Among the companies with shares expected to actively trade in
Thursday's session are Lions Gate Entertainment Corp. (LGF), TiVo
Inc. (TIVO) and Talbots Inc. (TLB).
Lions Gate Entertainment swung to a fiscal fourth-quarter loss
as the movie and television studio saw higher marketing and
acquisition expenses overshadow soaring revenue from its two
blockbuster young-adult series. Shares slid 3.5% to $12.40
premarket amid the surprise loss.
TiVo swung to a fiscal first-quarter loss as litigation and
marketing expenses rose, though the company reported an increase in
subscribers. Shares slid 5.7% to $8.45 premarket as the company
also issued a downbeat second-quarter outlook.
Talbots agreed to be acquired by Sycamore Partners in a deal
valued at about $193.3 million, far less than the struggling
retailer stood to receive in a potential deal that fell apart last
week. The struggling retailer's shareholders will receive $2.75 a
share, down from the former offer of $3.05 a share. Shares more
than doubled premarket to $2.58 after tanking in the wake of the
failed bid.
Leap Wireless International Inc.'s (LEAP) Cricket prepaid phone
service will start selling Apple Inc.'s (AAPL) iPhone next month,
making it the first prepaid carrier to offer the device in the U.S.
Shares jumped 5.8% to $5.77 in premarket trade following the
disclosure.
Ciena Corp.'s (CIEN) fiscal second-quarter loss narrowed amid
fewer acquisition and integration-related charges and as the
network gear maker also posted stronger-than-expected revenue
growth. Shares were up 6.7% at $12.68 in premarket trading as Ciena
reported a surprise adjusted profit. Peer JDS Uniphase Corp. (JDSU)
also traded up, gaining 0.7% to $10.07 premarket.
Movado Group Inc.'s (MOV) fiscal first-quarter profit surged as
the luxury watchmaker had robust sales growth of its accessible
luxury and licensed-brand categories. Shares climbed 2.6% to $29.21
premarket.
Joy Global Inc.'s (JOY) fiscal second-quarter earnings rose 32%
as the mining equipment maker increased shipments in its core
underground and surface mining businesses, helped by recent
acquisitions. But while its results topped consensus, the company
isn't terribly optimistic near-term, listing a litany of concerns
ranging from slowing growth in China to the euro-zone woes to a
lack of economic catalysts in the U.S. Shares slipped 1.9% to
$57.76 premarket.
F5 Networks Inc. (FFIV) said its head of worldwide sales,
Executive Vice President Mark Anderson, resigned after about eight
years with the network-equipment provider company. He was replaced
by Dave Feringa, senior vice president for Americas sales. Shares
dropped 3.7% premarket to $103.60 amid the departure.
National Oilwell Varco Inc. (NOV) agreed to acquire CE Franklin
Ltd. (CFK, CFT.T) for about C$231 million, giving the manufacturer
of energy-production equipment a supplier of similar products.
National Oilwell plans to pay C$12.75 per share for CE Franklin, a
36% premium over its Wednesday closing price on the Toronto Stock
Exchange. CE Franklin's U.S.-traded shares jumped 35% to $12.25
premarket.
Chelsea Therapeutics International Ltd. (CHTP) said a recent
clinical study of its investigational rheumatoid arthritis
treatment CH-4051 missed a primary endpoint and the small drug
maker had no further plans to develop the medication. Shares fell
18% to $1.60 in premarket trading.
BioMarin Pharmaceutical Inc. (BMRN) said it will offer 6.5
million shares and retained broad discretion on the use of the
funds. Shares were down 4% at $36.76 premarket.
Coldwater Creek Inc.'s (CWTR) fiscal first-quarter loss narrowed
as the women's apparel retailer reported lower overhead costs and
improved margins, though revenue fell more than expected. Shares
rose 6.6% premarket to 90 cents.
Watchlist:
Biopharmaceutical firm Alkermes PLC (ALKS) said it won't advance
its study of its opioid-induced constipation treatment, ALKS 37,
after the drug failed to meet the company's goals in a recent
trial.
AptarGroup Inc. (ATR) has agreed to acquire the Stelmi Group, a
maker of elastomer primary-packaging components for injectable drug
delivery, for approximately EUR165 million ($207 million) in a deal
that expands the dispenser maker's offerings for the pharmaceutical
industry.
AT&T Inc. (T) reached a tentative agreement for a one-year
contract extension for nearly 7,000 core wireline workers, an
agreement that comes before the contract expires on June 23.
Endologix Inc. (ELGX) said it planned to offer 2.7 million
shares, as the company looks to use the proceeds for
general-corporate needs, which may include research and development
and capital expenditures.
MSCI Inc. (MSCI) said Chief Financial Officer David M. Obstler
will resign to pursue other interests, and Robert Qutub was
appointed to replace him.
Noble Energy Inc. (NBL) agreed to sell its stake in certain
properties in the U.K.'s North Sea to Maersk Oil North Sea Ltd. for
about $127 million, as the oil-and-gas explorer continues to divest
its noncore properties.
NV Energy Inc. (NVE) on Wednesday said its Chief Financial
Officer Dilek Samil would become chief operating officer, and named
Caesars Entertainment Corp.'s (CZR) financial chief Jonathan
Halkyard as its new CFO.
Tengion Inc. (TNGN) said its board approved a 1-for-10 reverse
stock split in an effort to raise the clinical-stage regenerative
medicine company's per-share trading price above $1 to comply with
Nasdaq listing requirements.
Zumiez Inc. (ZUMZ) posted a 13.7% jump in May same-store sales
while analysts expected a 6.6% rise. The company has been on a
tear, delivering strong numbers as teenage consumers respond to its
surfing- and snowboarding-related apparel.
-Edited By Corrie Driebusch and Nathalie Tadena, Dow Jones Newswires; 212-416-2143; corrie.driebusch@dowjones.com