NEW YORK (CNN/Money) -
Investors jumped back into the game Tuesday and a handful of late-day corporate announcements may help to keep their eyes on the ball Wednesday.
Goodyear Tire & Rubber Co. (GT: Research, Estimates) asked the Securities and Exchange Commission for more time to file its annual 10-K report due to an ongoing investigation of overseas accounting problems.
The news dragged the tire maker's shares 8.8 percent lower than its $7.84 Nasdaq closing price to $7.15 on the INET electronic brokerage.
Scholastic Corp. posted a wider net loss for its third fiscal quarter but said its revenues jumped 9 percent to $474 million from $433.7 million in the year-earlier period.
The publisher, best known for its Harry Potter books, said its net loss ballooned to $6 million, or 15 cents per share, versus a net loss of $500,000, or a penny per share, during the same period last year.
Scholastic (SCHL: Research, Estimates) shares closed at $31.17 on the Nasdaq.
Angiotech Pharmaceuticals said it recorded a deeper quarterly loss mainly due to the stronger Canadian dollar.
Angiotech, which makes drug coatings for surgical stents, or small devices used to prop open arteries, reported a loss of C$19.1 million, or 23 Canadian cents a share, compared to a loss of C$6 million, or 9 Canadian cents a share, in the year-ago period. (One Canadian dollar is equal to about 75 cents)
The Vancouver, British Columbia-based drug company said the results were for a transitional "fifth quarter," noting that it is changing its fiscal year-end to December from September.
Angiotech (ANPI: Research, Estimates) shares fell 7.2 percent to $21.48 on INET after having closed at $23.14 on the Nasdaq.
A wider-than-anticipated fourth-quarter loss knocked shares of Discovery Laboratories (DSCO: Research, Estimates) 8.7 percent lower to $10.85 on INET. The shares closed at $11.88 on Nasdaq.
The biopharmaceutical company reported a net loss of $8.7 million, or 21 cents per share, versus a $5.3 million, or 17 cents a share, net loss in the year-earlier quarter.
Revenues skidded by 215 percent to $183,000, missing Wall Street's expectations for sales of $380,000.
More earnings are on the way for Wednesday with Bear Stearns (BSC: Research, Estimates), FedEx (FDX: Research, Estimates), and Darden Restaurants (DRI: Research, Estimates) announcing their quarterly results.
Morgan Stanley (MWD: Research, Estimates), Barnes & Noble (BKS: Research, Estimates), Nike (NKE: Research, Estimates), and Adobe Systems (ADBE: Research, Estimates) are scheduled to present their quarterly results on Thursday.
--from staff and wire reports
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