Among the companies whose shares are expected to see active trading in Wednesday's session are AIG, Sprint Nextel Corp., and Cisco Systems Inc.

American International Group Inc. (AIG) is expected to report second-quarter earnings of $1.61 a share, according to a survey of analysts by Thomson Financial.

Cablevision Systems Corp. (CVC) is expected to post earnings of a penny a share for the second quarter.

Hospira Inc. (HSP) is expected to report second-quarter earnings of 47 cents a share.

Integrys Energy Group Inc. (TEG) is expected to post earnings of 30 cents a share for the second quarter.

News Corp. (NWS) (NWS.A) is expected to report fourth-quarter earnings of 28 cents a share.

Polo Ralph Lauren Corp. (RL) is expected to post earnings of 85 cents a share for the first quarter.

Progress Energy Inc. (PGN) is expected to report second-quarter earnings of 52 cents a share.

Revlon Inc. (REV) is expected to post a loss of 7 cents a share for the second quarter.

Sprint Nextel (S) is expected to report second-quarter earnings of 22 cents a share.

Windstream Corp. (WIN) is expected to post earnings of 23 cents a share for the second quarter.

After Tuesday's closing bell, Cisco Systems (CSCO) said it saw earnings grow 25 percent for its fiscal fourth quarter, beating estimates amid strong sales of the company's networking gear to large businesses.

Also, Priceline.com Inc. (PCLN) said its second-quarter profit nearly tripled from the same period last year, thanks in large part to strong overseas demand for the company's Web-based services.

Watch List

Allied World Assurance Co. (AWH) reported second-quarter net earnings of $123.3 million, or $1.96 a share, up from $102.4 million, or $2.02 a share, during the year-ago period. The company posted operating income of $125.3 million, or $1.99 a share, versus operating income of $112.1 million, or $2.21 a share, for the second quarter 2006. The Bermuda-based insurer said net premiums written for the three months ended June 30 came in at $386.6 million, up 4.4 percent from $370.3 million last year.

Alon USA Energy Inc. (ALJ) reported second-quarter net earnings of $95.6 million, or $2.05 a share, up from $43.1 million, or 92 cents a share, during the year-ago period. The Dallas-based refiner and marketer of petroleum products said revenue for the three months ended June 30 rose to $1.19 billion from $672.3 million.

Allscripts Healthcare Solutions Inc.'s (MDRX) second-quarter net income more than doubled to $6 million, or 10 cents a share, from $2.83 million, or 5 cents a share, a year earlier. The Chicago-based prescription management software company's revenue rose 17 percent to $70 million in the most recent period from $60 million in the year-ago period.

Atwood Oceanics Inc.'s (ATW) fiscal third-quarter net income declined 2.4 percent to $32 million, or $1 a share, from a year-earlier profit of $32.8 million, or $1.04 a share. The year-earlier period included a tax benefit of 20 cents a share. The Houston-based drilling contractor's revenue grew 37 percent to $98.4 million, from $71.9 million a year earlier.

Avis Budget Group Inc. (CAR) earned $24 million, or 23 cents a share, in the second quarter - a turn from the more than $1 billion, or $10.52 a share, it lost in the year-ago period, the car rental company said Tuesday. Revenue came in at a record $1.5 billion, up 4 percent.

Barrier Therapeutics Inc. (BTRX) reported a second-quarter net loss of $15.7 million, or 54 cents a share, versus a year-ago net loss of $13.9 million, or 58 cents a share. The Princeton, N.J.-based pharmaceutical company said revenue in the quarter ended June 30 rose to $4.12 million from $1.08 million a year ago.

Bob Evans Farms Inc.'s (BOBE) July same-store sales rose 4.4 percent at Bob Evans Restaurants and fell 1.5 percent at Mimi's Cafe.

Boeing Co. (BA) said that Cathay Pacific Airways has ordered five additional Boeing 777-300ER jetliners, increasing the Hong Kong-based carrier's commitment to a total of 23 of the twin-engine, twin-aisle airplanes. The five new airplanes have an estimated value of $1.4 billion at list prices, Boeing said.

