SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Friday's session are Expedia Inc., Nvidia Corp. and Kohl's Corp.
After Thursday's closing bell, Expedia Inc. (EXPE) reported first-quarter net earnings of $23.3 million, or 6 cents a share, compared with $48 million, or 14 cents a share, during the year-ago period. Adjusted net income was $57 million, or 15 cents a share, vs. $93 million, or 27 cents a share. Revenue at the Bellevue, Wash.-based online travel services company rose 1.8 percent to $493.9 million from $485 million. Analysts polled by Thomson First Call had forecast first-quarter revenue of $544 million.
Analog Devices Inc. (ADI) said second-quarter net income was $145.8 million, or 39 cents a share, compared with $117.6 million, or 31 cents a share, during the same period in the prior year. Analysts polled by Thomson First Call had expected per-share income of 40 cents. Quarterly revenue was $643.9 million, compared with $603.7 million in the prior year. Analysts were looking for a result of $644 million.
Bausch & Lomb Inc. (BOL) notified the Securities and Exchange Commission that it plans to delay its quarterly filing for the period ended April 1. Bausch & Lomb said it sees reducing revenue and income for historical period following several reviews.
Big 5 Sporting Goods Corp. (BGFV) reported first-quarter net earnings of $5.94 million, or 26 cents a share, down 7.3 percent from $6.41 million, or 28 cents a share, during the year-ago period. The El Segundo, Calif.-based sporting goods retailer posted revenue of $207.2 million vs. $190.1 million. Analysts surveyed by Thomson First Call had forecast first-quarter earnings of 18 cents a share on revenue of $203 million. Also, the company increased its annual cash dividend 29 percent to 36 cents from 28 cents a share. In addition, Big 5 authorized the buyback of up to $15 million of its shares.
Delta Air Lines Inc.'s (DALRQ) first-quarter net loss widened to $2.07 billion from $1.07 billion during the same period in the prior year, company officials said.
H&E Equipment Services Inc. (HEES) reported first-quarter net earnings of $9.87 million, or 29 cents a share, up from $951,000, or 4 cents a share, in the year-ago period. Revenue at the Baton Rogue, La.-based company rose 42 percent to $182.2 million from $128.6 million.
Holly Corp. (HOC) said it has approved a 2-for-1 stock split, payable in the form of a stock dividend on June 1 to shareholders of record as of May 22. The Dallas-based independent petroleum refiner and marketer also increased its quarterly cash dividend 60 percent on a post-split basis to 8 cents from 5 cents a share, or 10 cents before the stock split. The dividend is payable July 3 to shareholders as of June 22.
Hub Group Inc. (HUBG) said its board approved a two-for-one stock split of the company's Class A shares. As part of the split, which will be effective June 6, investors who own the company's Class B shares will receive a dividend of one Class A share for each Class B share owned.
Jackson Hewitt Tax Service Inc. (JTX) said it prepared 3.66 million tax returns in fiscal 2006, up 10.2 percent from a year ago, as average revenues per return rose by 13.5 percent. As a result, the Parsippany, N.J.-based company raised its fiscal 2006 per-share earnings forecast to a range of $1.57 to $1.59 from $1.51 to $1.56. It also raised its fiscal 2006 revenue forecast to a range of $273 million to $275 million from $260 million to $265 million. Excluding certain items, the company expects a per-share profit of $1.65 to $1.67. Analysts polled by Thomson First Call are forecasting earnings of $1.57 a share on revenue of $262 million.
Kohl's Corp. (KSS) said first-quarter earnings climbed by a third and raised its full-year earnings forecast, benefiting from a surge in same store sales in April.
Manugistics Group Inc. (MANU) said it improved to a profit in its fiscal fourth quarter on lower expenses. The company earned $3.4 million, or 4 cents a share, reversing a loss of $17.2 million, or 21 cents a share, a year earlier. After stripping out non-recurring items, Manugistics would have earned $4.6 million, or 6 cents a share, up from a year-ago loss of $2.2 million, or 3 cents a share, on the same basis. Revenue ticked up to $46 million from $45.2 million as license revenue jumped 23 percent during the period ended Feb. 28. Wall Street analysts, on average, expected the maker of supply-chain management software would earn 3 cents a share on revenue of $43.3 million, according to a Thomson First Call survey.
Nvidia Corp. (NVDA) reported its first-quarter net income rose to $90.7 million, or 23 cents a share, up from $64.4 million, or 18 cents a share, in the same period last year. Sales rose 17 percent to $681.8 million. Based in Santa Clara, Calif., Nvidia makes graphics chips used in desktops and laptop computers and video games.
Pacific Sunwear of California (PSUN) earned $11.9 million, or 16 cents share, in its first quarter, down from $17.6 million, or 23 cents, in the year-ago period. Total sales came in at $299.9 million, up 7.1 percent, but same-store sales fell 1.8 percent. The average estimate of analysts polled by Thomson First Call had been for the company to earn 16 cents a share on revenue of $301 million. For the current quarter, and "assuming a low- to mid-single-digit" same-store sales increase, Pacific Sunwear aid it should earn 26 cents to 28 cents a share versus the current Wall Street view of 28 cents.
The Pep Boys - Manny, Moe & Jack (PBY) said the first-quarter pro forma loss was $922,000, or 2 cents a share, compared with a loss of $2.47 million, or 4 cents a share, during the same period in the prior year. Analysts polled by Thomson First Call had expected a per-share loss of 3 cents. Quarterly revenue for the automotive aftermarket retail and service chain was $555.9 million, down from $563.5 million. Analysts were looking for a result of $572 million.
Online brokerage TD Ameritrade Holding Corp. (AMTD) reported that it handled an average of 278,000 trades a day in April. In February, the last time the online broker reported comparable data, customers traded on average 276,000 times a day.
Threshold Pharmaceutical Inc. (THLD) said the Food and Drug Administration has placed its TH-070 clinical development program for benign prostatic hyperplasia on partial hold. The FDA's action follows abnormalities observed in liver enzyme levels in six subjects in ongoing clinical trials, including three "serious adverse event" at three months of dosing.
Copyright (c) 2006 MarketWatch, Inc.