SAN FRANCISCO – Among the companies whose shares are expected to see active trading in Thursday's session are Eastman Kodak Co., Viacom Inc., and Starbucks Corp.
CenterPoint Energy Inc. (CNP) is expected to report second-quarter earnings of 20 cents a share.
Clorox Co. (CLX) is expected to post earnings of $1.10 a share for the fourth quarter.
CVS Caremark Corp. (CVS) is expected to report second-quarter earnings of 46 cents a share.
Eastman Kodak (EK) is expected to post earnings of 9 cents a share for the second quarter.
International Paper Co. (IP) is expected to report second-quarter earnings of 54 cents a share.
Nokia Corp. (NOK) is expected to post earnings of 37 cents per American Depositary Share for the second quarter.
Nortel Networks Corp. (NT) is expected to report second-quarter earnings of 8 cents a share.
Starwood Hotels & Resorts Worldwide Inc. (HOT) is expected to post earnings of 63 cents a share for the second quarter.
Viacom (VIA) is expected to report second-quarter earnings of 50 cents a share.
Williams Cos. (WMB) is expected to post earnings of 35 cents a share for the second quarter.
After Wednesday's closing bell, Starbucks (SBUX) reported a nearly 9 percent increase in quarterly profit, as store openings and strength internationally helped offset rising costs.
Also, Walt Disney Co. (DIS) reported higher earnings and sales for the third quarter, driven by double-digit growth across nearly all its segments, and also acquired the Club Penguin online site for children.
Advanced Medical Optics Inc. (EYE) has withdrawn its bid to purchase eye care product company Bausch & Lomb Inc. (BOL) , clearing the way for a rival bid from private-equity group Warburg Pincus, according to a filing Wednesday with the Securities & Exchange Commission. Advanced Medical Optics Chief Executive James Mazzo said in a letter filed with the SEC and addressed to Bausch & Lomb board members that, "the unrealistic hurdles that have been uniquely imposed on Advanced Medical Optics" make clear that "you do not have any interest in providing your shareholders with the opportunity to receive the $75 per share offer that we have proposed."
Ameristar Casinos Inc.'s (ASCA) second-quarter earnings fell 4.2 percent, due to a charge of $2.3 million, or 4 cents a share, related to a state income tax matter. The Las Vegas-based gaming and entertainment company had second-quarter earnings of $17.3 million, or 30 cents a share, compared with $18 million, or 32 cents a share, a year earlier. Ameristar said net revenue for the quarter rose 2.7 percent to $253.2 million from $246.6 million a year ago.
Ashford Hospitality Trust Inc.'s (AHT) second-quarter net income rose 91 percent to $21.1 million from $11 million in the year-ago period, as revenue more than tripled. The company's per-share earnings fell to 13 cents from 15 cents, as the company's share count nearly doubled. The Dallas real estate investment trust's revenue grew to $350.3 million from $114.8 million.
Atmel Corp.'s (ATML) second-quarter net income declined to $700,000, or less than 1 cent a share, from a year-earlier profit of $8.3 million, or 2 cents a share. The San Jose electronic components maker's revenue declined nearly 6 percent to $404.2 million, from $429.5 million in the year-earlier period.
Big 5 Sporting Goods Corp.'s (BGFV) second-quarter net income fell to $5.94 million, or 26 cents a share, from $7.43 million, or 33 cents a share, a year earlier, hurt in part by lower same-store sales. The California sporting goods retailer's sales rose 2.9 percent to $217.8 million from $211.8 million a year ago.
Business software maker CA Inc. (CA) reported net income of $129 million, or 24 cents a share, up from $35 million, or 6 cents a share, a year ago. Revenue rose 8 percent to $1 billion. Looking ahead, CA lifted the high end of its fiscal 2008 per-share forecast to a range of 75 cents to 81 cents, up from a previous target of 75 cents to 79 cents.
Callaway Golf (ELY) reported second-quarter net earnings of $36.6 million, or 53 cents a share, up 63 percent from $22.5 million, or 33 cents a share, during the year-ago period. The Carlsbad, Calif.-based company said revenue for the three months ended June 30 rose to $380 million from $341.8 million.