Capital One Financial Corp. (COF) said it has agreed to acquire NetSpend Holdings Inc., the parent company of NetSpend Corp., for $700 million in cash. NetSpend is a retail marketer of prepaid debit cards.

Cepheid Inc. (CPHD) said its net loss for the second quarter narrowed to $5.24 million, or 10 cents a share, from $7.04 million, or 13 cents a share, in the year-ago period. The Sunnyvale, Calif.-based maker of systems for genetic analysis said revenue in the three months ended June 30 rose to $27.2 million from $19.8 million a year ago.

Charles River Laboratories International Inc. (CRL) reported second-quarter net earnings of $38 million, or 55 cents a share, up 47 percent from $25.7 million, or 36 cents a share, during the year-ago period. Excluding charges and other items, earnings were 64 cents a share vs. 58 cents a share, last year. The Wilmington, Mass.-based biotechnology company said revenue rose to $307.4 million from $267.9 million.

Churchhill Downs Inc.'s (CHDN) second-quarter net income fell 12 percent to $29.3 million, or $2.11 a share, from $33.4 million, or $2.45 a share, a year earlier. The Louisville racetrack owner and thoroughbred racing company said revenue increased 4.1 percent to $169.9 million from $163.3 million.

Cree Inc.'s (CREE) fiscal fourth-quarter net income declined to $6.43 million, or 8 cents a share, from a year-earlier profit of $13.2 million, or 17 cents a share. The Durham, N.C., light-emitting diodes chip maker's revenue for the period ended June 30 increased 4 percent to $111.2 million from $106.7 million in the year-earlier period.

Cross Country Healthcare Inc. (CCRN) reported second-quarter net earnings of $5.46 million, or 17 cents a share, up 23 percent from $4.43 million, or 14 cents a share, in the year-ago period. Revenue in the quarter ended June 30 rose 12 percent to $175.3 million from $156.7 million in the same period last year.

Dendreon Corp.'s (DNDN) second-quarter net loss narrowed to $22.2 million, or 27 cents a share, from $25.1 million, or 35 cents a share, a year earlier. The Seattle-based biopharmaceutical company's revenue jumped to $523,000 from $78,000 in the year-ago period.

Durect Corp. (DRRX) reported that its second-quarter net loss narrowed to $479,000, or a penny a share, from $8.74 million, or 14 cents a share, a year ago. Revenue in the three months ended June 30 rose to $13.4 million from $6.11 million last year.

Engineering and construction firm Fluor Corp. (FLR) said profit in the second quarter rose to $96 million, or $1.05 a share, from $67 million, or 74 cents a share, in the same period a year ago. Sales rose 22 percent to $4.2 billion on growth across its business lines excluding the government sector. Sales to the energy sector were particularly strong, it said.

Forest Oil Corp. (FST) reported second-quarter net earnings of $76.8 million, or $1.08 a diluted share, up 35 percent from $57 million, or 90 cents a share, during the year-ago period. The Denver-based oil and gas company said revenue for the three months ended June 30 rose to $254.7 million from $211.9 million.

Golfsmith International Inc. (GOLF) reported it swung to a second-quarter net profit of $6.82 million, or 43 cents a share, compared with a net loss of $7.94 million, or 73 cents a share, during the year-ago period. The Austin, Texas-based retailer of golf apparel and equipment said revenue rose to $125 million from $114.1 million.

Guitar Center Inc.'s (GTRC) second-quarter net income fell to $9.6 million, or 32 cents a share, from a year-earlier profit of $13.4 million, or 47 cents a share. Excluding a transaction charge, income in the recent period was 37 cents a share. The Westlake Village, Calif., musical instrument retailer, which agreed recently to be acquired by Bain Capital Partners LLC for $63 a share, said its second-quarter sales increased 13 percent to $518.9 million, from $458 million a year earlier.

