SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are TiVo Inc., Network Appliance Inc. and Petco Animal Supplies.
AutoZone Inc. (AZO) is expected to report third-quarter per-share income of $1.95, according to analysts surveyed by Thomson First Call.
Dollar Tree Stores Inc. (DLTR) is seen reporting earnings per share of 30 cents for the first quarter.
Fred's Inc. (FRED) is expected to post first-quarter per share income of 17 cents.
Michaels Stores Inc. (MIK) could report per-share income for the first quarter or 38 cents, according to analysts.
Network Appliance (NTAP) is seen reporting a fourth-quarter profit of 23 cents per share.
Opsware Inc. (OPSW) is seen posting a per-share loss of a penny for the first quarter.
Payless ShoeSource Inc. (PSS) could report first-quarter earnings per share of 40 cents.
Petco Animal Supplies (PETC) is seen reporting an 18-cent result for first-quarter earnings per share.
TiVo (TIVO) is expected to report first-quarter revenue of $51 million.
Williams-Sonoma Inc. (WSM) is seen posting per-share income for the first quarter of 17 cents.
After Tuesday's closing bell, Medtronic Inc. (MDT) said double-digit sales increases in six of the company's seven business lines helped the medical-device maker nearly quadruple its fourth-quarter earnings. See full story.See After Hours column.
Computer Sciences Corp. (CSC) said its quarterly net profit was more than halved from year-earlier results as charges weighed on the bottom line. See full story.
Vonage Holdings Corp.'s (VG) initial public offering of 31.25 million shares priced at $17 each late Tuesday, raising $531.25 million. The pricing hit the middle of the expected range of $16 to $18. See full story.
AFC Enterprises Inc. (AFCE) said first-quarter income plummeted primarily due to discontinued operations related to the sale of its Church's Chicken brand. The company said quarterly net income was $5.8 million, or 19 cents a share, compared with $146.1 million, or $5.04 a share, during the same period in the prior year.
Ansoft Corp. (ANST) said an income tax benefit helped boost fourth-quarter net income to $8.27 million, or 32 cents a share, up from $4.74 million, or 18 cents a share, during the same period in the prior year. Fourth-quarter revenue was $24.7 million, up from $21.7 million.
Avocent Corp. (AVCT) said its board has approved buying back up to 3 million shares. The networking company expects to use the repurchased shares to offset a portion of the stock to be issued in connection with Avocent's $416 million acquisition of LANDesk.
Borders Group (BGP) said the costs of strategic initiatives and a challenging sales environment left the bookseller with a loss of $18.9 million, or 29 cents a share, for the first quarter. Total sales rose 1.5% to $860 million while same-store sales edged up 0.7%.
Computer Sciences Corp. (CSC) Chairman and Chief Executive Van Honeycutt said the company's grants of stock options to staff have been "appropriately authorized in compliance with all applicable rules and regulations."
Donaldson Co. (DCI) said it has approved a plan to repatriate an additional $80 million of foreign earnings in fiscal 2006, resulting in a tax charge of $3.6 million, or 4 cents a share, in the fourth quarter.
Dycom Industries Inc. (DY) reported a third-quarter net loss of $6.5 million, or 16 cents a share, hurt by a $14.8 million impairment charge for its underperforming Can Am Communications unit. In the same quarter last year, the Palm Beach Gardens, Fla., specialty contracting services provider posted a profit of $13.71 million, or 28 cents a share.
EnerSys (ENS) said it expects to record fourth-quarter earnings of 25 cents a share on revenue of $353 million.
Forward Air Corp. (FWRD) said the company's controller has been promoted to the top finance job at the cargo transportation specialist. Rodney Bell, who had been chief accounting officer and controller, will become chief financial officer as of June 2. Chief Financial Officer Andrew Clarke is resigning.
Gannett Co. (GCI) said it has agreed to sell $750 million of floating rate notes due 2009 and $500 million of 5.75% notes due 2011 in a public offering.
GenVec Inc. (GNVC) said a clinical study of its investigational drug TNFerade has demonstrated its potential utility in treating patients with esophageal cancer.
Given Imaging (GIVN) said that Olympus Corp. (OCPNY) and two of its units have filed a complaint against the company in a U.S. District Court, alleging patent infringement.
Harris Corp. (HRS) said it has agreed to acquire Aastra Technologies Ltd. (AAH) unit Aastra Digital Video for $35 million in cash. Harris added that it sees the transaction adding to fiscal 2007 per-share income, excluding related charges.
Newspaper publisher McClatchy Co. (MNI) said it's agreed to sell the Philadelphia Inquirer and the Philadelphia Daily News to Philadelphia Media Holdings LLC, a group of local investors, for $562 million.
Moldflow Corp. (MFLO) said it has authorized the buyback of up to 600,000 of its common shares.
Palm Harbor Homes Inc. (PHHM) reported fourth-quarter net earnings of $3.2 million, or 14 cents a share, up 60% from $1.99 million, or 9 cents a share in the year-ago period. Revenue at the Dallas-based company rose 22% to $180.3 million from $147.7 million.
Peerless Manufacturing Co. (PMFG) said Sherrill Stone will retire as president and chief executive effective June 30. Stone will continue to serve as chairman, the Dallas-based company said.
Phillips-Van Heusen Corp. (PVH) said strength in its Calvin Klein brand helped boost first-quarter net income to $48.7 million, or 87 cents a share, up from $25 million, or 46 cents a share, during the same period in the prior year. First-quarter revenue reached $506.4 million, up from $472.1 million in the prior year.
RenaissanceRe Holdings Ltd. (RNR) named Fred Donner chief financial officer. Donner is joining the Bermuda-based insurer after 22 years at KPMG LLP, where he most recently served as senior audit partner.
The Federal Trade Commission has given Reynolds American (RAI) the OK to acquire chewing-tobacco firm Conwood. The $3.5 billion acquisition is still expected to close in the second quarter.
Sonic Solutions Inc. (SNIC) reported fourth-quarter net earnings of $2.09 million, or 8 cents a share, up 50% from $1.4 million, or 5 cents a share, in the year-ago period. Revenue at the Novato, Calif.-based company rose to $40.4 million from $35.6 million.
Starwood Hotels & Resorts Worldwide Inc. (HOT) said it still expects 2006 per-share adjusted income of $2.28 on the assumption that revenue per available room rises 9% to 11%. Starwood sees annual per-share income growth through 2009 of 20% to 23%.
VA Software Corp. (LNUX) said strong revenue growth led by its media business helped the company swing to a third-quarter profit of $997,000, or 2 cents a share. During the same period in the prior year, VA reported a net loss of $1.38 million, or 2 cents a share. It also said Kathleen McElwee is resigning as chief financial officer, effective June 9.
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