By Chelsea Bellows, CBS MarketWatch
(Corrects exchange listing for Foundation Coal.)
SAN FRANCISCO (CBS.MW) - Among the stocks likely seeing active trading in Thursday's regular trading session are Ciena Corp., Costco Wholesale, and National Semiconductor Corp.
Ciena Corp. /zigman2/quotes/208745450/composite CIEN -1.07% , a communications network hardware and software provider, is expected to report a loss of 7 cents a share for the fourth quarter; Costco Wholesale /zigman2/quotes/201191698/composite COST -4.26% is seen posting earnings of 40 cents for the first quarter; and National Semiconductor , which makes integrated circuits, is seen reporting a second-quarter profit of 14 cents a share, according to analysts polled by Thomson First Call.
Thursday's watch list
Altera /zigman2/quotes/205871240/composite ALTR -0.57% late Wednesday cut its fourth-quarter sales target to reflect a sequential decline of 9 to 12 percent compared with a previously targeted decline of 1 to 5 percent. See full story.
North Carolina's Bank of Oak Ridge /zigman2/quotes/203021767/delayed BKOR -0.63% declared a five-for-four stock split in the form of a stock dividend, payable on Dec. 15 to shareholders of record on Dec. 10.
Brinker International /zigman2/quotes/203470869/composite EAT -5.02% said its November same-store sales fell 1 percent. The company said sales were hurt by about 3 percent because of the calendar shift of Thanksgiving Day from the December period last year to the November period this year. It also reaffirmed its second-quarter earnings estimate of 45 cents to 47 cents a share.
BriteSmile Inc. said it has recalculated its fourth-quarter revenue forecast to between $9.5 million to $10.1 million because of increased softness in demand. Last year, the company reported revenue of $12.4 million.
Casella Waste Systems /zigman2/quotes/206246338/composite CWST -0.31% reported second-quarter earnings of $3.4 million, or 10 cents a share, down from $5.7 million, or 20 cents a share, a year ago. Revenue for the quarter was $126.4 million, compared with $111.5 million in 2003.
CDW Corp. said its November daily sales were up 9.6 percent from last year. Total sales for the month were $462.7 million vs. $382.1 million, last year.
Charles Schwab Corp. said George Shultz is stepping down from the board of directors on Dec. 31. Shultz, 83, joined the Schwab board in 1997. He is a former secretary of State, Treasury and Labor, and was president of privately held Bechtel Group Inc. in San Francisco from 1974 to 1982.
Chordiant Software /zigman2/quotes/222659909/composite CHRD -7.05% said it will acquire KiQ for $19 million in cash and stock. It is expected to close in December, pending customary closing conditions.
DreamWorks Animation SKG said it has decided to postpone the release of "Shrek 3" to May 2007 from the original target date of November 2006. See full story.
Fidelity National Financial /zigman2/quotes/207569682/composite FNF -2.38% said it will recapitalize its Fidelity National Information Services unit through a $2.8 billion credit line, which is expected to close in the first quarter of 2005. The company said upon completion of the transaction it will pay a $10 special cash dividend to its shareholders. It also said it sold a 25- percent interest in its Fidelity National Information Services unit to Thomas H. Lee Partners and Texas Pacific Group for $500 million.
Finisar , which makes fiber optic subsystems, is seen posting a second-quarter loss of 6 cents a share.
Foundation Coal priced its initial public offering of 23.6 million shares at $22 each, raising $519.2 million. The pricing came in above the expected $19 to $21 range. Morgan Stanley and Citigroup led the deal's underwriting. Shares will begin trading on the New York Stock Exchange on Thursday.
Franklin Resources /zigman2/quotes/201997162/composite BEN -1.27% , which oversees the Franklin and Templeton mutual funds, reported preliminary assets under management of $388.9 billion for the month ended Nov. 30, vs. $322 billion a year ago.
GlobalSantaFe Corp. said it is raising its quarterly dividend to 7.5 cents from 5 cents, payable on Jan. 18 to shareholders of record as of Dec. 31.
H&R Block /zigman2/quotes/207406664/composite HRB -0.41% said it expects a settlement with the National Association of Securities Dealers over allegations of illegal market timing of mutual funds. It said it doesn't believe the resolution of the NASD to have a material adverse impact on its financial results.
Halliburton Co. /zigman2/quotes/210488727/composite HAL -8.69% said it has finally resolved all issues related to the Barracuda-Caratinga offshore oilfield project in Brazil with Petrobras /zigman2/quotes/200745132/composite PBR -9.19% . See full story.
Ingram Micro said it remains on track to post fourth-quarter results in line with its previously issued outlook. See full story.