Among the companies with shares expected to actively trade in
Friday's session are Gap Inc. (GPS), Pain Therapeutics Inc. (PTIE)
and Air Lease Corp (AL).
Gap issued fiscal first-quarter projections that beat consensus
estimates, while reporting same-store sales for April that were
stronger than expected. Shares rose 4.5% to $40.56 in premarket
trading.
Pain Therapeutics said Pfizer Inc. (PFE) is evaluating its
continued participation in the development of the pain-medicine
candidate Remoxy and doesn't know when a final decision will be
made. Shares of Pain Therapeutics dropped 50% to $2.82 premarket as
the developed of novel drugs released a letter from Pfizer in which
the drug maker said it is reassessing its endorsement of the Remoxy
program due to the "years of delay, additional cost incurred to
bring the program to this point and development work left in the
program."
A public stock offering by 3D Systems Corp. (DDD) priced at a
discount to Thursday's close. The 7.5 million offering priced at a
7% discount, at $40 a share. The three-dimensional-printer maker's
shares fell 6.5% to $40.20 premarket.
Air Lease's first-quarter earnings rose 49% as the jet-leasing
company recorded higher revenue from the rental of flight
equipment. Shares fell 8% premarket to $28.15 as the company's
earnings met analyst expectations but revenue fell short.
Ubiquiti Networks Inc.'s (UBNT) fiscal third-quarter earnings
fell 26% as the Internet-gear manufacturer reported weaker systems
revenue that was further pressured by higher operating expenses.
Shares jumped 20% to $19.28 premarket as the company issued upbeat
guidance for the current period.
Watchlist:
Air Methods Corp. (AIRM) swung to a first-quarter loss as the
provider of emergency medical transport services was hurt in part
by bad weather.
Allscripts Healthcare Solutions Inc. (MDRX) swung to a surprise
first-quarter loss amid restructuring-related charges,
acquisition-related impacts and other items while the electronic
health-records company also reported weaker revenue. Adjusted
earnings and revenue missed expectations.
Apollo Global Management LLC (APO) said its public offering of
about 21.1 million Class A shares owned by two co-founders and some
key investors will price at $25 a share.
Erickson Air-Crane Inc.'s (EAC) first-quarter loss narrowed as
the company posted stronger sales in its larger segment, and the
year-ago period saw a large dividend payout. However, adjusted
earnings significantly topped consensus estimates.
Molycorp Inc.'s (MCP) first-quarter loss widened sharply as
languid prices for the mining company's rare-earth products and the
high cost of production weighed on results, but revenue jumped,
exceeding Street expectations.
Priceline.com Inc.'s (PCLN) earnings grew 34% as the
online-travel agent delivered a typically better-than-predicted
quarter, supported by a new way of booking at its namesake brand
and expansion in emerging markets. But the market was unsettled by
Priceline's outlook, which predicted stable growth but still fell
short of expectations.
ServiceSource International Inc.'s (SREV) first-quarter loss
expanded on higher costs and expenses, as well as income-tax
provisions, but adjusted results topped consensus estimates.
Write to Anna Prior at anna.prior@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires