SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Thursday's session are Tyco International Ltd, Electronic Arts Inc., Starbucks Corp. and Univision Communications Inc.
Ameren Corp. (AEE) is expected to report first-quarter earnings of 53 cents a share, according to analysts polled by Thomson First Call.
CVS Corp. (CVS) is seen posting a first-quarter profit of 38 cents a share.
DirecTV Group Inc.'s (DTV) first-quarter per-share profit is expected to be 10 cents.
Eastman Kodak Co. (EK) is expected to post first-quarter earnings of 5 cents a share.
Estee Lauder Cos. (EL) is seen posting earnings of 39 cents a share in its fiscal third quarter
International Paper Co.'s (IP) first-quarter results are expected to show earnings of 15 cents a share.
McKesson Corp. (MCK) is expected to report fiscal fourth-quarter earnings of 68 cents a share.
Tyco International Ltd. (TYC) is seen posting a fiscal second-quarter profit of 42 cents a share.
Univision Communications Inc.'s (UVN) first-quarter per-share profit is expected to be 15 cents.
Williams Cos. (WMB) is expected to post a fiscal second-quarter profit of 21 cents a share.
After Wednesday's closing bell, Electronic Arts Inc. (ERTS) swung to a fiscal fourth-quarter loss on a soaring tax bill and issued a forecast for the coming fiscal year that was well below Wall Street expectations.
Aeropostale (ARO) said Easter shopping helped boost sales at stores open longer than a year 8.4% last month. Though its total sales for the fiscal first quarter climbed 16.4% to $246.3 million, it was not enough. The company tempered its first-quarter profit projection to the mid- to low-end of its per-share range of 14 cents to 16 cents.
Amerada Hess Corp. (AHC) declared a 3-for-1 stock split and said shareholders have approved the change of its corporate name to "Hess Corp." The additional shares will be distributed May 31 to shareholders of record as of May 17, the New York-based energy company said. To reflect the name change, the company's stock symbol will be changed to "HES," and shares will begin trading under the new symbol on May 9.
Andersons Inc. (ANDE) reported first-quarter net earnings of $3.84 million, or 49 cents a share, compared with $1.03 million, or 14 cents a share, during the year-ago period. The Maumee, Ohio-based diversified agribusiness and retailing company posted revenue of $280.7 million vs. $258.7 million. Additionally, Andersons said it expects 2006 earnings of $3.40 to $3.80 a share.
Connetics Corp. (CNCT) reported preliminary first-quarter net earnings of $768,000, or 2 cents a share, on revenue of $47.7 million. The Palo Alto, Calif.-based specialty pharmaceutical company said it plans to restate certain past financial results, including the year-ago quarter, to reflect an increased rebate reserve. The company said it expects second-quarter earnings of 7 cents to 9 cents a share, or 11 cents to 13 cents a share on a pro forma basis, on revenue of $50.5 million to $52.5 million.
Consolidated Edison Inc. (ED) reported a net profit for the first quarter that was unchanged from a year ago, with rising fuel and other operating costs erasing gains from higher sales.
Hot Topic Inc. (HOTT) said its April sales at stores open at least one year fell 6.5%. Net sales for the four weeks ended April 29 rose 6% to $46.4 million. The company also reiterated its previous first quarter forecast of a loss in the range of 1 cent to 4 cents a share. Analysts, on average, expect it to post a loss of 2 cents a share, according to Thomson First Call.
McDermott International Inc. (MDR) said that its quarterly net income more than doubled to surpass analyst expectations. Houston-based McDermott reported first quarter net income of $54.1 million, or 72 cents a share, versus $22.4 million, or 32 cents a share in the year-ago quarter. Sales jumped almost 50% to $644.9 million from $436 million a year ago. Analysts polled by Thomson First Call were expecting earnings of 50 cents a share on revenue of $608.3 million.
JDSU Corp. (JDSU) said it swung to a profit for its fiscal third quarter, helped by a one-time investment gain, while revenue nearly doubled thanks to an acquisition.
Priceline.com Inc. (PCLN) reported a first-quarter net loss of $99,000. Priceline reported a net loss applicable to common shareholders of $964,000, or 2 cents a share. In the same quarter last year, the company reported net earnings of $4.99 million and net income applicable to common shareholders of $4.11 million, or 10 cents a share. Revenue rose to $241.9 million from $233.4 million. On a pro forma basis, the company reported income of 19 cents a share, matching the consensus estimate of analysts polled by Thomson First Call. Analysts had forecast revenue of $245.9 million.
Prudential Financial Inc. (PRU) reported an 11% drop in first-quarter net income late Wednesday as the life-insurance and annuity company recorded $176 million of expenses for a potential regulatory settlement.
R.H. Donnelley Corp. (RHD) said its first-quarter loss narrowed to $42.5 million, or 76 cents a share, from a loss of $129.3 million, or $4.10 a share, in the prior year. Excluding items related to purchase accounting related to the company's acquisition of Dex Media and its buy of directories from AT&T (T) , and assuming the company had completed the Dex Media transaction at the beginning of 2006, R.H. Donnelley would have earned $39.2 million, or 56 cents a share, in the latest three months. Revenue was $676.5 million, on an adjusted basis, compared with revenue of $670.9 million a year earlier.
Starbucks Corp. (SBUX) said it pushed its fiscal second quarter profit up 27%, while revenue jumped by 24%.
Sunoco Inc. (SUN) said its first-quarter profit fell 32% from a year ago, clobbered by the soaring price of crude oil and the rising cost of operating and maintaining its plants.
True Religion Apparel Inc. (TRLG) reported first-quarter net earnings of $6.47 million, or 28 cents a share, up from $3.83 million, or 17 cents a share, during the year-ago period. The Los Angeles-based apparel company posted revenue of $35.6 million vs. $20.1 million. Analysts polled by Thomson First Call had forecast first-quarter earnings of 27 cents a share on revenue of $35 million.
24/7 Real Media Inc. (TFSM) reported a net loss of $7.52 million, or 16 cents a share, vs. a net loss of $406,000, or a penny a share, in the year-ago period. Revenue rose to $42.9 million from $29.1 million. Analysts polled by Thomson First Call had forecast revenue of $41.1 million.
UnumProvident Corp. (UNM) reported first-quarter results that were dented by new costs related to a regulatory settlement first arranged in late 2004.
Whole Foods Market Inc. (WFMI) said second-quarter profit rose 27%, as strong sales and increasingly profitable new stores offset this year's shift of Easter into April as well as rising opening costs.
Willis Group Holdings Ltd. (WSH) said first-quarter net income more than doubled as the third-largest insurance broker won more business and kept costs under control.
Wynn Resorts Ltd. (WYNN) reported a first-quarter net loss of $11.4 million, or 12 cents a share, compared with a restated net loss of $29.9 million, or 30 cents a share, in the year-ago period. Excluding certain items, the company reported a per-share profit of a penny compared with a penny last year. Revenue came in at $277.2 million.
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