Comverse Technology Inc, (CMVT), added that it told the Nasdaq Stock Market about the delay in filing its Form 10-Q and that it anticipates the exchange to issue an additional staff determination letter indicating this delinquency could serve as an additional basis for the potential delisting of its stock. In addition Verint Systems which is majority-owned by Comverse, posted sales of $87.7 million for Q1, up nearly 22% from a year-ago total of $72 million. Verint said that its Form 10-Q would also be delayed due to the ongoing probe of past stock option grants at Comverse, holder of a 57% stake in Verint.

Lehman Bros, (LEH), broker, reported that its Q2 earnings advanced 47% to $1.69 a share, up from $1.13 a share in the year-ago period due to strong underwriting and merger activity along with rising capital markets revenue boosted results. The firm said its revenue was $4.4 billion, compared to $3.3 billion a year ago. The company topped analysts’ forecasts for the company to earn $1.61 a share.

AEP Industries Inc, (AEPI), maker of plastic packaging products, reported Q2 earnings of $2.08 a share, up from a loss of $4.43 a share a year-ago on 8% sales growth. The company said the sales increased to higher unit prices, offseting a 3.1% decline in sales volume.