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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.

Market Recap

  • 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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