Chemed Corp.'s (CHE) second-quarter net income fell 27 percent to $9.43 million, or 38 cents a share, from $12.8 million, or 48 cents a share, a year earlier. Excluding early extinguishments of debt and other items, income from continuing operations was 79 cents a share. The Cincinnati provider of end-of-life care as well as plumbing and drain-cleaning services said sales for its Roto-Rooter unit rose to $86 million from $78 million a year ago, while revenue at its Vitas unit was $186 million. Total revenue rose to $271.4 million from $249.1 million.
Electronic Arts Inc. (ERTS) saw net losses grow for the June quarter while revenue slipped due to a change in the company's accounting for revenue from some of its video game titles.
Furniture Brands International Inc.'s (FBN) second-quarter net income fell 66 percent to $5.81 million, or 12 cents a share, from $17 million, or 35 cents a share, a year earlier. The St. Louis residential furniture company said sales fell 11 percent to $535.2 million from $601.3 million.
Helix Energy Solutions Group Inc. (HLX) said second-quarter earnings fell to $57.7 million, or 61 cents a share, from $69.1 million, or 83 cents a share, as revenue climbed 35 percent to $410.6 million from $305 million.
Getty Images Inc.'s (GYI) second-quarter net income grew 45 percent to $33.7 million, or 56 cents a share, from a year-earlier profit of $23.2 million, or 37 cents a share. Excluding professional fees of 1 cent a share, income was 57 cents a share in the recent period, compared with 59 cents a share in the year-earlier period excluding restructuring and other items. The Seattle-based visual content distributor's revenue grew 6.5 percent to nearly $218 million, from $204.6 million in the year-earlier period.
GlobalSantaFe Corp.'s (GSF) second-quarter net income rose 48 percent to $369.8 million, or $1.60 a share, from $248.5 million, or $1.01 a share, a year earlier, as revenue grew 39 percent. The Houston offshore drilling contractor's revenue rose to $1.07 billion from $773.4 million in the year-ago period.
Invitrogen Corp.'s (IVGN) second-quarter earnings more than doubled, boosted by the timing of BioProduction orders and positive currency benefits. The San Diego biotechnology company had second-quarter earnings of $40.8 million, or 86 cents a share, compared with $19.7 million, or 36 cents a share, a year earlier. Invitrogen said revenue for the quarter rose 13 percent to $321.7 million from $285.4 million a year ago.
Leapfrog Enterprises Inc.'s (LF) second-quarter loss widened to $28 million, or 44 cents a share, from $25.7 million, or 41 cents a share, a year earlier. The Emeryville, Calif., educational products company's net sales fell 18 percent to $56 million from $68.1 million in the year-ago period.
Electronic parts maker Molex Inc. (MOLX) said net income for its June quarter fell to $32.7 million, or 18 cents a share, from $70.5 million, or 38 cents a share, in the year-ago quarter. Sales rose 1 percent to $791.8 million. Earnings in the most recent quarter, its fiscal fourth quarter, included $36.9 million in charges, or 16 cents a share, from a restructuring program. Molex raised its quarterly cash dividend 50 percent to 11.25 cents.
Nabi Biopharmaceuticals's (NABI) second-quarter loss narrowed to $4.78 million, or 8 cents a share, from $14.8 million, or 24 cents a share, a year earlier, as revenue rose 2.4 percent. The Boca Raton, Fla., company's revenue to $20.9 million from $20.4 million in the year-ago period.
Online music provider Napster Inc. (NAPS) posted a narrowed loss for its first-quarter ended June 30. Los Angeles-based Napster said its net loss for the quarter was $4.24 million, or 10 cents a share, compared to $9.82 million, or 23 cents a share in the period a year earlier. Revenue meanwhile rose 15 percent to $32.25 million.
National Financial Partners Corp.'s (NFP) second-quarter net income increased 32 percent to $18.1 million, or 45 cents a share, from $13.7 million, or 34 cents a share, a year earlier, boosted by revenue from acquired firms and lower management fee expenses. The New York-based financial services company's revenue rose 8 percent to $283 million from $262.3 million in the year-ago period.
