Stocks to Watch: H&R Block, Restoration Hardware, AIG

SAN FRANCISCO (MarketWatch) — Among the companies whose shares are expected to see active trade in Wednesday’s session are H&R Block Inc., Restoration Hardware Holdings Inc., and American International Group Inc.

H&R Block Inc.
 is projected to report fiscal fourth-quarter earnings of $3.23 a share, according to a consensus survey by FactSet.

Restoration Hardware
 is forecast to post first-quarter earnings of 11 cents a share.

The H&R Block Inc. logo is displayed in front of the company’s flagship office in New York.


After Tuesday’s closing bell, AIG
 said it has named Peter Hancock as new chief executive officer to succeed Robert Benmosche effective Sept. 1. Benmosche will remain in an advisory role at AIG and continue to be involved in AIG’s internal leadership development programs. Shares of AIG fell 0.5% in after hours.

Ulta Salon Cosmetics & Fragrance Inc.
 late Tuesday reported first-quarter earnings rose to 77 cents a share from 65 cents a share a year ago. Revenue grew to $713.8 million from $582.7 million. Ulta shares surged more than 7% in after-hours trading.

Standard & Poor’s Ratings Services placed Tyson Foods Inc.’s
 ratings on review, which may results in a downgrade, after it reached a deal to buy Hillshire Brands Co. for $8.55 billion on Monday. “We believe debt balances will materially increase, and the degree to which Tyson reduces leverage to levels that support the existing ‘BBB’ ratings largely depend on the mix of debt and equity,” said the ratings agency in a statement. Tyson shares were flat in extended trading.

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