National Semiconductor rallied in Thursday's after hours session after it reported fourth quarter sales of $398.5 million, up 42% year-over-year. The company reported earnings of 33 cents per share compared to a loss of 28 cents per share in the year-ago period. Analysts estimated earnings of 28 cents per share on revenues of $384.19 million. For the first quarter, the company expects sequential revenue growth of 3%-5%.AMR Corp., the parent company of American Airlines, is likely to be in focus after it announced the appointment of Daniel Garton, an American Airline veteran, as the CEO of its regional carrier, American Eagle. The company also said it intends to evaluate possible divestiture of American Eagle.
Dell came under selling pressure in Thursday's after hours session after it said recorded a $100 million liability in its first quarter to set up a reserve for the potential settlement by the company of the previously reported SEC investigation on certain accounting and financial reporting matters. Giving effect to the planned charge, the company lowered its 2011 earnings per share by 5 cents per share, while maintaining its non-GAAP earnings per share unchanged.
Progressive Software could see some activity after it said its expects to meet or exceed its second quarter earnings per share guidance provided in late March. The company said then it expects non-GAAP earnings of 51-54 cents per share. However, the company expects revenues to be slightly below its earlier guidance of $129 million to $133 million in non-GAAP revenues. Analysts estimate earnings of 53 cents per share on revenues of $130.90 million. The company also outlined initiatives to drive long-term growth, including a 7%-9% reduction in its global workforce in its third quarter.RPM may also be in the focus after it said its performance coatings group has acquired Hummervoll Industribelegg, a supplier and installer of industrial flooring systems based in Bergen, Norway. The target company generated annual sales of more than $11 million. RPM did not divulge the financial terms of the deal, but said it expects the transaction to be accretive to earnings within one year.
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