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Stocks to Watch, April 21: Google and Ford

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are Google Inc., Ford Motor Co., 3M Co., Wyeth and Broadcom Corp.

3M Co. (MMM) is expected to report first-quarter earnings of $1.14 a share, according to analysts polled by Thomson First Call.

Arch Coal Inc. (ACI) is seen posting a first-quarter profit of 58 cents a share.

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Ecolab Inc.'s (ECL) first-quarter per-share profit is expected to be 30 cents.

Ford Motor Co. (F) is expected to post earnings of 25 cents a share in its first quarter.

Ingersoll-Rand Co.'s (IR) first-quarter results are expected to show earnings of 72 cents a share.

RadioShack Corp. (RSH) is expected to report first-quarter per-share profit 17 cents.

Royal Caribbean Cruises Ltd. (RCL) is seen posting earnings of 48 cents a share in its first quarter.

Schlumberger Ltd.'s (SLB) first-quarter per-share profit is expected to be 55 cents.

Wyeth (WYE) is expected to post a profit of 73 cents a share in its first quarter.

After Thursday's closing bell, Google Inc. (GOOG) first-quarter profit rose 60% as the world's largest provider of Internet searches saw its revenue from search-based advertising almost double.

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Affymetrix Inc. (AFFX) reported first-quarter net earnings of $1.83 million, or 3 cents a share, down from $16.2 million, or 24 cents a share, during the year-ago period. The Santa Clara, Calif.-based maker of technology for genetic mapping posted revenue of $86.4 million vs. $88.6 million. Analysts polled by Thomson First Call had forecast first-quarter earnings of 4 cents a share on revenue of $90 million. Excluding the impact of stock-based compensation expense, the company reported net income of $4.2 million, or 6 cents a share, for the quarter.

Arthur J. Gallagher (AJG) reported first-quarter results that fell short of analyst estimates. The insurance broker said net income and earnings from continuing operations for the period came in at $17.1 million, or 17 cents a share, up from a loss of $79 million, or 85 cents a share, a year earlier. Gallagher was expected to make 27 cents a share, according to the average forecast of 11 analysts in a Thomson First Call poll.

Broadcom Corp. (BRCM) said quarterly profit nearly doubled on surging demand for its chips used to power consumer electronics and high-speed Internet gear.

Capital One Financial (COF) reported a 74% jump in quarterly profit as the credit card and banking company benefited from an improved credit environment and began integrating last year's acquisition of Hibernia Bank.

Cree Inc. (CREE) reported fiscal third-quarter net earnings of $24 million, or 31 cents a share, up 16% from $20.7 million, or 27 cents a share, in the year-ago period. Revenue at the Durham, N.C.-based semiconductor component maker rose to $107.7 million from $95.8 million last year. Analysts polled by Thomson First Call had forecast earnings of 26 cents a share on revenue of $107 million.

F5 Networks Inc. (FFIV) reported second-quarter net earnings of $16.1 million, or 39 cents a share, up 33% from $12.1 million, or 31 cents a share, during the year-ago period. The Seattle-based company posted revenue of $94.1 million vs. $67.7 million. Analysts polled by Thomson First Call had forecast second-quarter earnings of 50 cents a share on revenue of $95 million. Excluding stock compensation expense, net income for the second quarter was $20.3 million, or 49 cents a share.

Foundry Networks Inc. (FDRY) said its quarterly profit rose 15% on stronger revenue, though its profit, excluding stock-option expenses, came in just shy of analysts' average estimate.

Freddie Mac (FRE) said it will pay $410 million to settle securities class-action and shareholder-derivative lawsuits filed against the mortgage giant over accounting shenanigans between 2000 and 2002.

Halliburton Co. (HAL) reported almost $500 million in first-quarter earnings and tallied its revenue at more than $5 billion, as record results at its energy-services operations overcame slowing U.S. military work in Iraq.

