SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are BMC Software Inc., H&R Block Inc. and Novellus Systems Inc.
Catalyst Semiconductor (CATS) is expected to report fourth-quarter per-share income of 6 cents, according to the two analysts polled by Thomson First Call.
Hayes Lemmerz (HAYZ) is expected to report results.
Luby's Inc. (LUB) is seen posting third-quarter earnings per share of 16 cents, according to two analysts.
National Semi (NSM) is expected to per-share income for the fourth quarter of 38 cents.
Neomagic (NMGC) is expected to report results tomorrow.
Shuffle Master (SHFL) is seen posting second-quarter earnings per share of 22 cents.
Smithfield Foods (SFD) is expected to post earnings per share for the fourth quarter of 7 cents.
Source Interlink Cos. (SORC) is seen reporting first-quarter per-share income of 9 cents.
Take-Two Interactive Software (TTWO) is seen posting a per-share loss for the second quarter of 11 cents.
On Wednesday, Wal-Mart Stores Inc. (WMT) said David Glass, the company's former president and chief executive, has stepped down from the board's executive and stock-option committees. Christopher Williams, an independent director, is replacing Glass on the executive committee. Glass, who remains on the board, will not be replaced on the stock option committee.
After the closing bell, McClatchy Co. (MNI) said it was divesting another five newspapers that it recently acquired in its $6.5 billion deal to buy the assets of Knight Ridder Inc. (KRI).
H&R Block (HRB) reported a 4 percent decline in quarterly net income as the profitability of the company's mortgage services business deteriorated.
Abraxis Bioscience Inc. (ABBI) said Abraxane, its protein-bound particle chemotherapy drug, has received Canadian approval for the treatment of metastatic breast cancer.
Analog Devices Inc. (ADI) said it would purchase Integrant Technologies Inc. for $127 million in cash, and could pay up to an additional $33 million if Integrant makes certain performance milestones.
BMC (BMC) forecast a fiscal 2007 profit of between $1.22 and $1.32 a share. Houston-based BMC said it expects revenue to rise in the low- to mid-single digits. The Wall Street estimate is for a 2007 profit of $1.16 a share on revenue of $1.55 billion, which would imply a 3.6 percent rise.
Three of Brinker International Inc.'s (EAT) four branded chains suffered a drop in same-store store sales last month but the restaurant operator nonetheless reaffirmed its earnings targets for the rest of this fiscal year and next.
Ceres Group Inc. (CERG) said it has received early termination of the Hart-Scott-Rodino waiting period for antitrust review in connection with its pending acquisition by Great American Financial Resources Inc. (GFR) .
Dynamex Inc. (DDMX) said higher third-quarter sales helped boost net income to $3.21 million, or 29 cents a share, from $2.73 million, or 23 cents a share, during the same period in the prior year.
Electroglas Inc. (EGLS) said it expects fourth-quarter revenue will be $13 million to $14 million, compared with its prior view of $14 million to $16 million.
Finisar Corp. (FNSR) reported fourth-quarter net earnings of $1.69 million, or a penny a share. During the same period a year ago, Finisar posted a net loss of $37.8 million, or 15 cents a share.
FuelCell Energy Inc. (FCEL) said second-quarter costs and expenses increased as the net loss widened to $18.1 million, compared with a net loss of $15.2 million during the same period in the prior year.
Furniture Brands International Inc. (FBN) reaffirmed its previous second-quarter outlook of per-share earnings between 29 cents and 33 cents. Analysts polled by Thomson First Call are currently looking for earnings of 36 cents a share for the quarter.
General Dynamics (GD) announced a 10-million-share buyback, or 2.5 percent of the almost 404 million shares outstanding.
Harris Interactive Inc. (HPOL) said it's closing two United Kingdom facilities, and reducing staff by 10 to 15 employees by June 30. The Rochester, N.Y. based research firm sees recording pre-tax restructuring charges of $300,000 to $350,000 during its fourth fiscal quarter.
Hooker Furniture Corp. (HOFT) said it's closing its Roanoke, Va. facility, which employs 275 workers, by the end of August. Hooker said it will offer a severance package of $2 million to $2.2 million, and sees reducing fixed operating expenses by $2 million to $2.5 million per year.
Las Vegas Sands Corp. (LVS) named Robert Rozek chief financial officer. The casino operator added that Scott Henry, who has been serving as CFO, is assuming the position of senior vice president, finance.
Merck & Co. (MRK) said the Food and Drug Administration has granted priority review to the new drug application for Zolinza, an investigational lymphoma treatment.
Novellus (NVLS) raised its second-quarter sales forecast to between $400 million and $410 million. The chip-technology company said its results are being helped by demand for NAND and DRAM memory chips that are used in consumer electronic devices.
Procter & Gamble Co. (PG) said it still expects its sales to grow between 20 percent and 24 percent in its fiscal fourth quarter while earnings per share should come in between 52 cents and 54 cents.
Standard & Poor's late Wednesday said that Palm Inc. (PALM) will replace Anteon International Inc. (ANT) in the MidCap 400 index after the close of trading on Thursday.
Xilinx Inc. (XLNX) said a shareholder has filed a complaint, purportedly on behalf of the company, against members of the Xilinx's board, and certain officers. The complaint alleges, among other issues, that the defendants mismanaged corporate assets and breached their fiduciary duties since 1998 by authorizing or failing to halt the back-dating of certain stock options.
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