarter funds from operations came in at $1.26 a share up from 99 cents a share last year. Revenue in the three months ended June 30 rose to $255.4 million from $189 million in the comparable period last year.
EastGroup Properties Inc. (EGP) reported second-quarter net earnings of $6.13 million, up from $5.58 million a year ago. Net income available to common stockholders for the period ended June 30 was $5.48 million, or 23 cents a share, versus $4.92 million, or 22 cents a share, in the year-ago period. Funds from operations came in at 74 cent a share, up from 69 cents a share last year. The revenue rose to $37.2 million from $32.8 million.
Fidelity National Information Services Inc.'s (FIS) second-quarter net income more than doubled to $148 million, or 75 cents a share, from $66 million, or 34 cents a share, a year earlier, boosted by a 44 percent increase in international-segment revenue. The Jacksonville, Fla., software, outsourcing and information-technology company's total revenue rose 15 percent to $1.18 billion from $1.02 billion a year earlier.
Illumina Inc.'s (ILMN) second-quarter net income rose nearly 37 percent to $9.26 million, or 16 cent a share, from a year-earlier profit of $6.77 million, or 14 cents a share. Excluding acquisition-related items and stock compensation, income was $16.8 million, or 29 cents a share, compared with $10.1 million, or 21 cents a share in the year-earlier period. The San Diego-based genetic test-maker's revenue more than doubled to $84.5 million from $41.6 million in the year-earlier period.
Inter Parfums Inc. (IPAR) said second-quarter revenue rose 18 percent to $82.8 million from $70.3 million in the same period last year.
Jones Lang LaSalle Inc. (JLL) reported second-quarter net earnings $78.6 million up 19 percent from $66.2 million during the year-ago period. Net income available to common shareholders was $77.9 million, or $2.32 a share, compared with $65.7 million, or $1.94 a share, last year. The Chicago-based real estate services and money management firm said revenue in the three months ended June 30 rose to $676.1 million from $509.8 million in the comparable period last year.
Lam Research Corp. (LRCX) reported fourth-quarter revenue grew 29 percent to $678.5 million over the same period last year. The Fremont, Calif.-based maker of chip equipment didn't provide per-share data due to a recently announced review of its stock-option accounting. It said shipments were $694 million for the quarter ended June 24.
Linear Technology Corp.'s (LLTC) fiscal fourth-quarter net income fell 17 percent to $95.7 million from $115.7 million a year earlier on its $1.3 billion accelerated share repurchase. On a per-share basis, earnings fell to 36 cents from 37 cents a year ago. Excluding stock-based compensation expenses, earnings were 42 cents a share. The Milpitas, Calif., linear integrated circuits maker's revenue for the quarter ended July 1 fell 8.5 percent to $268.1 million from $292.9 million a year ago.
Montpelier Re Holdings Ltd. (MRH) reported second-quarter net earnings of $50.7 million, or 53 cents a share, down from $57.6 million, or 62 cents a share, in the same period last year. The Bermuda-based reinsurer reported operating income, which excludes foreign exchange and investment gains and losses, of 56 cents a share versus 58 cents a share a year ago. Net premiums written in the quarter ended June 30 fell to $166.6 million from $271.9 million in the comparable period last year, and the company reported a combined ratio of 70 percent versus 72.9 percent.
Nabors Industries Ltd. (NBR) reported second-quarter net earnings of $228.3 million, or 79 cents a share, little-changed from $233.4 million, or 77 cents, a year ago. Revenue at the driller rose to $1.17 billion from $1.13 billion. The company said overseas operations helped offset stubborn weakness in its North American business. Separately, Hornbeck Offshore Services (HOS) said it agreed to buy the 20 offshore service vessels in Nabors' Sea Mar fleet for $186 million plus fuel onboard.
NutriSystem Inc.'s (NTRI) second-quarter net income rose 70 percent to $33.5 million, or 96 cents a share, from $19.8 million, or 53 cents a share, a year earlier on growth in the core women's market. The Horsham, Pa., provider of weight management and fitness products said revenue rose 61 percent to $213.6 million from $132.6 million.
Owens & Minor Inc. (OMI) reported second-quarter net earnings of $18.3 million, or 45 cents a share, up from $10.5 million, or 26 cents a share, in the year-ago period. The Richmond, Va.-based distributor of medical supplies said revenue in the three months ended June 30 rose to $1.68 billion from $1.3 billion in the comparable period last year.
Panera Bread Co.'s (PNRA) second-quarter net income fell 10 percent to $12.6 million, or 39 cents a share, from $14.1 million, or 44 cents a share, a year earlier, as costs rose 33 percent. The St. Louis company's revenue rose 28 percent to $253 million from $197.1 million in the year-ago period. Costs grew to $234.1 million from $175.7 million.
