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Home Depot Morgan City La
SAN FRANCISCO (MarketWatch) -- Among the companies whose shares are accepted to see alive trading in Wednesday's affair are Ambit City Stores Inc., FedEx Corp., and Morgan Stanley.
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CarMax Inc. KMX, -0.05% is accepted to address first-quarter balance of 30 cents a share, according to a analysis of analysts by Thomson Financial.
Circuit City CC, -1.96% is accepted to column a accident of 32 cents a allotment for the aboriginal quarter.
Commercial Metals Co. CMC, -1.30% is accepted to address third-quarter balance of 79 cents a share.
FedEx FDX, -1.44% is accepted to column balance of $1.96 a allotment for the fourth quarter.
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Morgan Stanley MS, -0.24% is accepted to address second-quarter balance of $2.01 a share.
Sonic Corp. SONC, -2.36% is accepted to column balance of 31 cents a allotment for the third quarter.
After Tuesday's closing bell, Home Depot Inc. HD, -0.53% said it is affairs its contractor-supplies business to a bunch of private-equity companies for $10.3 billion and application a big allocation of the accretion to armamentarium a massive $22.5 billion allotment buyback. See abounding story.
ATS Medical Inc. ATSI said it has agreed to access the surgical cryoablation business of CryoCath Technologies Inc. (CYT). Under the agreement of the deal, ATS will pay $22 actor aloft closing, $2 actor aloft the accomplishment of assertive milestones, $2 actor two years afterwards closing and up to $4 actor in accidental payments based on approaching sales of Surgifrost XL. Minneapolis-based ATS expects the accretion to add anon to its earnings. The aggregation anticipation a net accident for the aboriginal bisected of 2008, but now expects to be assisting in the additional bisected of 2008, a year advanced of its antecedent forecast. For the butt of 2007, ATA expects the accord to add $3 actor to $5 actor in incremental revenue, and $16 actor to $19 actor in acquirement in 2008. The accord is accepted to abutting aural 10 days.
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Avalon Pharmaceuticals Inc. AVRX said that a Phase I balloon of AVN944, its analysis for hematologic malignancies in aged and adverse patients, has apparent connected absolute acting results. The acting abstracts indicates AVN944 is able-bodied tolerated, has dose-dependent pharmacokinetics, induces biomarkers of programmed corpuscle afterlife in blight beef from patients, and demonstrates counterbalanced ache in about bisected of the patients afterwards one ages of treatment, the Germantown, Md.-based biopharmaceutical aggregation said. Avalon additionally said it continues to accept the Phase I balloon will accommodate acceptable advice to activate assorted Phase II studies.
Brush Engineered Materials Inc. BW, 1.48% cuts its second-quarter and abounding year balance forecasts, blaming weaker bazaar conditions, accomplishment issues and "unexpected aciculate movements in metal prices." The Cleveland-based aggregation said it now expects second-quarter balance to appear in beneath the low end of its ahead forecasted ambit of 50 cents to 65 cents a share. Brush additionally cut its full-year balance anticipation to a ambit of $2 to $2.55 a allotment from its beforehand appearance of $2.20 to $2.75 a share.
Clarcor Inc.'s CLC, -7.14% second-quarter net assets rose 25%to $20.9 million, or 41 cents a share, from $16.8 million, or 32 cents a share, a year earlier, as acquirement grew 3.5%. The Franklin, Tenn., filtration and automated packaging articles maker's acquirement for the division concluded June 2 climbed to $235.1 actor from $227.1 actor in the year-ago period. On average, analysts accepted per-share balance of 37 cents on acquirement of $235.9 million, according to a poll by Thomson Financial. For 2007 the aggregation expects per-share balance of $1.72 to $1.80 on acquirement up 6%.
Culp Inc.'s CFI, 8.75% fourth-quarter accident narrowed to $40,000, or beneath than a penny a share, from $1.53 million, or 13 cents a share, a year earlier. Excluding restructuring and accompanying charges, net assets for the division concluded April 29 was $1.78 million, or 14 cents a share. The High Point, N.C., maker of appliance fabrics said a anemic apartment bazaar and college gas prices afflicted customer appeal for its articles during the quarter, but its mattress fabrics business was strong, accounting for added than bisected of absolute aggregation sales. Sales rose 3.5% to $73.2 actor from $70.7 actor the year before.
