New Era of Networks

(NEON) - Get Report

warned it will report a second-quarter loss of 12 cents to 22 cents share, significantly below the nine-analyst

First Call

prediction for a repeat of the year-ago profit of 12 cents. The company's stock collapsed to 20 in after-hours trading from a close of 44 1/16. New Era, which makes a system for automating enterprise application integration, blamed infrastructure expenses and sales that didn't close by the end of the quarter.

Long Term Capital Management

, the hedge fund bailed out last fall by a group of 14 banks, said it will return $1.3 billion to investors -- $1 billion to the banks and $300 million to investors other than LTCM insiders and affiliates.

In other postclose news (earnings estimates from First Call; earnings reported on a diluted basis unless otherwise specified):

Earnings/revenue reports and previews

Delta

(DAL) - Get Report

said its June load factor slipped 1.4% to 77.6%.

Dollar Tree Stores

(DLTR) - Get Report

said its second-quarter same-store sales rose 1.8%. Separately,

Rite Aid

(RAD) - Get Report

said its June same-store sales jumped 7.9%.

Melita

(MELI) - Get Report

said it will report second-quarter earnings of 12 cents to 14 cents a share, below both the four-analyst view of 23 cents and the year-ago 17 cents. The company cited several sales that were expected to be completed in the second quarter but will instead take place in the third quarter.

NCI Building Systems

(NCS) - Get Report

said its third-quarter earnings will hop 20% from a year ago, but that's not as much as previously expected. The seven-analyst view called for 82 cents a share vs. the year-ago 58 cents. NCI Building said gains won't reach previous expectations due to cost pressures and inefficiencies in manufacturing operations.

Printronix

(PTNX)

posted first-quarter earnings of 36 cents a share, topping the single-analyst forecast for 32 cents but falling below the year-ago 43 cents.

Respironics

(RESP)

said it expects to report fourth-quarter earnings of 18 cents a share, which would be a dime below the 10-analyst estimate of 28 cents but above the year-ago 17 cents. The company also said it will cut its worldwide workforce by 10% as part of a restructuring to focus on research and development.

Vantive

(VNTV)

said it expects to post a second-quarter loss of 12 cents to 14 cents a share including a 7-cent restructuring charge. The 10-analyst forecast called for earnings of 4 cents vs. the year-ago loss of 31 cents. The company also announced a $10 million repurchase program.

Waste Management

(WMI)

warned it sees second-quarter earnings of 67 cents to 70 cents a share, which would miss the 14-analyst forecast for 78 cents but top the year-ago 41 cents. The company blamed lower-than-expected North American revenue and said the revenue shortfall will similarly hurt future quarters.

Mergers, acquisitions and joint ventures

HCR Manor Care

(HCR) - Get Report

sold 21 assisted living residences to

Alterra Healthcare

(ALI)

for $140 million.

Magna

(MGA) - Get Report

said its

MI Venture

non-automotive group agreed to buy

Gulfstream Park Racing Association

for $87 million.

Oneida

(OCQ)

rejected a $37.50-a-share offer from

Libbey

(LBY) - Get Report

. Oneida said it rejected the offer due in part to the absence of committed financing and to significant antitrust issues raised by a possible combination with Libbey.

Telmex

(TMX)

said it received approval from the

Federal Communications Commission

to take control of a long-distance business it once operated jointly with

Sprint

(FON)

.

Offerings and stock actions

Ferris Baker Watts

priced

Musicmaker.com's

(HITS:Nasdaq) 8.4 million-share IPO top-range at $14. The company is an online music retailer.

Miscellany

The

Labor Department

sued

Boeing

(BA) - Get Report

, alleging the aerospace giant interfered with government investigations of discrimination.

Franklin Covey

(FC) - Get Report

said Jon Rowberry resigned as chief executive and that Chairman Robert Whitman will serve as interim CEO while the company conducts a search for a permanent replacement.