SAN FRANCISCO – Comverse Technology Inc. (CMVT) is expected to report fourth-quarter earnings of 18 cents a share, according to a survey of analysts by Thomson Financial.
Dollar Financial Corp. (DLLR) is expected to post earnings of 47 cents a share for the fourth quarter.
G-III Apparel Group Ltd. (GIII) is expected to report a second-quarter loss of 20 cents a share.
Lululemon Athletica Inc. (LULU) is expected to post earnings of 3 cents a share for the second quarter.
Shuffle Master (SHFL) is expected to report third-quarter earnings of 13 cents a share.
Take-Two Interactive Software (TTWO) is expected to post a loss of 80 cents a share for the third quarter.
Ulticom Inc. (ULCM) is expected to report fourth-quarter earnings of 9 cents a share.
After Friday's closing bell, Countrywide Financial (CFC) , the nation's largest mortgage lender, said that up to 20 percent of its employees stand to lose their jobs within three months. See full story.
AstraZeneca PLC's (AZN) MedImmune unit said it resolved issues raised in a May 24 warning letter from the Food and Drug Administration concerning the company's influenza vaccine manufacturing facility in Speke, U.K. The facility is the bulk-manufacturing site for FluMist influenza vaccine. MedImmune, Gaithersburg, Md., is currently working with the FDA so that shipping of FluMist to customers can soon begin for the upcoming influenza season. MedImmune can now also take the necessary regulatory steps to seek the FDA's final approval of the vaccine for children under 5 years of age.
C&D Technologies Inc.'s (CHP) fiscal second-quarter net loss narrowed to $3.08 million, or 12 cents a share, from $3.6 million, or 14 cents a share, a year earlier. Net loss from continuing operations narrowed to $1.76 million, or 7 cents a share, from $3.86 million, or 15 cents a share, a year earlier. Sales for the Blue Bell, Pa., electrical power storage and conversion products company rose 14 percent to $94.6 million in the period ended July 31 from $83.4 million in the year-ago period. On average, analysts polled by Thomson Financial expected a per-share loss of 23 cents. C&D Technologies closed trading up 33 cents, or 7.3 percent, at $4.85.
Lennox International Inc. (LII) will close its Lynwood, Calif., hearth products operation and consolidate its U.S. factory-built fireplace-manufacturing operations in its Union City, Tenn., facility. Lennox, a Dallas-based maker of air conditioning, refrigeration and heat systems, expects the phased consolidation to be completed by the end of the second quarter of 2008. The company sees the reorganization costing $5 million and expects it to lead to annual cost reductions of over $2 million beginning in April 2008.
Opnet Technologies Inc. (OPNT) said its subsidiary, Opnet Analysis Inc., has been awarded a contract by the Navy's Space and Naval Warfare Systems Center. The contract includes one base year valued at about $14 million and four one-year option periods, which, if exercised, will bring the total cumulative value of the contract to the estimated amount of $75 million. Bethesda, Md.-based Opnet is a provider of management software for networks and applications.
Rambus Inc. (RMBS) said it has reached a settlement agreement over a class-action securities lawsuit filed against the chipmaker in July of last year. The lawsuit focused on options grants and related disclosures. Under the terms of the deal, Rambus will pay $18 million under the settlement, which still requires final documentation and approval of the court. The company added that it is talking with its insurers "concerning their contribution of a portion of the settlement amount."