Harris Corp. (HRS) reported fourth-quarter net earnings of $87.6 million, or 63 cents a share, up from $85.1 million, or 61 cents a share, during the year-ago period. The Melbourne, Fla.-based information-technology company said revenue rose to $1.21 billion from $992.4 million.

Heelys Inc. (HLYS) reported second-quarter net earnings of $12.8 million, or 45 cents a share, up from $4.19 million, or 17 cents a share, during the year-ago period. The footwear company said revenue for the three months ended June 30 rose to $74.3 million from $30.9 million.

Jack In The Box Inc. (JBX) approved a 2-for-1 stock split, to be effected in a special 100 percent stock dividend. The San Diego-based restaurant operator said the split is subject to stockholder approval.

Kindred Healthcare Inc. (KND) reported that it swung to a second-quarter net loss of $61.9 million, or $1.52 a share, from a year-ago net profit of $29.7 million, or 71 cents a share. The Louisville, Ky.-based company said revenue in the period increased 5 percent to $1.1 billion from $1.04 billion.

Macrovision Corp. (MVSN) reported second-quarter net earnings of $2.5 million, or 5 cents a share, down 63 percent from $6.8 million, or 13 cents a share, during the year-ago period. The Santa Clara, Calif.-based software company said revenue for the three months ended June 30 slipped to $57.1 million from $58.3 million.

McCormick & Schmick's Seafood Restaurants Inc.'s (MSSR) second-quarter net income rose 28 percent to $4.52 million, or 31 cents a share from $3.54 million, or 24 cents a share a year earlier. The Portland, Ore., seafood restaurant operator said revenue for the period increased 17 percent to $89.6 million from $76.8 million a year ago.

McDermott International (MDR) posted a second-quarter profit of $149.4 million, or $1.31 a share, up from $47 million, or 41 cents a share, a year earlier thanks to strong results in its power generation systems and offshore oil and gas construction businesses. Revenue rose to $1.42 billion from $1.05 billion.

Medicis Pharmaceutical Corp.'s (MRX) second-quarter net income rose slightly to $15.523 million from $15.519 million a year earlier. Per-share earnings fell to 24 cents from 25 cents. The Scottsdale, Ariz., pharmaceutical company's revenue increased 28 percent to $108.9 million from $85 million a year ago.

Pacer International Inc.'s (PACR) second-quarter net income fell 2 percent to $12.5 million, or 34 cents a share, from $14.5 million, or 38 cents a share, a year earlier. The Concord, Calif., logistics and freight transportation company said revenue increased 3.6 percent to $474.9 million from $458.2 million due to improved intermodal volumes.

Papa John's International Inc. (PZZA) reported second-quarter net earnings of $7.01 million, or 23 cents a share, down from $15.3 million, or 46 cents a share, during the year-ago period. The Louisville, Ky.-based pizza chain said revenue rose to $256.3 million from $241.6 million.

Perini Corp.'s (PCR) second-quarter net income grew to $27.6 million, or $1.01 a share, from $4.6 million, or 16 cents a share, a year earlier. The Framingham, Mass., construction-service company's revenue grew 62 percent to $1.15 billion, from $712 million a year earlier, on more work in the hospitality and gaming markets.

Time Warner Telecom Inc.'s (TWTC) second-quarter loss narrowed to $9.59 million, or 7 cents a share, from $40.4 million, or 34 cents a share a year earlier. The year-ago loss included debt extinguishment costs of $25.8 million. The Littleton, Colo., provider of managed voice and data networking services said revenue increased 40 percent to $268 million from $191.3 million a year ago.

WMS Industries Inc.'s (WMS) fiscal fourth-quarter net income rose 67 percent to $16.7 million, or 29 cents a share, from $10 million, or 18 cents a share, a year earlier on a 35 percent boost in new unit shipments. Earnings were adjusted to account for the company's 3-for-2 stock split, which was effected June 14, the Waukegan, Ill., gaming machine maker said. Revenue for the quarter ended June 30 increased 29 percent to $158 million from $122.7 million a year ago.

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