Nationwide Financial Services Inc.'s (NFS) second-quarter earnings fell to $197.3 million, or $1.37 a share, from $262.7 million, or $1.75 a share, a year earlier, when results were boosted by tax reserves and related adjustments. Operating earnings excluding certain items were $1.12 a share, up from 95 cents a year ago. The Columbus, Ohio insurance and financial services company's revenue increased 3.3 percent to $1.17 billion from $1.14 billion a year ago.
Nationwide Health Properties Inc. (NHP) said its second-quarter net income rose to $87.4 million, or 93 cents a share, from a year-earlier profit of $23 million, or 26 cents a share. The real estate investment trust said its quarterly funds from operations rose to 51 cents a share from 48 cents a share. Revenue rose to $80.8 million from $59.3 million.
Prudential Financial (PRU) said late Wednesday that second-quarter net income came in at $835 million, or $1.80 a share, almost double the same period a year earlier when the insurer made $424 million, or 89 cents a share. After-tax adjusted operating income was $872 million, or $1.87 a share.
Quantum Corp.'s (QTM) fiscal first-quarter loss widened to $22.6 million, or 11 cents a share, from $3.58 million, or 2 cents a share, a year earlier, boosted by its acquisition of ADIC. The San Jose tape drive maker said the acquisition reduced earnings by about 14 cents a share. Quantum's product revenue for the quarter ended June 30 increased 39 percent to $221.7 million from $159 million a year ago, the company said. Total revenue rose 32 percent to $245.8 million from $186.6 million a year earlier.
Sirenza Microdevices Inc.'s (SMDI) second-quarter earnings rose 33 percent, boosted by sales of its high-power radio frequency modules for HDTV light source applications and progress in China manufacturing transition activities. The Sunnyvale, Calif., supplier of components for communication industry equipment had second-quarter earnings of $2.83 million, or 5 cents a share, compared with $2.12 million, or 5 cents a share, a year earlier.
Sohu.com Inc.'s (SOHU) second-quarter net income fell 20 percent to $5.71 million, or 15 cents a share, from $7.17 million, or 19 cents a share, a year earlier. Excluding share-based compensation expenses, earnings were $8.1 million, or 21 cents a share. The Beijing-based Internet portal's revenue increased 14 percent to $39 million from $34.1 million a year ago, which the company attributed to growing momentum for the Beijing 2008 Olympic games.
Tetra Tech Inc. (TTEK) reported third-quarter net earnings of $12.4 million, or 21 cents a share, up from $7.85 million, or 14 cents a share, during the year-ago period. The Pasadena, Calif.-based provider of engineering and technical services said revenue rose to $404 million from $359.1 million. Revenue, net of subcontractor costs, was $256.3 million vs. $240.2 million.
Unum Group (UNM) said that second-quarter net income came in at $153.5 million, or 43 cents a share, up 23 percent from a year earlier when the disability insurer made $125.2 million, or 38 cents a share. Excluding a $53 million provision for reassessing past claims and other one-time items, Unum said income from continuing operations on an after-tax basis was $181.5 million, or 51 cents a share.
Usec Inc. (USU) swung to a second-quarter loss of $13.4 million, or 15 cents a share, from a year-earlier profit of $21.6 million, or 25 cents a share, hurt in part by higher electric power costs and higher purchase costs from Russia. Analysts' estimates usually exclude items. The Bethesda, Md., energy company's revenue slid 60 percent to $211.1 million from $525.3 million a year ago.
Weight Watchers International Inc.'s (WTW) second-quarter net income rose slightly to $58 million, or 73 cents a share, from $57.9 million, or 58 cents a share, a year earlier on the positive impact of its Monthly Pass commitment plan in North America and strong product sales. The Woodbury, N.Y., weight loss service company's revenue increased 20 percent to $386.3 million from $321.1 million a year ago.
Willis Group (WSH) said that second-quarter net income came in at $78 million, or 54 cents a share, up 8 percent from a year earlier when the insurance broker made $72 million, or 45 cents a share. Currency fluctuations trimmed net earnings by three cents a share, the company noted. Organic revenue, which excludes the impact of recent acquisitions and divestitures and currency movements, grew 4 percent in the second quarter, Willis said.