Stocks to Watch, Nov. 10: Dell, Target, Cisco, News Corp.
{{#rendered}} {{/rendered}}Among the companies whose shares are expected to see active trade in Thursday's session are Dell Inc., Target Corp., Cisco Systems Inc. and News Corp.
Dell Inc (DELL) is expected to report third-quarter earnings of 39 cents a share, according to analysts polled by Thomson First Call.
DreamWorks Animation SKG's (DWA) third quarter is expected to show per-share earnings of a penny.
{{#rendered}} {{/rendered}}Four Seasons Hotel Inc. (FS) is seen posting a third-quarter profit of 36 cents a share.
Hospira Inc.'s (HSP) third-quarter results are expected to show a per-share profit of 40 cents.
International Game Technology (IGT) is seen posting a profit of 30 cents a share in its fourth quarter.
{{#rendered}} {{/rendered}}Kohl's Corp (KSS) is expected to report earnings of 44 cents a share in its third quarter.
News Corp.'s (NWS) (NWSA) first quarter is seen showing a per-share profit of 16 cents.
Progressive Corp. (PGR) is expected to post earnings of $1.81 in its fourth-quarter.
{{#rendered}} {{/rendered}}Target Corp. (TGT) is seen showing a third-quarter profit of 45 cents a share.
Urban Outfitters Inc.'s (URBN) third quarter is expected to show per-share earnings of 22 cents.
After Wednesday's closing bell, Cisco Systems Inc. (CSCO) said that fiscal first-quarter earnings fell as it expensed stock options for the first time, but profit excluding those costs rose 8%.
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Brooks Automation Inc. (BRKS) reported a fiscal fourth-quarter net loss of $7.6 million, or 17 cents a share. Its loss includes $7.8 million, or 17 cents a share, in charges related to restructuring and amortization of acquired intangible assets. Last year, Brooks earned $8 million, or 18 cents a share. Gross margin was 35.6%. Revenue at Brooks, which provides hardware and software products to the semiconductor industry, fell to $103.3 million from $162.3 million a year ago.
Eastman Kodak Co. (EK) adjusted its previously-reported third-quarter net loss, increasing it by $9 million, to $3.61 cents a share from $3.58 a share. The company also said it has restated its financial results from the first and second quarters. The restatements and adjustments were necessary primarily because of accounting errors, the company said. The restatements reduced Eastman Kodak's first-quarter net loss to 49 cents a share from 50 cents a share, and reduced its second-quarter net loss to 49 cents a share from 54 cents a share.
{{#rendered}} {{/rendered}}General Motors Corp. (GM) said it overstated 2001 profit by as much as $400 million.
JDSU (JDSU) said its net loss nearly doubled in the fiscal first quarter, even though sales rose 33% owing to recent acquisitions.
Laidlaw International Inc. (LI) reported a fiscal fourth-quarter net loss of $83.6 million, or 83 cents a share, vs. a net loss of $2.7 million, or 3 cents a share, during the same period a year ago. The Naperville, Ill.-based transportation company posted revenue of $613 million vs. $612.2 million. Two analysts surveyed by Thomson First Call had forecast a fourth-quarter loss of 12 cents a share.
{{#rendered}} {{/rendered}}Lions Gate Entertainment (LGF) said it swung to a second-quarter loss on a writedown for two films that had weak box office results.
Loudeye Corp. (LOUD) reported a third-quarter net loss of $8.47 million, or 8 cents a share, vs. a net loss of $5.33 million, or 7 cents a share, during the same period a year ago. The pro forma loss was 7 cents a share for the quarter. The Seattle-based digital media products and services provider posted revenue of $6.83 million vs. $5.1 million. The company forecast fourth-quarter revenue of $8 million.
Nvidia Corp. (NVDA) said its third-quarter profit more than doubled, citing higher in sales in the desktop computer market.
{{#rendered}} {{/rendered}}Orasure Technologies Inc. (OSUR) reported third-quarter net earnings of $3.81 million, or 8 cents a share. In the same period last year, the company reported a net loss of $294,000, or a penny a share. Revenue at the Bethlehem, Pa.-based company rose to $18.1 million from $14.2 million last year and gross margin was 64% vs. 60%. Analysts polled by Thomson First Call had estimated earnings of 5 cents a share on revenue of $18 million.
Shanda Interactive Entertainment Ltd. (SNDA) , China's largest online game operator, late Wednesday reported a rise in third-quarter profits, yet the lack of new products in the coming quarters hinted at near-term challenges in its core business.
New accounting methods for stock-based compensation will trim Starbucks (SBUX) earnings next year by more than 10%, the coffee chain said.
{{#rendered}} {{/rendered}}Tommy Hilfiger Corp. (TOM) said it expects fiscal second-quarter net income and revenue to be lower than a year ago. The apparel maker forecast revenue of $500 million, compared with $534 million last year. The company also said it expects its operating income for the second quarter to be somewhat higher than a year ago.
Unisys Corp. (UIS) reported a third-quarter loss of $1.63 billion as the technology services company recorded a massive charge for deferred tax assets.
Whole Foods Market Inc. (WFMI) reported a steep decline in fourth-quarter profit as it racked up heavy charges, but raised its sales forecast for next year and said sales could peak $10 billion by 2010.
{{#rendered}} {{/rendered}}William Lyon Homes (WLS) reported third-quarter net earnings of $38.1 million, or $4.39 a share, down 15% from $45 million, or $4.51 a share, in the year-ago period. Revenue at the Newport Beach, Calif.-based homebuilder fell to $376.3 million from $475 million. Analysts polled by Thomson First Call had estimated earnings at $3.15 a share on revenue of $352 million.