SAN FRANCISCO – Harrah's Entertainment and Starwood Hotels and Resorts Worldwide are set to announce a new joint venture Monday, while El Paso Corp., Six Flags Inc. and Continental Airlines Inc. are also among the companies whose shares may see active trade in tomorrow's session.
Andrx Corp. (ADRX) is expected to report third-quarter earnings of 18 cents a share.
Beverly Enterprises Inc. (BEV) is seen posting a per-share profit of 24 cents a share in its third quarter.
Celanese Corp.'s (CE) third quarter is seen showing a profit of 49 cents a share.
El Paso Corp. (EP) is expected to post earnings of 15 cents a share in its third quarter.
Gray Television Inc.'s (GTN) third-quarter results are expected to show a per-share profit of 3 cents.
Midway Games Inc. (MWY) is seen reporting a third-quarter loss of 31 cents a share.
Pilgrim's Pride Corp. (PPC) is expected to post a per-share profit of $1.08 in its fourth-quarter.
Quicksilver Resources Inc.'s (KWK) third-quarter is expected to show earnings of 35 cents a share.
Six Flags Inc.'s (PKS) third-quarter is seen showing earnings of $1.20 a share.
After Friday's closing bell, Berkshire Hathaway Inc. (BRKA) (BRKB) reported a drop in third-quarter profit late Friday after the insurance-focused conglomerate run by Warren Buffett suffered big hurricane losses.
Buca Inc. (BUCA) said it will delay the filing of its Form 10-Q for the third quarter due to planned restatements of its first- and second-quarter results. The company had expected to file its 10-Q today, but now plans to file it on Nov. 9. The Minneapolis-based restaurant operator said the restatements should reduce its reported net loss for the first quarter, and have a minimal impact on the reported net loss for the second quarter. The company also said it expects to report third-quarter sales of $63.7 million, and that same-restaurant sales rose 3.2% in the quarter.
Constellation Brands Inc. (STZ) said that Vincor International Inc.'s (VN) rejection of its latest takeover bid demonstrates "inaction" by Vincor's board. Last month, Vincor said the repeat bid of C$31 ($26.19) a share undervalues the company and doesn't take into account future earnings. Constellation said its offer expires on Nov. 28.
Continental Airlines Inc. (CAL) lost about $115 million during the month of October, according to an employee update from Chairman and Chief Executive Officer Larry Kellner.
Auto parts maker Dana Corp. (DCN) said it won't file its third-quarter results with the Securities and Exchange Commission by today's extended filing deadline. The company said it's still completing its financial restatements for 2004 and for the first and second quarters of 2005.
Harrah's Entertainment Inc. (HET) and Starwood Hotels and Resorts Worldwide (HOT) are set to announce Monday that they will get together for a joint "mega venture" destination resort in the Bahamas.
Kronos Worldwide Inc. (KRO) reported third-quarter net earnings of $8 million, or 16 cents a share, down 20% from $10.1 million, or 21 cents a share, during the same period a year ago. The Dallas-based specialty chemical company posted revenue $292.1 million vs. $286.1 million.
Multi-Fineline Electronix Inc. (MFLX) reported fourth-quarter net earnings of $11 million, or 44 cents a share, up 21% from $9.1 million, or 37 cents a share, in the year-ago period. Revenue rose to $110.9 million from $71.6 million. The Anaheim, Calif.-based electronics component maker forecast first-quarter net earnings of $11 million to $12.4 million and revenue in a range of $117 million to $125 million.
Sourcecorp Inc. (SRCP) reported third-quarter net earnings of $20.5 million, or $1.27 a share. During the same period a year ago, Sourcecorp reported a net loss of $677,000, or 4 cents a share. The Dallas-based provider of consulting and outsourcing services posted revenue of $105.5 million vs. $96.7 million.