shares rose 1.6% in after-hours trading Wednesday after the company said it has seen strong demand across a broad range of its semiconductor products in the fourth quarter. The company now expects to earn 38 cents to 40 cents a share, on revenue of $3.56 billion to $3.705 billion, in the period. TI's previous guidance called for earnings of 36 cents to 40 cents a share on revenue of $3.425 billion to $3.715 billion. The earnings forecast includes about 3 cents a share in stock-option costs. Analysts polled by Thomson First Call expect earnings of 41 cents a share, excluding the options charges, and revenue of $3.6 billion. The stock was up 54 cents to $34.10 in after-hours trading.
Central Garden & Pet
said it earned $6.7 million, or 31 cents a share, for the fourth quarter ended Sept. 24, up from $5.2 million, or 25 cents a share, a year ago. Revenue rose 4% to $323 million from $310.8 million. Analysts expected earnings of 30 cents a share and revenue of $322.9 million. Central Garden reaffirmed its projection for fiscal 2006 earnings of $2.80 to $2.90 a share, with revenue of $1.45 billion to $1.47 billion. Wall Street's forecast calls for earnings of $2.83 a share and sales of $1.46 billion. The pet and garden supply retailer also said its board has authorized the repurchase of up to $100 million of stock. The stock was down 95 cents, or 2.1%, to $43.50 in late trading.
announced it expects sales for the December quarter to increase 4% to 8% sequentially due to better-than-expected sales from customers in North America and Asia Pacific. The chipmaker's prior guidance projected sales growth of 1% to 5% growth. Xilinx said it has elected to repatriate $500 million of foreign earnings under the American Jobs Creation Act of 2004. The company will record a tax charge of $27 million in the quarter. The stock was higher by 71 cents, or 2.7%, to $27.19 in after-hours trading.
expanded its share-repurchase plan by 5 million shares. The homebuilder completed a 5 million-share buyback announced Oct. 3. Centex also said it will be entering into a Rule 10b5-1 share repurchase plan with a broker to facilitate the share repurchases under the new authorization. This particular plan will start Jan. 3, and the company will repurchase up to 1.5 million shares. The plan will expire on Jan. 31, or when all of the shares are repurchased. The stock was down 25 cents to $70.23 in after-hours trading.
( NTOP) first-quarter loss narrowed to $7.2 million, or 9 cents a share, from $8.2 million, or 11 cents a share, a year ago. Excluding certain items items, the company had a loss of $4 million for the quarter ended Oct. 31. The voice-over-IP service provider said revenue rose slightly to $21.7 million from $20.3 million. "I'm very pleased with the results of this quarter as both top and bottom line improvements concretely point to our ability to both grow the business and drive towards profitability," said Liore Alroy, Net2Phone's CEO, in a statement. The stock was unchanged after hours at $1.96.
fell 8% after the company lowered its second-quarter earnings forecast and reported a 3% rise in November same-store sales. The restaurant operator predicted second-quarter earnings of 54 cents to 56 cents a share, before about 10 cents in charges related to stock-based compensation expense. The company's previous guidance called for earnings of 56 cents to 58 cents a share, excluding 9 cents in charges. The owner of Chili's and On the Border also shaved the top end off its earnings forecast for fiscal 2006. The stock was down $3.16 to $37.50.
( VTS) reported first-quarter net income of $11.8 million, or 32 cents a share, easily beating Wall Street's forecast of 20 cents a share. The company's sales of $168.7 million topped Wall Street's projection of $155.4 million. Last year, the oil-services company posted net income of $1 million, or 3 cents a share, on sales of $129.6 million. "Our commitment to excellence in data library produced particularly robust growth in the quarter as we continued to see increased exploration interest from our customers worldwide," said Thierry Pilenko, chairman and CEO, in a statement. Shares of Veritas DGC were up $3.64, or 11%, to $37.92 in after-hours trading.