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Darden Restaurants Inc. DRI, 0.06% said it swung to a fourth-quarter net accident of a $55.1 million, or 38 cents a share, from net balance of $92.3 million, or 60 cents a share, during the year-ago period. The Orlando, Fla.-based restaurant abettor said acquirement rose to $1.46 billion from $1.41 billion, aftermost year. Analysts polled by Thomson Banking had forecast, on average, per-share balance of 70 cents on acquirement of $1.57 billion. Balance from continuing operations were 67 cents a share, vs. 62 cents a share. The aggregation additionally said it expects per-share balance advance from continuing operations of 10% to 12% for budgetary 2008.
Digene Corp. DIGE said the U.S. District Court for the District of Delaware accepted Beckman Coulter Inc.'s BEC, -1.64% motion to be absolved from Digene's advancing apparent contravention activity adjoin Ventana Medical Systems Inc. and Beckman. Digene, a Gaithersburg, Md., analytic articles company, said its apparent clothing adjoin Ventana is continuing, and balloon has been set to activate Dec. 17.
FSI International Inc. FSII appear a third-quarter net accident of $5.64 million, or 19 cents a share, compared with a net accident of $2.43 million, or 8 cents a share, during the year-ago period. The Minneapolis-based chip basic accessories architect said that acquirement fell to $25.2 actor from $32 actor aftermost year. Analysts polled by Thomson Banking had forecast, on average, a per-share accident of 12 cents on acquirement of $25 million. Additionally, FSI said it expects a fourth-quarter net accident of $3.5 actor to $4.5 actor on acquirement of $20 actor to $24 million. Orders for the division are accepted to ambit amid $18 actor and $22 million, the aggregation said.
IHS Inc. IHS, 0.00% appear second-quarter net balance of $18.6 million, or 32 cents a share, up 44% from $12.9 million, or 23 cents a share, in the year-ago period. . Acquirement for the division concluded May 31 totaled $154.9 million, up 17% from $132.9 actor in the commensurable aeon aftermost year. On average, analysts polled by Thomson Banking were assured the Englewood, Colo.-based provider of abstruse advice and casework to acquire 33 cents a allotment on acquirement of $150 million. IHS said it now expects budgetary 2007 acquirement advance of 20% to 22% and adapted balance afore interest, taxes, abrasion and acquittal advance of 30% to 32%.
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La-Z-Boy Inc.'s LZB, 0.00% swung to a budgetary fourth-quarter accumulation of $7.71 million, or 15 cents a share, from a year-earlier accident of $10.3 million, or 20 cents a share. The best contempo division includes a restructuring allegation of 8 cents a allotment and a accretion of 14 cents a allotment from the auction of assorted properties. Sales for the aeon concluded April 28 fell 9.4% to $406.9 actor from $449.4 million. On average, analysts polled by Thomson Banking accepted balance of 7 cents a allotment on acquirement of $410 million. The Monroe, Mich., appliance aggregation estimates budgetary 2008 balance of 45 cents to 60 cents a share, and sales bottomward 5% to 10%.
Littelfuse Inc. LFUS, 0.79% cut its second-quarter and 2007 banking forecasts. The Des Plaines, Ill.-based maker of ambit aegis articles said it now expects second-quarter balance of 40 cents a share, bottomward from its ahead forecasted ambit of 48 cents to 52 cents a share. Littelfuse additionally said it now expects second-quarter sales to be agnate to those in the aboriginal quarter, afterwards ahead forecasting a 2% to 5% consecutive increase. For 2007, the aggregation anticipation balance of $1.65 to $1.75 a share, excluding items, and for sales to be agnate to levels accomplished in 2006. Littelfuse had ahead set a 2007 balance ambition of $2 a allotment and anticipation a 3% to 5% sales increase. "Although the anticipation of a collapsed sales year in 2007 is disappointing, our above amount abridgement projects and new artefact development programs abide on track," said Chief Executive Gordon Hunter in a statement. "As a result, we are still assured of accomplishing our 15% operating allowance ambition by the end of 2009."
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