SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Tuesday's session are McDonald's Corp., Texas Instruments Inc., 3M Co., Northrop Grumman Corp., and EMC Corp.
3M Co. (MMM) is expected to report fourth-quarter earnings of $1.03 a share, according to analysts polled by Thomson First Call.
Computer Associates International (CA) is seen posting fiscal third-quarter earnings of 24 cents a share.
Corning Inc.'s (GLW) fourth quarter is expected to show a per-share profit of 22 cents.
DuPont (DD) fourth-quarter results are expected to show earnings of 10 cents a share
EMC Corp. (EMC) is seen reporting earnings of 17 cents a share in its fourth-quarter.
Johnson & Johnson's (JNJ) fourth quarter is expected to show earnings of 74 cents a share
Kimberly Clark Corp. (KMB) is expected to post earnings of 95 cents a share in its fourth quarter.
Lucent Technologies Inc.'s (LU) fiscal first-quarter earnings are expected to be 4 cents a share.
McDonald's Corp. (MCD) is seen reporting a fourth-quarter profit of 48 cents a share.
New York Times Co. (NYT) is expected to post a per-share profit of 60 cents in its fourth quarter.
Northrop Grumman Corp.'s (NOC) fourth quarter is expected to show earnings of 83 cents a share.
Sun Microsystems Inc. (SUNW) is expected to post a fiscal second-quarter loss of a penny a share.
After Monday's closing bell, Texas Instruments Inc. (TXN) said fourth-quarter net income rose 34% from a year-ago, boosted by higher sales of chips used in mobile phones and reduced manufacturing costs. See full story. See After Hours column.
Watch List
Ariba Inc. (ARBA) reported a fiscal first-quarter net loss of $3.7 million, or 6 cents a share, compared with a loss of $46.8 million, or 75 cents a share, a year ago. Excluding charges, the company would have reported a profit of $10.2 million, or 14 cents a share. Revenue fell 12% to $76.2 million from $86.9 million. Analysts surveyed by Thomson First Call expected Ariba report earnings of 7 cents a share on revenue of $76 million.
Avaya Inc. (AV) , a maker of corporate-phone systems, said fiscal first-quarter profit doubled, aided by overseas sales and a onetime tax benefit. See full story.
Crane Co. (CR) posted a higher fourth-quarter profit, pinning the gains on strong aircraft orders and improved performance by its fluid handling and materials businesses. See full story.
Dofasco Inc. (DFS) said its board has terminated its support agreement with ThyssenKrupp AG after ThyssenKrupp said it won't match Arcelor S.A.'s C$71 ($61.75) a share acquisition offer. The Canadian steel giant also said a breakup fee of C$215 million has become payable upon the termination of the agreement. ThyssenKrupp said it will maintain its offer price of C$68 a share and not extend the expiration date of beyond Thursday.
Engelhard Corp.'s (EC) board of directors unanimously rejected German chemical giant BASF's (BF) bid to acquire the company for $37 a share, calling the offer "inadequate" and "opportunistic." See full story.
E-Trade Financial Corp. (ET) said its quarterly net income jumped 44%, driven by a surge jump in net interest income and growth in stock trading by individual investors. See full story.
Kerr-McGee Corp. (KMG) has agreed to sell all its interest in oil and natural gas properties on the Gulf of Mexico shelf to W&T Offshore Inc. (WTI) for $1.34 billion in cash, the companies said. The transaction is effective Oct. 1, 2005, and is expected to close in the first half of 2006. Houston-based Kerr-McGee expects net after-tax cash proceeds of $925 million.
KLA-Tencor Corp. (KLAC) said it has withdrawn its February 2005 offer to acquire August Technology Corp. (AUGT) for $11.50 per share in cash. San Jose, Calif.-based KLA-Tencor said the two companies were unable to enter into substantive discussions and reach a final agreement.
Lone Star Technologies Inc. (LSS) reported fourth-quarter net earnings of $70.9 million, or $2.28 a share, compared with $34 million, or $1.15 a share, during the same period a year ago. The Dallas-based tubing manufacturer posted revenue of $337.5 million vs. $268.6 million. Analysts polled by Thomson First Call had forecast fourth-quarter earnings of $1.94 a share on revenue of $333 million.
McAfee Inc.'s (MFE) predicted quarterly results would fall short of both the company's own prior outlook and the average of estimates on Wall Street. See full story.
Neurocrine Biosciences Inc. (NBIX) reported a fourth-quarter net loss of $23.9 million, or 65 cents a share, vs. a net loss of $20.6 million, or 57 cents a share, in the year-ago period. Revenue at the San Diego-based biopharmaceutical company fell 31%, to $14.1 million from $18.5 million. Analysts polled by Thomson First Call had forecast a loss of 70 cents a share.
Food packaging giant Pactiv Corp. (PTV) reported a slight drop in fourth-quarter net income, with improved sales and higher prices clipped by even faster rising raw materials costs. See full story.
Swift Transportation Co. (SWFT) , a Phoenix-based trucking company, said fourth-quarter net income was $39.3 million, or 53 cents a share, compared with $36.8 million, or 50 cents a share, during the year-earlier period. See full story.
Vitesse Semiconductor Corp. (VTSS) reported a first-quarter net loss of $14.1 million, or 6 cents a share, compared with a net loss of $17.2 million, or 8 cents a share, during the same period last year. The Camarillo, Calif.-based company said the pro forma per-share loss was 4 cents, matching last year's pro forma results. Analysts polled by Thomson First Call had expected a per-share loss of 2 cents. The company reported quarterly revenue was $53 million, compared with $44.5 million last year. Analysts were looking for revenue of $53 million.
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