Among the companies whose shares are expected to see active trade in Tuesday's session are Wells Fargo & Co., Johnson & Johnson, Intel Corp. and Yahoo Inc.
Coca-Cola Co. (KO) is expected to report first-quarter earnings of 53 cents a share, according to analysts polled by Thomson Financial.
EMC Corp. (EMC) is seen posting a per-share profit of 13 cents in its first-quarter.
Intel Corp.'s (INTC) first-quarter results are expected to show per-share earnings of 22 cents.
International Business Machines (IBM) is expected to post earnings of $1.21 a share in its first quarter.
Johnson & Johnson (JNJ) is seen reporting a first-quarter profit of $1.05 a share.
Regions Financial Corp.'s (RF) first-quarter results are expected to show a per-shares profit of 66 cents.
U.S. Bancorp (USB) is expected to report a profit of 65 cents a share in its first quarter.
Washington Mutual Inc. (WM) is expected to report per-share earnings of 83 cents in its first quarter.
Wells Fargo & Co.'s (WFC) first-quarter results are expected to show a per-share profit of 65 cents.
Yahoo Inc. (YHOO) is seen posting per-share earnings of 65 cents in its first-quarter.
Black & Decker Corp. (BDK) late Monday boosted its first-quarter earnings forecast to about $1.60 a share on better-than-expected sales and operating margin. The Towson, Md., maker of home improvement products had predicted first-quarter earnings of $1.25 to $1.30 a share. On average, analysts polled by Thomson Financial predict first-quarter earnings of $1.26 a share. Black & Decker also expects to report 3 percent sales growth for the quarter, primarily from currency translation and its 2006 acquisition of Vector Products Inc.
Con-Way Inc. (CNW) reported first-quarter net earnings of $33.6 million, down 28 percent from $46.4 million in the year-ago period. The company reported net income available to common shareholders of $31.9 million, or 65 cents per diluted share, down from $44.7 million, or 81 cents a share, last year. The San Mateo, Calif.-based transportation and logistics company said revenue in the three months ended March 31 fell to $1 billion from $1.05 billion. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 60 cents on revenue of $1.02 billion. For 2007, the company still expects earnings from continuing operations of $3.60 to $3.90 a share.
Credence Systems Corp. (CMOS) named Joy Leo as chief financial officer, effective upon the filing of the company's quarterly report, which is expected by June 8.
Fair Isaac Corp. (FIC) cut its fiscal second-quarter and 2007 forecasts. The company now expects second-quarter earnings of $20 million to $22 million, or 35 cents to 37 cents a share, on revenue of $200 million to $202 million, down from its previous forecast for earnings of 48 cents a share on revenue of $215 million. The Minneapolis-based company also forecast third-quarter earnings of 33 cents a share on revenue of $195 million to $200 million, and cuts its fiscal 2007 earnings forecast to a range of $1.55 to $1.65 a share on revenue of $795 million to $805 million. Fair Isaac had previously forecast 2007 earnings of $2.15 a share on revenue of $870 million.
Motorola Inc. (MOT) said it agreed to pay $190 million to settle a class-action securities lawsuit related to Turkish mobile operator Telsim Mobil Telekomunikasyon. The Schaumburg, Ill., wireless communications company said the settlement will be booked as a charge in its recently ended first quarter. Insurance recoveries will offset about $75 million of the charge, Motorola said
Nu Horizons Electronics Corp. (NUHC) said the company and its Titan Logistics Corp. unit received subpoenas from the Securities and Exchange Commission requiring them to produce documents related to their business relationship with Vitesse Semiconductor Corp. (VTSS) .
Silver Wheaton Corp. (SLW) has agreed to pay Goldcorp $485 million in cash to acquire 25 percent of the life-of-mine silver produced from Goldcorp's (GG) Penasquito project, the companies said late Monday.
Quiksilver Inc. (ZQK) named Joe Scirocco chief financial officer, replacing Steve Brink, who the company said is resigning to pursue other interests. The Huntington Beach, Calif., outdoor-sports clothing and accessories company also named David Morgan chief operating officer.
Steel Dynamics Inc. (STLD) said first-quarter net income jumped 34 percent to $102.2 million, or $1.01 a share, from $76 million, or 76 cents a share, a year earlier. The Fort Wayne, Ind., steel maker's sales rose 30 percent to $865.7 million from $665.9 million, helped by the acquisition of Roanoke Electric Steel Corp. On average, analysts polled by Thomson Financial expected first-quarter earnings of 96 cents a share on revenue of $855 million. Analysts estimates typically exclude items. Steel Dynamics expects second-quarter earnings of 95 cents to $1 a share. Wall Street expects earnings of $1 a share.
Universal Forest Products (UFPI) reported first-quarter net earnings of $3.89 million, or 71 cents a share, down 76 percent from $15.9 million, or $2.38 cents a share, in the year-ago period. The Grand Rapids, Mich.-based company said revenue fell to $549 million from $665.6 million in the comparable period last year. Analysts polled by Thomson Financial were expecting, on average, a per-share profit of 45 cents on revenue of $590 million.
Werner Enterprises Inc. (WERN) said first-quarter net income fell 29 percent to $15.7 million, or 21 cents a share, from $22 million, or 27 cents a share, a year earlier, as results were hampered by lower freight demand. On average, analysts polled by Thomson Financial expected earnings of 23 cents a share. The Omaha, Neb., transportation and logistics company said an increase in truck capacity and softness in freight demand made for a continued challenging market, and rising fuel prices and significant winter storms pressured costs. The company's operating revenue increased 2.4 percent to $503.9 million from $491.9 million, but operating income fell to $27.3 million from $36.8 million a year ago.
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