SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Texas Instruments Inc., Jos. A. Bank Clothiers Inc. and Select Comfort Corp.
Bioenvision Inc. (BIVN) is expected to report a fiscal fourth-quarter loss of 15 cents a share, according to analysts polled by Thomson Financial.
Brady Corp. (BRC) is seen posting a fiscal fourth-quarter profit of 57 cents.
Jos. A. Bank Clothiers Inc. (JOSB) is expected to post a per-share profit of 42 cents for its second quarter.
Select Comfort Corp. (SCSS) is expected to report third-quarter earnings of 27 cents a share.
Spartech Corp. (SEH) is seen posting earnings of 32 cents a share for its third-quarter.
Verint Systems Inc.'s (VRNT) fiscal fourth-quarter results are expected to show a per-share profit of 29 cents.
After Tuesday's closing bell, Texas Instruments Inc., (TXN) , the world's largest maker of cell phone chips, tightened its third-quarter financial targets, matching Wall Street expectations. See full story.
Authentidate Holding Corp. (ADAT) said it's in talks with a private company to form a potential business combination. The Berkeley Heights, N.J., provider of authentication services said terms of the transaction haven't been agreed upon and no letter of intent or acquisition agreement has been executed by either party.
InFocus Corp. (INFS) named Robert O'Malley as chief executive and board member, effective Oct. 1. InFocus also said that it has suspended the strategic alternatives process it announced in October 2006. The Wilsonville, Ore.-based maker of digital projectors said in a statement that "several outside parties expressed interest, resulting in formal proposals above current stock market valuation." Lead independent director Michael Hallman said "although we have suspended the formal strategic alternatives process, the board will continue to consider business opportunities that are in the best interest of the shareholders."
Globecomm Systems Inc. (GCOM) reported fiscal fourth-quarter net earnings of $3.27 million, or 19 cents a share, up from $1.5 million, or 10 cents a share, in the year-ago period. The Hauppage, N.Y.-based provider of communications infrastructure products and services said revenue in the three months ended June 30 rose 38.5% to $49.2 million from $35.5 million last year. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 19 cents on revenue of $48.4 million. Globecomm expects fiscal 2008 earnings of 70 cents a share, or 75 cents a share excluding items, on revenue of $190 million to $200 million.
Majesco Entertainment Co. (COOL) reported a fiscal third-quarter net loss of $1.55 million, or 6 cents a share, versus a year-ago net loss of $724,000, or 3 cents a share. The Edison, N.J.-based provider of video games and digital entertainment products said revenue in the three months ended July 31 fell to $10 million from $12.36 million. Majesco cut its full-year 2007 revenue outlook to a range of $50 million to $53 million.
Molina Healthcare Inc. (MOH) raised its 2007 earnings outlook to a range of $1.85 to $1.95 a share from its previous forecast of $1.75 to $1.90 a share. Analysts polled by Thomson Financial, on average, are currently looking for a 2007 profit of $1.87 a share. The Long Beach, Calif.-based managed care company also said it now expects 2007 net income of $52.9 million to $55.8 million and premium revenue of $2.4 billion
National Financial Partners Corp. (NFP) agreed to acquire Pro Financial Services Inc., an Illinois-based general underwriter, for $73 million in cash and stock. National Financial, a New York financial services product distributor, expects a net tax benefit of about $12.5 million.
Sara Lee Corp. (SLE) reaffirmed its fiscal 2008 outlook for earnings per share from continuing operations of 95 cents to $1.01 on sales of more than $12.6 billion. The Chicago consumer-goods company also said it plans to introduce about 25 new food and beverage products in 2008, as well as several new foodservice and household and body care products. Sara Lee's food-and-beverage unit said it will take price increases as necessary to offset rising commodity costs. Shares of Sara Lee were recently trading at $16.13 after hours, unchanged from the market close.
Wet Seal Inc. (WTSLA) said Chief Financial Officer John Luttrell has resigned to become CFO of the Gap Inc.'s (GPS) Old Navy division. Wet Seal, the Foothill Ranch, Calif.-based teen apparel retailer, named Controller Steve Benrubi as its new CFO. The appointment and resignation will both be effective Sept. 21.