SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday are Cisco Systems Inc., Symantec Corp. and Walt Disney Co.
Big Five Sporting Goods Corp. (BGFV) is seen posting a first-quarter profit of 18 cents a share, according to analysts polled by Thomson First Call
Comstock Homebuilding Cos. (CHCI) is expected to report first-quarter earnings of 10 cents a share.
ExpressJet Holdings Inc.'s (XJT) first-quarter per-share profit is expected to be 42 cents.
Interpublic Group of Cos. (IPG) is expected to post a loss of 30 cents a share in its first quarter.
Intrawest Corp. (IDR) is seen posting a fiscal third-quarter profit of $1.03 a share.
Legg Mason Inc.'s (LM) fiscal fourth-quarter profit is expected to be $1.25 a share.
Liberty Global Inc. (LBTYA & LBTYB) is expected to post a per-share profit of a penny in its first quarter.
Reliant Energy Inc.'s (RRI) first-quarter per-share loss is expected to be 33 cents.
Southern Union Co. (SUG) is seen posting earnings of 85 cents a share in its first quarter.
After Tuesday's closing bell, Cisco Systems Inc. (CSCO) reported that fiscal third-quarter profit dipped slightly, as the cost of employee stock options and expenses related to its acquisition of Scientific-Atlanta offset higher sales and a tax gain. See After Hours column.
Baidu.com Inc. (BIDU) reported first-quarter net earnings of $4.4 million, or 13 cents per share, vs. 2.5 million yuan last year. Excluding certain items, the profit came in at 16 cents a share. Revenue rose to $16.9 million. Analysts polled by Thomson First Call had forecast earnings of 12 cents a share on revenue of $15 million.
Bob Evans Farms (BOBE) said same-store sales at its Bob Evans restaurants fell 0.6% in April even as its average menu prices rose 3.2%. Same-store sales at its smaller Mimi's Cafe chain rose 1.8%, the company added. "Sales trends at the end of the fiscal month were significantly weaker and in fact this trend has continued in early May," said CEO Steve Davis in the sales report.
CalAmp Corp. (CAMP) reported fiscal fourth-quarter net earnings of $3.47 million, or 15 cents a share, up 7.1% from $3.23 million, or 14 cents a share, during the year-ago period. Revenue at the Oxnard, Calif.-based wireless equipment company fell to $47.8 million from $67.1 million. Two analysts surveyed by Thomson First Call had forecast fourth-quarter earnings of 13 cents a share on revenue of $52 million.
California Pizza Kitchen (CPKI) earned $4.6 million, or 23 cents a share, in its first quarter, up from $4.3 million, or 22 cents a share, in the year-ago period. Excluding expenses related to stock options, the company would have earned 27 cents a share. Revenue came in at $129.7 million, a jump of 17.6%, with same-store sales rising 6.4%. The average estimate of analysts polled by Thomson First Call had been for the company to earn 23 cents a share on sales of $129 million.
Lower costs helped Churchill Downs Inc. (CHDN) cuts its losses in the first quarter while brisk business in off-track betting and video poker in Louisiana helped partly offset a decline in the number of racing days due to hurricane-related disruptions and general softness elsewhere, the company said.
Kerr-McGee Corp. (KMG) announced a 2-for-1 stock split and increased its quarterly dividend 25%, giving back some of the huge windfall profits the energy company has racked up as oil and gas prices fetch record highs.
Multi-Fineline Electronix Inc. (MFLX) said second-quarter net income was $12.5 million, or 49 cents a share, up from $7.9 million, or 32 cents a share, during the same period in the prior year. Analysts polled by Thomson First Call had expected per-share income of 52 cents. Multi-Fineline's quarterly revenue was $123.8 million, up from $77.4 million. Analysts had expected a result of $130 million.
Mylan Laboratories (MYL) reported net income of $57.7 million, or 27 cents a share, compared with $38.1 million, or 14 cents a share, for the same period last year. Revenue rose to $324.6 million, which included revenue from the sale of the company's Apokyn product, from $316.4 million in 2005. A poll of analysts by Thomson First Call estimated the generic drugmaker would have earnings of 25 cents a share, on revenue of $315 million.
Nuance Communications Inc. (NUAN) said the second-quarter net loss was $1.38 million, or a penny a share, compared with a net loss of $1 million, or a penny a share, during the same period in the prior year. On a pro forma basis, the company reported quarterly per-share income of 6 cents, up from 3 cents in the prior year. Analysts polled by Thomson First Call had expected per-share income of 6 cents. Revenue for the second quarter reached $71.7 million, up from $53.1 million. Analysts were looking for a result of $75 million.
Microsoft Corp. (MSFT) said its Xbox 360 system will have a 10-million-unit head start by the time the competition enters the market, and more than 160 game titles by the end of the year. Microsoft Chairman and Chief Software Architect Bill Gates made the announcement at the Electronic Entertainment Expo in Los Angeles. Microsoft also announced plans to bring the Xbox Live game and entertainment network to the Windows platform. By this time next year, Microsoft expects more than 6 million gamers to be connected to the Xbox Live network.
Sina Corp. (SINA) reported first-quarter net earnings of $7.04 million, or 12 cents a share, down from $10.3 million, or 18 cents a share, during the year-ago period. Pro forma earnings were 16 cents a share vs. 20 cents a share. Revenue at the Chinese Internet and wireless media firm rose 1.9% to $46.7 million from $45.8 million a year ago. Analysts polled by Thomson First Call had forecast first-quarter earnings of 15 cents a share on revenue of $46 million. Separately, Sina said Chief Executive Yan Wang has resigned. The company named Charles Chao to succeed him.
Symantec Corp. (SYMC) said its quarterly profit eased slightly on high expenses, while revenue soared following its acquisition of Veritas Software and on strong performance across its businesses.
Transmeta Corp. (TMTA) said the first-quarter net loss was $1.65 million, or a penny a share, compared with a net loss of $21.1 million, or 11 cents a share, during the same period in the prior year. Transmeta said quarterly revenue was $19.5 million, up from $6.85 million in the prior year. In addition, Transmeta said Mark Kent, chief financial officer, is resigning.
URS Corp. (URS) said first-quarter net income was $24.2 million, or 47 cents a share, compared with $20.1 million, or 45 cents a share, during the same period in the prior year. Analysts polled by Thomson First Call had expected per-share income of 44 cents. The provider of engineering and technical services said quarterly revenue was $998.1 million, up from $922 million. Analysts were looking for a result of $981 million.
Walt Disney Co. (DIS) reported second-quarter net income rose thanks to gains at its ESPN unit that overcame lackluster performance at its consumer products and studio divisions.
Weight Watchers International Inc. (WTW) said first-quarter net income rose to $57 million, or 56 cents a share, from $51.6 million, or 49 cents a share. Excluding the impact of stock-based compensation, Weight Watchers said it earned 58 cents a share in the quarter. Net revenue rose to $342 million from $330 million. Analysts, on average, expected it to earn 55 cents a share on revenue of $362 million, according to Thomson First Call.
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