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Stocks to Watch, Jan. 4: Monsanto Co., Merix Corp

By MarketWatch
Published | Updated

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Monsanto Co., Merix Corp and Sonic Corp.

Burlington Coat Factory (BCF) is expected to report fiscal second-quarter earnings of $1.10 a share, according to two analysts polled by Thomson First Call.

Greenbrier Cos. Inc. (GBX) is seen posting fiscal first-quarter earnings of 37 cents a share.

Monsanto Co.'s (MON) fiscal first-quarter results are expected to show a per-share profit of 19 cents.

Sonic Corp. (SONC) is expected to post a profit of 27 cents a share in its fiscal first quarter.

After Tuesday's closing bell, Merix Corp. (MERX) reported a fiscal second-quarter net loss of $2.34 million, or 12 cents a share. In the same period last year, the company reported net earnings of $681,000, or 4 cents a share. On a pro forma basis, earnings came in at 3 cents a share compared with 2 cents a share last year. Revenue at the Forest Grove, Ore.-based printed circuit board manufacturer rose to $61.7 million from $43.2 million a year ago, and gross margin was 12% vs. 13.1%. Analysts polled by Thomson First Call had estimated a loss of 3 cents a share on revenue of $61 million.

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AMR Corp.'s (AMR) American Airlines reported a 4.6% rise in December traffic, to 11.49 billion revenue passenger miles. Load factor, or the percentage of a plane filled with passengers, increased by 4.3 percentage points to 78.9%, while the carrier's capacity fell 1.1% to 14.55 billion available seat miles. AMR's American Eagle Airlines, meanwhile, said December traffic rose 23.8% to 708.3 million revenue passenger miles, while load factor rose 5.9 percentage points to 71.6%. Capacity increased 13.7% to 989.5 million available seat miles.

Bed Bath & Beyond Inc. (BBBY) named Eugene Castagna chief financial officer and treasurer, succeeding Ronald Curwin, who has been named to the new position of senior vice president of investor relations. The Union, N.J.-based retailer also named Arthur Stark as president. Stark also remains chief merchandising officer.

C-Cor Inc. (CCBL) said it will lay off 225 employees in a corporate restructuring. In a move to reduce expenses, the State College, Pa.-based company plans to relocate processes from Wallingford, Conn., to its Tijuana, Mexico, facility, and close its Sunnyvale, Calif., location. C-Cor expects to record non-cash asset impairment charges of $7 million to $9 million in the second quarter, and restructuring charges of $5 million to $6 million through the remainder of fiscal year 2006.

Intermagnetics General Corp. (IMGC) reported second-quarter net earnings of $6.84 million, or 24 cents a share, compared with $4.13 million, or 15 cents a share, during the year-earlier quarter. The provider of magnetic resonance imaging products said the quarter's normalized net income was 30 cents, compared with 24 cents last year. Intermagnetics reported quarterly revenue of $78.1 million, compared with $66.2 million last year.

Newell Rubbermaid Inc. (NWL) said it has completed the previously announced sale of its Newell Cookware Europe business to Arc International SA. Financial terms weren't disclosed. Atlanta-based Newell Rubbermaid said it still expects to record a net loss of $25 million to $35 million in 2005, with $23 million of the loss recorded as a non-cash impairment charge in the third quarter.

Papa John's International (PZZA) said its December domestic same-store sales in increased 4.8% compared with the same period a year ago. The Louisville, Ky.-based pizza chain said fourth-quarter domestic same-store sales were up 6.4%.

RadiSys Corp. (RSYS) said it now expects fourth-quarter earnings of 13 cents to 15 cents a share on revenue of $62 million. The new forecast includes an estimated tax benefit of 4 cents a share. The Hillsboro, Ore.-based company had previously forecast earnings of 12 cents to 14 cents a share on revenue of $68 million to $72 million. Analysts polled by Thomson First Call are estimating fourth-quarter earnings of 13 cents a share on revenue of $69 million to $71 million.

UAL Corp.'s (UALAQ) United Airlines said December traffic rose 0.5% to 9.45 billion revenue passenger miles from 9.4 billion revenue passenger miles a year ago. Load factor, or the percentage of a plane filled with passengers, increased 2.3 percentage points to 80%. Capacity dropped 2.3% to 11.8 billion available seat miles from 12.1 billion available seat miles.