Asian traders are following through on the big Monday rally in the U.S. In early Tokyo trading, the benchmark Nikkei 225 was up 240.48, or 1.3%, to 19.249.12. Smaller bourses were faring even better, with Taiwan's Taiwan Weighted index up 2.8%, Singapore's Straits Times index up 3.4% and Korea's Kospi up 5.9%.
Elsewhere in the Pacific region, Australia's
index was up 2.6% and New Zealand's
was up 2.1%.
reported first-quarter earnings of 55 cents a share, above the 27-analyst estimate of 53 cents and the year-ago 34 cents. The company said strong demand for wireless communications chips helped boost net income by 69%. Texas Instruments said it expects robust growth to continue in its semiconductor business, driven by strength in communications end-equipment markets, including wireless and broadband.
For more on Texas Instruments'
earnings, see separate coverage from
Internet advertising giant
reported a first-quarter loss of 11 cents a share, in line with the 22-analyst estimate, but wider than the year-ago loss of 6 cents a share. The company posted a net loss of $13.1 million, compared with a loss of $6.1 million a year ago. However, revenues nearly tripled, to $110.1 million compared with $39.4 million in the year-ago period.
The company recently
iced a plan to identify and distribute the names of Web site visitors amid mounting criticism over how some Internet companies gather and use personal information.
For more on DoubleClick's
earnings, see separate coverage from
posted second-quarter pro forma earnings of 18 cents a share, well above the six-analyst estimate of 11 cents and the year-ago 3 cents. The Internet portal said revenues quadrupled and daily viewing of its Web sites nearly tripled.
In other postclose news (
earnings estimates from First Call/Thomson Financial; earnings reported on a diluted basis unless otherwise specified
Earnings/revenue reports and previews
warned it expects first-quarter earnings will fall short of the seven-analyst estimate of 12 cents a share due to late orders from customers. The company said first-quarter earnings will be between 5 cents and 7 cents a share.
reported a second-quarter loss of 66 cents a share excluding charges. The six-analyst estimate was for a loss of $1.51 a share, while the year-ago loss was $1.28 a share. Including the charge, the company's loss in the most recent quarter was $1.49 a share.
posted first-quarter earnings of 39 cents a share, beating the 11-analyst estimate of 37 cents and the year-ago 32 cents.
, the parent of
, announced that it expects to surpass estimates for the first-quarter by 10%. The current three-analyst estimate calls for Ida to report 77 cents a share. The company said profits will beat that level even before considering a $14 million pre-tax gain on its sale in February of the
Hermiston Power Project
Lone Star Tech
reported first-quarter earnings of 29 cents a share, well above the four-analyst estimate of 21 cents and the year-ago break-even results which the company said were anti-dilutive.
Packaging Corp. of America
" posted first-quarter earnings of 22 cents, ahead of the four-analyst estimate of 20 cents and the year-ago pro forma loss of 14 cents a share.
said same-store sales rose 9.9% in March.
, a holding company for public utility companies, posted first-quarter earnings of 37 cents a share, a penny better than the 13-analyst estimate and up from the year-ago 32 cents a share. The company also said it was proceeding with the expected sale of
stock to the public.
Mergers, acquisitions and joint ventures
Financial services company
has agreed to acquire long-term care insurance firm
Associated California State Insurance Agencies
, the third-largest U.S. organization of its type, from
, another financial services business. Terms of the deal were not disclosed.
Integrated electronics maker
agreed to acquire competitor
in a stock swap valued at about $984 million. Sanmina said each share of Hadco stock will be converted into 1.4 shares of Sanmina stock.
Offerings and stock actions
, a McLean, Va.-based company which makes software for online retailers, asked securities regulators to withdraw its planned IPO, citing unfavorable conditions. OneSoft had planned to net about $53.1 million through the sale of 4.5 million shares for $12 to $14 a share.
President and CEO John Chambers is expected to join Wal-Mart's board, pending approval by its shareholders.