SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Monday's session are Lowe's Cos., Gold Kist Inc., Dollar General Corp. and Bob Evans Farms Inc.
Bob Evans Farms Inc. (BOBE) is expected to report fiscal first-quarter earnings of 32 cents a share, according to analysts polled by Thomson First Call.
Candela Corp. (CLZR) is expected post a per-share profit of 23 cents in its fiscal fourth quarter.
Kensey Nash Corp. (KNSY) is seen posting earnings of 25 cents a share.
Lowe's Cos. (LOW) is expected to show a per-share profit of 61 cents in its second quarter.
After Friday's closing bell, Pilgrim's Pride Corp. (PPC) offered to buy Gold Kist Inc. (GKIS) for $20 a share in cash. The deal is valued at around $1 billion, plus the assumption of $144 million in Gold Kist debt.
Broadcom Corp. (BRCM) said it has received a delisting notice from Nasdaq due to the delayed filing of its second-quarter Form 10-Q with the Securities and Exchange Commission. The Irvine, Calif.-based chip company plans to request a hearing before a Nasdaq panel and appeal the determination. The request will automatically stay the delisting of shares.
Comverse Technology Inc. (CMVT) said the Nasdaq listing qualifications panel has granted its request for continued listing with certain requirements.
Dollar General Corp. (DG) said it now expects second-quarter earnings of 14 cents to 15 cents a share, down from its June forecast of per-share earnings of 18 cents to 22 cents. Analysts polled by Thomson First Call are currently looking for second-quarter earnings of 19 cents a share. The Goodlettsville, Tenn.-based discount retailer said the quarterly gross margin was below expectations, as the impact of adding more national brand items to the consumables mix was more negative than planned. The gross margin was also negatively impacted by the mix of sales, the company said. Back-to-school sales were also below expectations, Dollar General noted.
Ford Motor Co. (F) said it will slash the number of vehicles it builds in North America in the fourth quarter by 21% in response to its flagging U.S. sales.
Medarex Inc. (MEDX) said it plans to restate its financial results for 2000 through the first fiscal quarter of 2006 following the company's review of its historical stock option grant practices.
Microsoft Corp. (MSFT) announced a shift in the timing of its plans to buy back $40 billion worth of its own shares, saying it expects to acquire $3.8 billion worth in an undersubscribed tender offer that expired overnight and shifting the balance to its long-term program.