SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Goldman Sachs Group, Circuit City Stores Inc. and Oracle Corp.
A.G. Edwards Inc. (AGE) is expected to report earnings of $1.13 a share for the second quarter, according to a Thomson Financial survey of analysts.
American Greetings Corp. (AM) is forecast to post a per-share loss of 7 cents for the second quarter.
Bear Stearns Cos. (BSC) is expected to post a fiscal third-quarter profit of $1.78 a share.
Circuit City Stores Inc. (CC) is forecast to report a loss of 12 cents a share for the second quarter.
ConAgra Inc.'s (CAG) profit for the first quarter is expected to come in at 29 cents a share.
Diamond Foods Inc. (DMND) is expected to post earnings of 3 cents a share for its fiscal fourth quarter.
Analysts expect FedEx Corp. (FDX) to report fiscal first-quarter earnings of $1.54 a share.
Goldman Sachs Group (GS) is expected to post a per-share profit of $4.35 for its fiscal third quarter.
IHS Inc. (IHS) is forecast to post per-share earnings of 36 cents for its fiscal third quarter.
Nike Inc. (NKE) is expected to report fiscal first-quarter earnings of 87 cents a share.
Oracle Corp. (ORCL) is forecast to post a fiscal first-quarter profit of 21 cents a share.
Progress Software Corp. (PRGS) is expected to report earnings of 44 cents a share for its fiscal third quarter.
Scholastic Corp. (SCHL) is forecast to report a per-share loss of 47 cents for its fiscal first quarter.
Steelcase Inc. (SCS) is expected to report second-quarter earnings of 23 cents a share.
After Wednesday's closing bell, Palm Inc. (PALM) said it expects to report first-quarter results in a range of breakeven to a loss of a penny a share on revenue of $359 million to $361 million. Excluding stock-based compensation expenses and other items, the mobile handheld devices maker forecast earnings of 8 cents to 9 cents a share. Analysts had been looking for a profit of 8 cents a share on revenue of $360 million, excluding items.
Angelica Corp. (AGL) said that Morgan Joseph has been authorized to pursue a possible sale of the healthcare textile rental and linen management services provider, and will be soliciting indications of interest from both strategic and financial buyers.
Apogee Enterprises Inc. (APOG) late Wednesday reported a 56% jump in second-quarter net earnings to $11.5 million, or 39 cents a share. Sales at the glass-products maker rose 20% to $217.7 million. The company raised its forecast for 2008 earnings from continuing operations to $1.43 to $1.53 a share because of stronger year-to-date performance of its architectural and picture framing businesses. Its previous forecast was for $1.37 to $1.47 a share. Analysts currently expect 2008 earnings of $1.47 a share.
BioCryst Pharmaceuticals Inc. (BCRX) said preliminary findings from a Phase II study with intramuscular injection of peramivir, a drug candidate to treat seasonal and life-threatening influenza, show that while a single dose demonstrated improvement over placebo, the improvement was not statistically significant. The company also said that due to the introduction of a shorter injection needle in the Phase II trial, that only one-third of subjects received an adequate injection. BioCryst said it plans "to correct the issues identified" in the study and "continue our preparations to initiate our Phase III program by year end."
CKE Restaurants Inc.'s (CKR) second-quarter net income fell to $9.43 million, or 15 cents a share, from $14.2 million, or 20 cents a share, a year earlier. The number of average outstanding shares decreased to 65.3 million from 72.8 million. Pro forma earnings were 18 cents a share. Sales fell to $363.1 million from $364.4 million. Wall Street was looking for earnings of 20 cents a share on revenue of $364 million. Combined same-store sales rose 2.3% in August.
Clarcor Inc.'s (CLC) fiscal third-quarter net earnings rose 16% to $26.6 million, or 53 cents a share. The results included an after-tax gain of 8 cents a share from the completion of its tax audits. Revenue at the filtration and industrial packaging products maker's rose 2.9% to $238.3 million. Analysts expected earnings of 49 cents a share on revenue of $248.7 million. Clarcor narrowed its 2007 per-share earnings forecast to a range of $1.74 to $1.78. It previously forecast $1.72 to $1.80 a share. Analysts expect earnings of $1.77 a share.
Comtech Telecommunications Corp. (CMTL) reported fiscal fourth-quarter earnings of $17.1 million, or 63 cents a share, up from $11.8 million, or 45 cents a share. Revenue rose to $117.8 million from $100.2 million. Analysts had expected a profit of 44 cents a share on $114 million in sales.
Herman Miller Inc. (MLHR) posted fiscal first-quarter net earnings of $33.5 million, or 54 cents a share, up from $28.5 million, or 43 cents a share. Revenue at the office furniture manufacturer rose to $491.7 million from $449.7 million. Analysts expected earnings of 50 cents a share on revenue of $490 million.
Openwave Systems Inc. (OPWV) said Bernard Puckett retired from his role as chairman and as a board member on Sept. 17. The software company said its president and CEO Robert Vrij will serve as interim chairman until a non-executive chairman is appointed.
Topps Co. (TOPP) said that based on a preliminary count of the votes cast at the New York trading cards company's special meeting, its stockholders have approved an acquisition agreement for the trading cards company by the Tornante Co. and Madison Dearborn Partners. Under terms of the deal, which is expected to close in October, Topps stockholders will receive $9.75 a share in cash.
A tender offer for shares of Ventana Medical Systems Inc. (VMSI) has been extended by Roche (RHHBY) to Nov. 1. Roche's offer had been scheduled to expire on Thursday. Roche commenced a tender offer in June to acquire Ventana for $75 a share in cash. Ventana's board late Wednesday in a statement reiterated its stance that the offer is "inadequate."