Stocks To Watch: Broadcom, Compass Bancshares, Expedia, Northwest Airlines, Toyota
Today's big stories and some stocks with potential to move...
Stocks to watch for Friday, February 16
- Allied Waste Industries (AW) reported fourth-quarter net income of $9.8 million, or break-even measured in per-share results, down from $66.7 million, or 15 cents a share, a year ago.
- BJ's Restaurants (BJRI) reported fourth-quarter net earnings of $2.82 million, or 11 cents a share, compared with $2.32 million, or 10 cents a share, in the same period last year, boosted by higher revenue. The restaurant owner and operator said revenue rose 34% to $65.9 million from $49.3 million, as comparable-restaurant sales increased 5.5%.
- Boeing (BA) is looking to revive its commercial-satellite manufacturing business, partly by introducing a smaller, more-flexible line of spacecraft.
- A probe into Broadcom (BRCM) is a sign of how long-running investigations of stock-options backdating are heating up, as prosecutors winnow the roster of some 140 companies with options problems to a tighter list.
- Bsquare (BSQR) reported fourth-quarter net earnings of $706,000, or 7 cents a share. During the same period a year ago, the company posted a net loss of $246,000, or 3 cents a share.
- California Pizza Kitchen (CPKI) said fourth-quarter net income was $3.73 million, or 19 cents a share, compared with $3.48 million, or 17 cents a share, for the same period a year ago. Reporting after the close, the company said revenue was $146 million vs. last year's $125.4 million.
- Career Education (CECO) said fourth-quarter net income fell, as revenue declined, to $20.7 million, or 21.5 cents a share, from $70.3 million, or 70.1 cents a share, during the same period in the prior year. Analysts had expected per-share income of 37 cents.
- Chipotle Mexican Grill (CMG) said more customers eating at its restaurants helped feed fourth-quarter results that were far better than Wall Street's expectations. Denver-based Chipotle -- ending its first fiscal year as a public company -- said it made $10.8 million, or 33 cents a share, for the quarter compared with last year's profit of $4.26 million, or 16 cents a share.
- Cisco (CSCO) granted Apple another six days to respond to its claim that the new iPhone mobile handset infringes on a Cisco trademark.
- Spain's BBVA confirmed a deal to buy Compass Bancshares (CBSS) for about $9.6 billion, which would give the bank new heft in Texas.
- Copano Energy (CPNO) said it has approved a 2-for-1 split of its outstanding units. The additional units will be distributed on March 30 to unit-holders of record as of March 15.
- Dendrite International (DRTE) reported a preliminary fourth-quarter operating loss of about $12.5 million, on revenue of $111.4 million. In the same period last year, the pharmaceutical industry services company posted revenue of $108.4 million.
- Denny's (DENN) said it swung to net income in the fourth-quarter of $2.27 million, or 2 cents a share, as operating costs and expenses declined. During the same period in the prior year, the restaurant operator reported a net loss of $4.5 million, or 5 cents a share.
- Estee Lauder (EL) said its board has authorized buying back up to another 20 million shares, or 9.6% of the total outstanding stock.
- Expedia (EXPE) said its profit more than doubled, as international revenue growth offset flat domestic sales. Gross travel bookings rose 9% to $3.69 billion.
- Hittite Microwave (HITT) after Thursday's closing bell reported fourth-quarter net earnings of $12.1 million, or 39 cents a share, up from $7.11 million, or 23 cents a share, during the year-ago period.
- Ingram Micro (IM) reported a fiscal fourth-quarter profit of $91.7 million, or 53 cents a share, on revenue of $8.85 billion. During the same period a year ago, the technology products distributor earned $84.4 million, or 51 cents a share, on $7.96 billion in revenue.
- Medical Properties Trust (MPW) said it plans to make a public offering of 12 million shares. Medical Properties Trust is offering a portion, and the rest is being offered in connection with forward sale agreements among Medical Properties Trust and affiliates of the underwriters.
- Mohawk Industries (MHK) said fourth-quarter net income rose, as revenue gained, to $129.5 million, or $1.90 a share, from $99.6 million, or $1.47 a share, during the same period in the prior year. The flooring supplier said quarterly revenue increased to $1.9 billion from $1.8 billion in the prior year.
- Monster's (MNST) former general counsel, Myron Olesnyckyj, pleaded guilty to criminal charges in connection with a stock-options backdating scheme. He agreed to cooperate with investigators.
- Nabi Biopharmaceuticals (NABI) said Thomas McLain has resigned as chairman, chief executive and president, effective immediately. The company has appointed Leslie Hudson, a company director since 2005, as interim CEO and president for a six-month term.
- Northwest Airlines (NWACQ) valued itself at about $7 billion in a filing that adds details on what the carrier will look like once it exits bankruptcy.
- Oriental Financial Group (OFG) said it swung to a fourth-quarter net loss of $18 million, as total interest and non-interest expenses grew. In the same period last year, the financial holding company said net earnings came in at $8.5 million.
- Pogo Producing (PPP) swung to a fourth-quarter loss of $16.5 million, or 29 cents a share, from a profit of $114.7 million, or $1.96 a share, a year earlier. The energy company said revenue fell 18% to $343.1 million from $419.6 million a year ago.
- Sirenza Microdevices (SMDI) said board member Phillip Liao and his wife are selling about 7 million shares of common stock. The radio frequency components supplier noted it will not receive any proceeds from the offering.
- Toyota (TM) overtook DaimlerChrysler in European vehicle sales in January, as its new-car registrations rose 21%.
- Universal American Financial (UHCO) reported fourth-quarter net earnings of $64 million, or $1.06, compared with $3.9 million, or 6 cents a share, in the same period last year. This year's quarterly results include a $49.9 million gain from the company's sale of its Canadian subsidiary.
- Wal-Mart (WMT) unveiled changes within its online and strategy divisions, adding to other management changes the retailer has made recently.
- Wyeth (WYE) said an Arkansas jury found in favor of the company in a trial related to Wyeth's hormone replacement drugs. In Helene Rush v. Wyeth, which started on Jan. 22, the plaintiff alleged she developed breast cancer from using Premarin and Prempro.
- Asian trading closed with the Hang Seng +0.14%, Nikkei -0.12% and Shanghai +0.18%.
- A check across the pond finds the CAC -0.06%, DAX +0.05%, FTSE -0.09%, ATX -1.02%, Swiss Mkt +0.02% and Stockholm -0.35%.
- Crude oil is trading -0.04 to 57.95 while gold is -1.60 to 669.8 this morning.
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