SAN FRANCISCO – Among the companies whose shares are expected to see active trade in Wednesday's session are Time Warner Inc., Sun Microsystems Inc. and Symantec Corp.
Beazer Homes USA Inc. (BZH) is expected to post fourth-quarter earnings of $3.11 a share, according to analysts polled by Thomson First Call.
Beckman Coulter Inc.'s (BEC) third-quarter is expected to show per-share earnings of 57 cents.
Cigna Corp. (CI) is seen posting a third-quarter profit of $1.62 a share.
Dean Foods Co. (DF) is expected to post earnings of 51 cents a share in its third quarter.
Duke Energy Corp.'s (DUK) third quarter is expected to show a per-share profit of 48 cents.
EOG Resources Inc. (EOG) is seen showing a third-quarter profit of $1.38 a share.
Guess Inc. (GES) is expected to report third-quarter earnings of 37 cents a share.
PG&E Corp.'s (PCG) third-quarter results are expected to show earnings of 61 cents a share.
Sinclair Broadcasting Group (SBGI) is seen reporting third-quarter per-share earnings of 5 cents.
Time Warner Inc. (TWX) is expected to post a third-quarter profit of 17 cents a share.
After Tuesday's closing bell, Sun Microsystems Inc. (SUNW) cut its a third-quarter loss by 8%, as the provider of computer servers and software recorded higher sales thanks to the acquisitions of Storage Technology and SeeBeyond Technology, the company said Tuesday.
Axis Capital Holdings (AXS) reported a third-quarter net loss of $468.1 million, or $3.32 per share, after the Bermuda-based insurer and reinsurer suffered big hits from Hurricanes Katrina and Rita. A year ago, Axis made $6.3 million, or 4 cents a share. Net losses from Katrina and Rita were $804.5 million for the quarter, Axis said. Operating losses came in at $462.2 million, or $3.27 a share, the company added. Axis was expected to lose $3.23 a share in the quarter, according to the average estimate of 12 analysts in a Thomson First Call poll.
Borland Software Corp. (BORL) posted a third-quarter loss of $4.8 million, or 6 cents a share, compared with a loss of $160,000, or breakeven on a per-share basis. Revenue fell 13% to $67.9 million from $77.6 million a year ago.
Digene Corp. (DIGE) reported fiscal first-quarter earnings of $1.32 million, or 6 cents a share. During the same period a year ago, Digene posted a net loss of $6.27 million, or 32 cents a share. Pro forma earnings were 13 cents a share for the quarter. Revenue rose to $33.4 million from $26.2 million during the year-ago period. Analysts surveyed by Thomson First Call had forecast fiscal first-quarter earnings of 7 cents a share.
Electronic Arts Inc. (ERTS) said its second fiscal quarter profit fell 47% from a year ago, yet the world's largest independent video game publisher topped analysts' expectations.
Electronic Data Systems Corp. (EDS) posted a third-quarter profit, reversing a year-earlier loss as the technology-services company continued to make progress resolving problems with a big U.S. Navy contract.
Lincoln National Corp. (LNC) said third-quarter net income climbed 15%. Net income came in at $228.9 million, or $1.30 per share, up from $199.7 million, or $1.12 per share, in the same period a year earlier, Lincoln reported. Operating profit was $228.2 million, or $1.30 a share, compared with $178.2 million, or $1 per share, in the third quarter of 2004, the company added. Lincoln was expected to earn $1.06 a share in the period, according to the average estimate of 19 analysts in a Thomson First Call survey.
Pacer International Inc. (PACR) reported third-quarter net earnings of $14.6 million, or 38 cents a share, up 29% from $11.3 million, or 30 cents a share, in the year-ago period. Revenue at the Concord, Calif.-based freight transportation provider rose to $441.6 million from $438.2 million. Analysts polled by Thomson First Call had estimated earnings at 36 cents a share on revenue of $474 million.
Panera Bread Co. (PNRA) reported third-quarter net earnings of $11.7 million, or 37 cents a share, up 36% from $8.57 million, or 28 cents a share, in the year-ago period. Revenue rose to $148.6 million from $113.8 million. Analysts polled by Thomson First Call had estimated earnings of 36 cents a share on revenue of $148 million.
Papa John's International (PZZA) reported third-quarter net earnings of $10.8 million, or 62 cents a share, vs. $7.86 million, or 46 cents a share, during the same period a year ago. The Louisville, Ky.-based pizza chain posted revenue of $236.3 million vs. $227.8 million.
Plantronics Inc. (PLT) reported fiscal second-quarter net earnings of $13.7 million, or 28 cents a share, down from $24.7 million, or 49 cents a share, a year ago. Revenue rose to $172.2 million from $130.2 million last year.
Protein Design Labs (PDLI) reported a widened third-quarter loss of $39.4 million, or 37 cents a share, compared with $13.6 million, or 14 cents a share, last year. Revenue for the quarter climbed to $76.7 million, versus $19.8 million for the same period in 2004. Excluding various items, Protein Design Labs would have reported an adjusted net loss of 11 cents a share, compared with 13 cents. A poll of analysts by Thomson First Call estimated the company would lose 3 cents a share.
RenaissanceRe Holdings (RNR) Chairman and Chief Executive James Stanard resigned after the reinsurer he founded in 1993 became embroiled in a Securities and Exchange Commission investigation.
Six Flags Inc. (PKS) said it expects third-quarter revenue to jump 9.8% from the same period last year, as the theme-park operator continues to reject a takeover attempt by shareholder Daniel Snyder.
Smart & Final Inc. (SMF) reported third-quarter net earnings of $823,000, or 3 cents a share, compared with $11.7 million, or 36 cents a share, a year ago. Excluding a previously announced pre-tax charge of $19 million for a preliminary settlement of a class action lawsuit, income from continuing operations was $12.3 million, or 38 cents a share, for the period. Revenue at the food and supplies retailer rose to $634.4 million from $603.2 million last year.
Symantec Corp. (SYMC) said it swung to a fiscal second-quarter loss, hurt by expenses related to its acquisition of Veritas Software.
UnumProvident Corp. (UNM) said third-quarter net income dropped 69% partly due to a $75 million regulatory settlement the disability insurer reached with the California Department of Insurance. Net income came in at $52.6 million, or 17 cents per share, down from $167.6 million, or 55 cents a share, in the same period a year earlier, the Chattanooga, Tenn.-based company said. Excluding the settlement, after-tax investment gains and losses and other non-recurring items, UnumProvident earned $135.7 million, or 43 cents, in the period. That matched the average estimate of 13 analysts in a Thomson First Call survey.
ValueClick Inc. (VCLK) reported third-quarter net earnings of $11 million, or 13 cents a share, compared with $7.6 million, or 9 cents a share, a year ago. Revenue jumped 87% to $81.4 million from $43.5 million last year.