Oracle (ORCL) is likely to see some activity after it reported that its fourth quarter non-GAAP revenues rose 40% to $9.6 billion and its non-GAAP earnings climbed 30% to 60 cents per share. The consensus estimates had called for earnings of 54 cents per share on revenues of $9.50 billion.Meanwhile, Tibco (TIBX) said its second quarter net income rose to 8 cents per share from 6 cents per share reported for the year-ago period. The company’s non-GAAP earnings were 15 cents per share, higher than last year’s 11 cents per share. Revenues rose 21% year-over-year to $173.3 million. The consensus estimates had called for earnings of 13 cents per share on revenues of $161.35 million.
Accenture (ACN) may also be in focus after it reported that its third quarter net revenues rose 8% year-over-year to $5.57 billion. The company’s earning rose 5 cents to 73 cents per share. The results were ahead of expectations For the fourth quarter, the company expects revenues of $5.15 billion to $5.35 billion, trailing the $5.40 billion consensus estimate.
H&R Block (HRB) could move in reaction to its announcement that its fourth quarter net income from continuing operations rose to $2.11 per share, while revenues declined 5.1%to $3.9 billion. Analysts estimated earnings of $2.04 per share on revenues of $2.34 billion.
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Vornado (VNO) could also be in focus after it said it would record its 32.7% share of Toys “R” Us in its first quarter results. The company said its results would include a net loss of 10 cents per share compared to a loss of 8 cents per share last year. Vornado’s share of negative FFO for the June quarter will be 5 cents per share compared to 2 cents per share last year.
Adobe Systems (ADBE) is likely to see some activity after it said it has entered into structured stock repurchase agreements with large third-party financial institutions for the purchase of $400 million of its common stock. The company clarified that the repurchase will be done as part of the $1.6 billion stock repurchase authorization announced on June 22, 2010.
Finish Line (FINL) came under selling pressure in Thursday’s after hours session despite reported first quarter earnings from continuing operations of 25 cents per share, notably higher than the year-ago’s 3 cents per share. Net sales rose 9% to $282.4 million. Analysts estimated earnings of 15 cents per share on revenues of $283.32 million. The company also said its comparable store sales rose 7% year-over-year in June, reversing the 12.5% drop in the year-ago period.Research In Motion (RIMM) also receded in Thursday’s after hours session after reporting first quarter revenue growth of 24% to $4.24 billion, missing the consensus estimate of $4.35 billion. The company’s earnings rose 41% year-over-year to $1.38 per share, ahead of the $1.34 per share consensus estimate. The company’s board authorized the buyback of up to 31 million shares. For the second quarter, the company estimates earnings of $1.33-$1.40 per share on revenues of $4.4 billion to $4.6 billion. The consensus estimates call for earnings of $1.31 per share on revenues of $4.50 billion.
FuelCell (FCEL) may also move to the downside after it announced its intention to offer common stock in an underwritten public offering. The company also granted the underwriters a 30-day option to buy up to an additional 15% of common shares offered in the public offering to cover overallotments.
KB Home (KBH) is also expected to be in focus after it reported that its second quarter revenues totaled $374.1 million, down from $384.5 million in the year-ago quarter. The company reported a net loss of 40 cents per share compared to a net loss of $1.03 per share in the year-ago period. Analysts estimated a loss of 30 cents per share on revenues of $373.02 million.
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