Stocks to Watch, June 1: Heinz and Pathmark

SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Kellwood Co., Pall Corp. and Pathmark Stores Inc.

Brown-Forman Corp. (BF.B) is seen posting fourth-quarter per-share income of 54 cents, according to analysts polled by Thomson first Call.

Ciena Corp. (CIEN) is expected to report a per-share loss for the second quarter of a penny.

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Dollar General Corp. (DG) is seen reporting earnings per share of 16 cents for the first quarter.

H.J. Heinz Co. (HNZ) is expected to report per-share income for the fourth quarter of 49 cents.

Jackson Hewitt Tax Service Inc. (JTX) is seen posting $1.62 for fourth-quarter earnings per share.

Kellwood (KWD) is expected to report first-quarter per-share income of 15 cents.

Movado Group Inc. (MOV) is expected to report first-quarter per-share income of 2 cents.

Pall (PLL) is seen reporting per-share income for the third quarter of 38 cents.

Pathmark (PTMK) is expected to post first-quarter losses per share 7 cents.

SeaChange International Inc. (SEAC) is seen posting a first-quarter per-share loss of 8 cents.

Wind River Systems Inc. (WIND) is seen reporting earnings per share for the first quarter of 4 cents.

On Wednesday, Sun Microsystems Inc. (SUNW) said it will cut 4,000 to 5,000 jobs over the next six months and sell one of its California office parks in a major restructuring to save the troubled maker of computer servers up to $590 million a year. See full story.See After Hours column.

Novell Inc. (NOVL) said it improved to a quarterly profit as lower taxes and operating expenses more than offset a 6.3% slump in revenue, yet shares fell after the corporate software firm updated its financial forecast to reflect the sale of a unit. See full story.

The Federal Communications Commission rejected a request by CBS Corp. (CBS) to reconsider the $550,000 indecency fine leveled against the network over an incident that occurred during the telecast of Super Bowl XXXVIII two years ago, when part of singer Janet Jackson's breast was bared during a halftime show in what was described as a wardrobe malfunction. See full story.

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Aeropostale (ARO) said sales at stores open longer than a year slipped 1.1% last month. A year ago, same-store sales, an important industry measure, were off 4.9%.

Alderwoods Group Inc. (AWGI) said its shareholders have voted to adopt the plan for Service Corporation International's (SCI) proposed $856 million acquisition of Alderwoods.

American Eagle Outfitters (AEOS) said total sales for May rose 19% to $168.8 million, up from $141.6 million for the same month of 2005. Same-store sales, or sales at stores open more than one year, climbed 11% — surpassing the 9.3% average estimate of analysts polled by Thomson First Call.

Brooks Automation Inc. (BRKS) said it has been notified that a shareholder lawsuit was filed against the company and certain of its directors and former directors. The lawsuit alleges breaches of fiduciary duties and unjust enrichment in connection with certain prior stock-option grant practices.

Citi Trends Inc. (CTRN) said its same-store sales rose 10.8% for the 4-week period ended May 27, compared with an 11.1% increase during the year-ago period.

Copart Inc. (CPRT) reported third-quarter net earnings of $34.7 million, or 37 cents a share, compared with $30.9 million, or 33 cents a share, during the year-ago period.

Cree Inc. (CREE) said its Japanese distributor, Sumitomo Corp. , has agreed to purchase $180 million of Cree's light-emitting diode and wafer products during fiscal 2007.

Delta Air Lines Inc. (DALRQ) reported a net loss of $27 million in the month of April, compared with a net loss of $163 million in April 2005. The Atlanta-based airline's net income before reorganization items was $22 million for the month.

Specialty apparel retailer Dress Barn Inc. (DBRN) said sales at stores open at least a year rose 9% in May compared with the same month in 2005.

Gibraltar Industries Inc. (ROCK) said it has agreed to sell the assets of its thermal processing unit to certain funds managed by investment advisor GSO Capital Partners LP for $135 million in cash, and the assumption of certain liabilities.

Hot Topic Inc. (HOTT) said sales at stores open longer than a year, a key industry measure known as same-store sales, tumbled 6% last month.

Hovnanian Enterprises Inc. (HOV) reported second-quarter net income of $103.6 million, or $1.55 a share, lower than $106.1 million, or $1.62 a share, during the same period in the prior year. Quarterly revenue reached $1.57 billion, up from $1.21 billion in the prior year.

Men's Wearhouse Inc. (MW) said total sales for May grew 9% to $157.6 million. Same-store sales, or sales at stores open more than a year, rose 5% in the U.S. and 7.4% in Canada.

NCI Building Systems Inc. (NCS) said sales helped boost second-quarter net income to $11.2 million, or 51 cents a share, up from $10.7 million, or 51 cents a share, during the same period in the prior year.

99 Cents Only Stores (NDN) said it has filed reports for all of 2005's quarters. Adjustments for the first three calendar quarters reduced reported net income to $7 million from $8.3 million. For the calendar fourth quarter, 99 Cents Only reported net income of $6.3 million, or 9 cents a share, compared with $8.7 million, or 12 cents a share, during the same period in the prior year.

Sigma Designs Inc. (SIGM) said higher revenue helped narrow the first-quarter net loss to $562,000, or 3 cents a share, compared with a net loss of $717,000, or 3 cents a share, during the same period in the prior year.

State Street Corp. (STT) plans to record a non-cash charge of $50 million, or 15 cents a share, during the second quarter of 2006, according to a filing with the Securities and Exchange Commission after the closing bell on Wednesday.

Wilsons The Leather Experts Inc. (WLSN) said same-store sales for May decreased 9.1%, compared with an 11% increase during the same period in the prior year.

Zumiez Inc. (ZUMZ) said same-store sales for May rose 18.2%, compared with a rise of 10.2% during the same period in the prior year.