HouseValues Inc. (SOLD) , a Kirkland, Wash.-based provider of real estate information and services raised its first-quarter revenue forecast to $26.8 million from $25.5 million. The company also raised its adjusted earnings before interest, taxes, depreciation and amortization forecast to more than $4 million from its previous range of $3 million to $3.5 million. In addition, HouseValues reaffirmed its 2006 forecast for revenue of $105 million to $115 million and adjusted EBITDA of $18 million to $20 million.

Hutchinson Technology Inc. (HTCH) said second-quarter net income was $7.87 million, or 28 cents a share, down from $15.1 million, or 51 cents a share, during the same period last year. Analysts polled by Thomson First Call had expected per-share income of 25 cents. Hutchinson said second-quarter revenue was $185.9 million, up from $158 million last year. Analysts were looking for revenue of $195 million.

Hyperion Solutions Corp. (HYSL) reported fiscal third-quarter net earnings of $16 million, or 26 cents a share, down 15% from $18.8 million, or 30 cents a share, in the year-ago period. Excluding items, earnings came in at 37 cents a share compared with 31 cents a share last year. Revenue at the Santa Clara, Calif.-based business software company rose to $185.6 million from $177.1 million. Analysts polled by Thomson First Call had forecast earnings of 35 cents a share on revenue of $187 million. Separately, the company said it has agreed to acquire privately held UpStream Software. Financial terms were not disclosed.

Leggett & Platt Inc. (LEG) hit by ongoing restructuring costs, reported a 15% drop in its first-quarter net profit.

Nasdaq Stock Market Inc. (NDAQ) , fueled by its recent acquisition of Instinet Group, on Thursday said profit rose 41% in the latest quarter, the first full quarter with that acquisition on the books.

PMC-Sierra Inc. (PMCS) swung to a first-quarter loss on the cost of employee stock options and acquisition-related charges.

SanDisk Corp. (SNDK) reported a first-quarter profit that fell almost 47% from a year ago due to a series of one-time items that negatively affected its bottom line.

Stryker Corp. (SYK) reported first-quarter net income of $147.5 million, or 36 cents a share, down 11.5% from $166.7 million, or 41 cents, a year ago. The earnings include a $52.7 million charge associated with the company's acquisition of Sightline Technologies Ltd. Excluding items, adjusted first-quarter earnings were $200.2 million, or 49 cents a share. Revenue for the quarter rose 9.8% to $1.32 billion from $1.2 billion a year ago. Analysts surveyed by Thomson First Call expected the surgical and medical products maker to hand in earnings of 48 cents a share on $1.33 billion in sales.

THQ Inc. (THQI) said it now expects a fiscal fourth-quarter net loss of 13 cents a share on revenue of $150 million. The Agoura Hills, Calif.-based computer games company had previously forecast net earnings of 2 cents a share on revenue of $135 million. THQ reaffirmed its fiscal 2007 forecast for earnings of 90 cents to $1 a share on revenue of $900 million to $950 million.

Sierra Wireless Inc. (SWIR) said first-quarter net income was $2.59 million, or 10 cents a share. During the same period last year, the company reported a net loss of $7.59 million, or 30 cents a share. Analysts polled by Thomson First Call had expected a breakeven per-share result. Revenue for the first quarter was $45.2 million, up from $20.2 million last year. Analysts were looking for revenue of $40 million.

VeriSign Inc. (VRSN) said first-quarter profit slumped 68%, hurt by acquisition-related charges and the cost of employee stock option expenses.

Zions Bancorp. (ZION) said first-quarter net income came in at $137.6 million, or $1.28 a share, up 25% from the same period a year ago, when the Salt Lake City-based lender made $110.2 million, or $1.20 a share. Zions was expected to earn $1.32 a share in the quarter, according to the average estimate of 16 analysts in a Thomson First Call survey. Zions reported net interest income grew 34% to $428.8 million.

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