Stocks to Watch, April 10: Alcoa, Cablevision and Dominion Homes
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Among the companies whose shares are expected to see active trade in Monday's session are Alcoa Inc., Cablevision Systems Corp. and Dominion Homes Inc.
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Alcoa Inc. (AA) is expected to report first-quarter earnings of 51 cents a share, according to analysts polled by Thomson First Call.
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Watch List
99 Cents Only Stores (NDN) said same-store sales increased 1.8% in the fourth quarter, compared with the year-ago period. Total sales were $253.9 million during the period, up 4.6% from $242.6 million a year earlier, the City of Commerce, Calif.-based retailer said.
Charter Communications Inc. (CHTR) said it expects first-quarter revenue of $1.365 billion to $1.38 billion, and adjusted earnings before interest, taxes, depreciation and amortization to be essentially flat compared with the year-ago period. The St. Louis-based broadband communications company also said it expects capital expenditures for the first quarter to range from $235 million to $260 million.
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Cablevision Systems Corp. (CVC) declared a special cash dividend of $10 a share for its Class A and Class B shares. The dividend is payable April 24 to shareholders of record as of April 18. The Bethpage, N.Y.-based media and telecommunications company said the dividend will be paid from the proceeds of a $3 billion distribution from its subsidiary, CSC Holdings Inc
Connetics Corp. (CNCT) said the Securities and Exchange Commission is conducting a formal investigation into whether the company, its employees, officers, directors or others may have violated federal securities laws. The Palo Alto, Calif.-based pharmaceutical company said that on March 28, the SEC filed a civil lawsuit against a Connetics employee for alleged insider trading. The company has since fired the employee. Connetics said it is not named as a defendant in the lawsuit.
A bankruptcy court judge has approved auto-parts supplier Delphi Corp.'s (DPHIQ) plan to try to induce thousands of hourly employees to retire early.
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Dominion Homes Inc. (DHOM) said it has sold 475 homes during the first quarter, down 24% from 626 homes during the same period last year. The company closed 315 homes during the quarter, compared with 478 homes last year.
Smith & Wollensky Restaurant Group Inc. (SWRG) said same-restaurant sales rose 3% in March, compared with the year-ago period. Total consolidated restaurant sales for the month were $12.3 million, down 5.4% from a year ago. For the first quarter, same-restaurant sales increased 1.9% vs. a year ago, the New York-based restaurant chain said. Total consolidated restaurant sales for the period fell by 6.6%.