By Rebecca L. McClay, MarketWatch
SAN FRANCISCO (MarketWatch) - Among the companies whose shares are expected to see active trading in Friday's session are Viacom, Guess and Novell. See story on late trading.
After Thursday's closing bell, Viacom Inc. said it promoted Chief Financial Officer Thomas Dooley to the newly-created position of chief operating officer. Dooley will continue to serve as the CFO until a successor is named.
Clothing maker Guess Inc. /zigman2/quotes/204246219/composite GES +0.21% reported late Thursday first quarter net income rose 55% to $50.3 million, or 54 cents a share, up from net income of $32.5 million, or 35 cents a share, in the year ago period. Sales rose 225 to $539.3 million.
Novell Inc. reported a fiscal second-quarter profit of $19.9 million, or 6 cents a share compared with a profit of $15.6 million, or 5 cents a share, for the year-earlier period. Revenue was $204 million, according to a consensus survey by FactSet Research. For current quarter, the comp any said it expects revenue between $205 million and $210 million.
J. Crew Group Inc. said its fiscal first-quarter profit jumped to $44.7 million, or 68 cents a share, from $20.4 million, or 32 cents a share, in the year-ago period. Revenue for the period rose to $413.9 million from $345.8 million. For the second quarter, J. Crew expects earnings of 40 cents to 45 cents a share.
Luby's Inc. /zigman2/quotes/206507565/composite LUB +0.70% said the Financial Industry Regulatory Authority ruled that Credit Suisse Securities must buy back auction rate securities that Luby's had bought through Credit Suisse.
Blue Coat System shares slid 17% after the company's revenue expectations for the first quarter came in below estimates. Blue Coat reported it swung to a fourth-quarter net income of $23.6 million, or 49 cents a share, from a loss of $3.5 million, or 9 cents a share. Revenue increased to $132.6 million from $113.6 million.