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Protein Design Labs

(PDLI)

announced major changes in senior management after the close on Thursday. Glen Sato, senior vice president and chief financial officer, will resign from the company to join a law firm. Effective Nov. 2, he will no longer be an officer of the firm but will remain on until the end of the year to ensure a smooth transition. George Jue, finance and chief accounting officer, will oversee the financial aspects of the company and report to Mark McDade, chief executive officer, until a replacement is hired. The stock was up 17 cents, or 0.59%, to $29 in after-hours trading.

Adobe Systems

(ADBE)

said it earned $144.9 million, or 29 cents a share, for the third quarter ended Sept. 2, versus $104.5 million, or 21 cents a share, a year ago. Revenue for the quarter increased to $487 million from $403.7 million last year. Excluding certain items, the company earned $146.4 million, or 29 cents a share. Analysts expected earnings of 27 cents a share on revenue of $487 million, according to Thomson First Call. For the fourth quarter, Adobe expects revenue in the range of $490 million to $510 million, compared with Wall Street's forecast of $508.5 million. The stock was up 28 cents, or 1%, to $27.18 in after-hours trading.

Tektronix

( TEK) said it earned $14.1 million, or 17 cents a share, for the first quarter ended Aug. 27, compared with $36.4 million, or 43 cents a share, a year ago. Revenue for the quarter fell to $235.1 million from $250.5 million last year. Excluding certain items, earnings from continuing operations were $21.3 million, or 25 cents a share. Analysts polled by Thomson First Call expected earnings of 23 cents a share on revenue of $235.2 million. For the second quarter, Tektronix expects earnings from continuing operations of 25 cents to 29 cents a share on revenue of $240 million to $250 million. The stock was down 55 cents, or 2.17%, to $24.75 in after-hours.

Movie Gallery

( MOVI) says it is seeing the benefits of its acquisition of Hollywood Entertainment transaction sooner than expected. Movie Gallery said it expects to realize an increased savings of $20 million in 2005 and up to $50 million by the end of 2007 as a result of the deal. The company now expects third quarter same store revenue to decrease 8% to 10% compared to last year, and anticipates same store revenue for the fourth quarter flat to down 6%. The stock was up 65 cents, or 4.63%, to $14.68.

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CNF Inc

( CNF) reaffirmed its earnings from continuing operations of $1 to $1.08 a share for the third quarter 2005. "Despite the challenges presented by Hurricane Katrina, including some difficulty in obtaining fuel and some operational disruption, Con-Way and Menlo Logistics continue to provide industry-leading service with volumes exceeding levels seen during the same period last year, as expected," said Douglas W. Stotlar, president and CEO of CNF. The stock was unchanged at $50.79.

Charles & Colvard

(CTHR)

said it expects third quarter revenue of $11 million to $11.8 million versus $5.2 million last year. The company cited the expansion of its distribution networks for the strong sales. The stock was up $3.20, or 14.36%, to $25.48 in after-hours trading.

Trinity Industries

(TRN)

, a diversified industrial company, raised its earnings forecast for its third quarter and full year. The company said it now expects to earn 50 cents to 57 cents a share for the third quarter versus its previous estimate of 44 cents to 51 cents a share. For the full year, Trinity now sees earnings of $1.26 to $1.41 a share, compared with the previous guidance of $1.20 to $1.35 a share. "Our quarter-to-date earnings have been better than expected due to improved efficiencies in our North American Rail businesses and better than anticipated results in our construction-related businesses," said William A. McWhirter, vice president and CFO at Trinity. The stock was up $2.05, or 5.37%, to $40.25 in after-hours trading.

Owens-Illinois

(OI)

lowered its full-year 2005 earnings estimate, citing inflationary pressure and isolated operating issues. The company said it now expects earnings to be below the low end of its previously confirmed $1.76 to $2 range. The glass-container maker said that the lower earnings would also cause its debt reduction to fall below the lower end of its previously announced range of $150 million to $200 million. The stock was down $1.69, or 7.14%, to $21.98 in after-hours trading.