SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are Intel Corp., IBM Corp., Wells Fargo & Co., Yahoo Inc. and U.S. Bancorp.
Continental Airlines Inc. (CAL) is expected to report a fourth-quarter loss of $1.68 a share, according to analysts polled by Thomson First Call.
Dana Corp.'s (DCN) third-quarter results are expected to show a per-share loss of 2 cents.
Fifth Third Bancorp (FITB) is expected to show earnings of 63 cents a share in its fourth quarter.
Forest Laboratories Inc. (FRX) is seen posting a fiscal third-quarter profit of 62 cents a share.
Intel Corp. (INTC) is expected to report fourth-quarter earnings of 43 cents a share.
IBM Corp.'s (IBM) fourth quarter is expected to show a profit of $1.94 a share.
M.D.C. Holdings Inc. (MDC) is expected to show per-share earnings of $4.01 in its fourth quarter.
U.S. Bancorp (USB) is seen posting earnings of 62 cents a share in its fourth quarter.
Wells Fargo & Co.'s (WFC) fourth-quarter results are expected to show per-share earnings of $1.15.
Yahoo Inc. (YHOO) is expected to post a fourth-quarter profit of 17 cents a share.
Alcoa Inc. (AA) became the latest corporate giant to back away from its pension commitment to workers. The aluminum producer said that, beginning March 1, newly hired employees will be offered entry to a 401(k) plan rather than a defined-benefit pension fund. Alcoa said the shift will limit its long-term risk and have no impact in the near term.
Steel giant Arcelor extended the bidding war for Canadian steelmaker Dofasco Inc. (DFS) with a C$71-a-share bid that trumps an offer made over the weekend by Germany's ThyssenKrupp AG.
CanWest Interactive, a division of CanWest MediaWorks Publications Inc. and operator of canada.com, said it has entered into a multiyear partnership with Google Inc. (GOOG) . Financial terms weren't disclosed. In addition to search capabilities, the partnership will provide canada.com users with content- and search-related advertising, while offering Google's advertisers access to canada.com's reach across the country. Canada.com is owned by CanWest MediaWorks Publications, which is about 74% indirectly owned by CanWest Global Communications Corp. (CWG) (CGS.SV) (CGS.NV) and 26% indirectly owned by the CanWest MediaWorks Income Fund (CWM.UN) .
Compass Bancshares Inc. (CBSS) said fourth-quarter net earnings were $102.1 million, or 81 cents a share, compared with $92.2 million, or 73 cents a share, during the year-earlier period. The Birmingham, Ala.-based financial holding company said quarterly revenue was $420.6 million, compared with $379.4 million last year.
Fresenius Medical Care North America, a subsidiary of Fresenius Medical Care AG (FMS), said it has purchased the remaining 50% of Lexington, Mass.-based Renaissance Health Care Inc., as well as the remaining 19% stake in Optimal Renal Care Inc. Terms of the transactions weren't disclosed. Fresenius Medical said it has merged Optimal Renal into Renaissance Health, making it the world's second largest provider of chronic kidney disease management services.
Innovex Inc. (INVX) reported a fiscal first-quarter net loss of $9.77 million, or 51 cents a share, vs. a net loss of $1.01 million, or 5 cents a share, in the year-ago period. Excluding 52 cents a share in restructuring charges, the company earned $160,000, or a penny a share. Revenue rose 26%, to $50.5 million from $40 million last year, and gross margin was 12.2%, compared with 9.7%. Innovex said it plans to move all prototyping and high volume manufacturing to its Thailand manufacturing facility over the next 12 months and divest its etched metal manufacturing business located in Litchfield, Minn. The company expects to reduce its workforce and see annual cost savings of $8 million once the transition is complete.
Molson Coors Brewing Co. (TAP) warned that sales volume and earnings would fall short of analysts' estimates for the quarter that ended in December. It also announced it has sold a 68% stake in a Brazilian brewer at a substantial loss.
Dutch media group VNU NV. (VNUVY) said it received a bid valued at nearly $9 billion from a consortium of investors, continuing the trend of private-equity groups launching multibillion-dollar buyouts.
S&T Bancorp Inc., (STBA) reported fourth-quarter net earnings of $14.6 million, or 55 cents a share, against $14.6 million, or 54 cents, last year. Analysts surveyed by Thomson First Call produced a consensus estimate of 56 cents for the period. Revenue from interest on loans rose 3% in the quarter. The net interest margin — the difference between what the bank takes in on loans and what it pays out on deposits — narrowed to 3.97% from 4.05%.
Target Corp. (TGT) said its January same-store sales were trending in line with its forecast of a 3% to 5% increase, based on sales for the week ended Jan. 14 and its outlook for the rest of the month.
Toyota Motor Corp. (TM) reported its North American plants turned out a record 1.56 million cars and trucks and nearly 1.3 million engines in 2005.