Bioanalytical Systems BASI, +3.14% said after the market closed Friday that its third-quarter earnings will be hampered by cancellations of drug trials by two of its clients. The company offers medical research services. Shares rose 1/16 to 3 7/8 ahead of the news.
Radio and outdoor giant Clear Channel Communications CCU, -0.44% is expected to report second-quarter earnings sometime next week. Analysts surveyed by First Call expect cash flow -- a key unit of measurement for many media companies -- to come in at 52 cents per share, up from 43 cents a year ago. Their average earnings estimate is 8 cents per share.
Deutsche Telekom dt priced its secondary offering at 39.50 euro a share Sunday, Reuters reported. The company hasn't given a clear indication how it will spend the expected 11 billion euros that'll be raised through the issue. See full story. Shares closed down 2 at 41 11/16.
Goldman Sachs GS, +0.43% is reportedly considering a $6.5 billion (4 billion pound) bid for London-based fund manager Amvescap, according to the Mail on Sunday. Shares of Amvescap AVZ, -2.38% closed off 3/16 to 42 5/8 Friday, ahead of the report. Goldman Sachs closed up 1 3/16 to 66 1/4. See full story.
Graham-Field Health Products GFI, +2.19% said after the market closed Friday that it's leaving the New York Stock exchange and will pursue "alternative exchanges and markets." "Our impending move to another exchange or market was prompted by officials at the New York Exchange who informed us that the company no longer met the NYSE continued listing criteria," said Jack McGregor, Graham-Field's president and chief executive, in a statement. The company makes medical, surgical and other health care products for the home health care and medical/surgical markets. The stock closed unchanged at 1 15/16. See press release.
Federal Express FDX, -4.54% is expected to report fiscal fourth-quarter earnings sometime next week. Analysts polled by First Call are looking for a profit of 71 cents per share.
General Mills GIS, -0.91% the nation's No. 2 cereal maker, is expected to report fiscal fourth-quarter earnings next week. The average estimate of analysts who responded to a First Call survey is 66 cents per share, up from 57 cents a year ago.
Penobscot Shoe PSO, -0.18% said its second-quarter profit from operations was $491,000, or 35 cents per share, up from $133,000, or 10 cents, in the year-ago period. First Call had no consensus estimate on the company. Shares rose 1/8 to 9 1/8.
Planet Hollywood PHL, +0.00% said on Friday that William Baumhauer, president and chief operating officer, has resigned. Shares of the beleaguered theme restaurant chain closed unchanged at 11/16 Friday.
UnitedGlobalCom ucoma announced Sunday that it won't purchase 2.15 million Class B shares from Apollo Cable Partners and 250,000 Class B shares from one director of the company, as part of its previously announced offering of cumulative convertible preferred stock. Shares of the company closed up 1/8 to 63 1/2 Friday ahead of the news.
Retailer Walgreens wag is expected to report fiscal third-quarter earnings next week. Analysts polled by First Call are looking for a profit of 15 cents per share, compared with 13 cents a year ago.