Hewlett-Packard lost some ground in Thursday’s after hours session after it announced the appointment of Leon Apotheker, a former SAP executive, as its president and CEO, effective November 1st.
Accenture may see some buying interest after it reported that its fourth quarter earnings rose to 66 cents per share from 39 cents per share last year. Net revenues rose to $5.42 billion from the year-ago’s $5.15 billion. The company also increased its semi-annual cash dividend by 20% to 45 cents per Class A ordinary share. Analysts estimated earnings of 63 cents per share on revenues of $5.31 billion. The company expects first quarter revenues of $5.6 billion to $5.8 billion and fiscal year 2011 revenue growth of 7%-10% in local currency. Also, the company expects earnings of $3-$3.08 per share. The consensus estimates had called for full year earnings of $2.92 per share on 5.7% revenue growth.
Resource Connection could see some activity after it reported first quarter net income of 3 cents per share compared to a loss of 16 cents per share last year. The recent quarter’s results included a charge of 1 cent per share compared to 9 cents per share last year. Revenues rose 4.6% to $123.7 million. Analysts expected break-even results on revenues of $120.59 million.
Christopher & Banks may also be in focus after it reported a second quarter net loss of 7 cents per share, wider than the net loss of 6 cents per share last year. The recent quarter included a charge of 1 cent per share compared to a benefit of 2 cents per share last year. Net sales remained almost flat at $101.3 million. For the third quarter, the company expects a low single digit increase in comparable store sales. Analysts expected a loss of 5 cents per share on revenues of $105.38 million.
Lawson Software is likely to see some activity after it reported that its first quarter non-GAAP net income rose to 11 cents per share from 9 cents per share last year. Revenues climbed 3% to $174.66 million. The consensus estimates had called for earnings of 9 cents per share on revenues of $171.88 million. The company expects second quarter non-GAAP earnings of 11-12 cents per share on revenues of $184 million to $189 million. Meanwhile, analysts estimate earnings of 12 cents per share on revenues of $189.64 million.
United Natural Foods could react to its announcement that it has priced its previously announced public offering of 3.85 million shares at $33 per share.
Meanwhile, CLARCOR may move to the upside after it announced a 7.7% increase in its regular quarterly dividend from $0.0975 per share to $0.105 per share.
Merck is expected to see some activity after it announced that it would vigorously appeal a Massachusetts federal court jury verdict concerning allegations that a former subsidiary of Schering-Plough caused the Commonwealth of Massachusetts to overpay local pharmacists for prescriptions of albuterol.
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