Platinum Underwriters Holdings Ltd.'s (PTP) second-quarter net income rose 11 percent to $90.7 million, or $1.34 a share, from $81.7 million, or $1.24 a share, a year earlier. On average, analysts expected per-share earnings of $1.18, according to a poll by Thomson Financial. Revenue for the Hamilton, Bermuda, insurance company fell to $346.8 million from $380.1 million in the year-ago period. Platinum's second-quarter net premiums written fell by 7 percent to $287.7 million from $309.8 million a year earlier.
RF Micro Devices Inc.'s (RFMD) fiscal first-quarter net income jumped 82 percent to $25.3 million, or 11 cents a share, from $13.9 million, or 7 cents a share, a year earlier, as results were boosted by a $21 million income tax benefit. Excluding certain items, earnings fell to 4 cents a share from 9 cents a share. The Greensboro, N.C., mobile communications company said revenue for the quarter ended June 30 declined 11 percent to $211.6 million from $238.3 million.
Robert Half International Inc.'s (RHI) second-quarter net income rose nearly 6 percent to $72.7 million, or 44 cents a share, from year-earlier net income of $68.7 million, or 39 cents a share. The Menlo Park, Calif., consulting and staffing company's revenue increased 17 percent to $1.15 billion from $981.8 million a year earlier.
Sigma-Aldrich (SIAL) said net income in the second quarter rose to $79.7 million, or 60 cents a share, up from $70.3 million, or 52 cents a share, in the year-ago quarter. The St. Louis-based maker of chemicals used in lab research said sales rose 13 percent to $507.5 million.
Skechers USA Inc. (SKX) second-quarter net income fell 15 percent to $14.9 million, or 32 cents a share, from $17.6 million, or 40 cents a share, as operating expenses rose 27 percent. The Manhattan Beach, Calif., shoe company's sales grew 21 percent to $352.2 million from $292.2 million in the year-ago period. Operating expenses rose to $131.4 million from $103.9 million.
Snap-On Inc.'s (SNA) second-quarter net income more than tripled to $43.8 million, or 74 cents a share, from $11.8 million, or 20 cents a share, a year earlier, boosted by the diagnostics & information group. The Kenosha, Wis., tools and diagnostics company's second-quarter earnings from continuing operations rose to 90 cents a share from 60 cents a share a year earlier. Revenue rose 15 percent to $711.9 million from $621.7 million a year earlier.
STMicroelectronics NV (STM) swung to a second-quarter loss of $758 million, or 84 cents a share, from a profit of $168 million, or 18 cents a share, a year earlier on impairment and restructuring costs. Sales fell 3.3 percent to $2.41 billion from $2.49 billion in the prior-year period.
United Community Financial Corp. (UCFC) agreed to acquire PVF Capital Corp. (PVFC) , a Solon, Ohio, bank holding company, for total consideration valued at $130.8 million, or $16.21 a share, in cash and stock. Under the agreement, shareholders will have the option of exchanging each PVF share for $18.50 in cash, 1.852 shares of United Community stock, or a combination of $9.25 in cash and 0.926 shares.
Vertex Pharmaceuticals Inc.'s (VRTX) second-quarter loss widened to $117.8 million, or 91 cents a share, from $77.7 million, or 72 cents a share, a year earlier as expenses rose 50 percent. The Cambridge, Mass., biotechnology company's revenue rose 28 percent to $38.2 million from $29.7 million in the year-ago period.
Websense Inc.'s (WBSN) second-quarter net income fell 74 percent to $2.13 million, or 5 cents a share, from $8.07 million, or 17 cents a share, a year earlier. Websense had expected net income of 10 cents to 12 cents a share, or earnings, excluding items, of 20 cents to 22 cents a share. The San Diego software company said revenue rose 15 percent to $50.4 million from $43.7 million a year ago, within the company's expected range of $50 million to $51 million.
Wells Fargo & Co. (WFC) boosted its quarterly dividend 11 percent to 31 cents from 28 cents. The San Francisco financial services company said the dividend is payable Sept. 1 to stockholders of record Aug. 10.
XL Capital Ltd. (XL) said that second-quarter net income came in at $554.6 million, up 43 percent from a year earlier when the Bermuda-based insurer and reinsurer made $387.2 million. Net income available to ordinary shareholders was $3 per ordinary share in the quarter. Profit excluding net realized gains and losses came in at $516.2 million, or $2.84 per ordinary share, XL added. The company was expected to make $2.47 a share, according to a Thomson Financial analyst poll.
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