Among the companies with shares expected to actively trade in
Thursday's session are Guess Inc. (GES), Fresh Market Inc. (TFM)
and Corinthian Colleges Inc. (COCO).
Guess' fiscal second-quarter earnings fell 7.1%, as the clothing
retailer's margins were weakened by higher costs. However, shares
jumped 16% to $31.60 in premarket trading, as the company easily
beat its quarterly guidance.
Fresh Market's fiscal second-quarter earnings rose 17%, as the
specialty grocer recorded a double-digit increase in sales. Still,
shares fell 4.9% to $51.60 premarket, as the company lowered its
full-year per-share earnings guidance, though it lifted the low end
of its same-stores sales outlook.
Corinthian Colleges gave weak guidance, as chief executive Jack
Massimino expects the for-profit educator to face "another
challenging year," though it does expect new-enrollment growth this
quarter at its physical locations. Online hasn't been without its
hiccups either for the company, as fiscal fourth-quarter
enrollments there were weaker than expected. Shares fell 6.1% to
$2.45 premarket.
Signet Jewelers Ltd.'s (SIG, SIG.LN) fiscal second-quarter
earnings slipped 4.7%, as the retailer continued to see weak sales
in the U.K., while higher costs pressured margins. Revenue growth
was weaker than consensus, and the company gave a downbeat profit
view for the current quarter. Shares fell 4.9% to $66.40
premarket.
Shanda Games Ltd.'s (GAME) second-quarter earnings rose 21%, as
the game developer's results were boosted by an income-tax benefit
and improved margins. The company's American depositary shares were
up 3.3% at $5.34 premarket, as earnings were better than analysts
had expected.
Watchlist:
Altera Corp.'s (ALTR) board increased the number of shares the
chip maker can repurchase, expanding a buyback program that now has
the authority to repurchase about 13% of the company's shares
outstanding. Shares rose 1% to $35.13 after hours.
Standard & Poor's Ratings Services upgraded its ratings on
three U.S. wireless-tower operators--American Tower Corp. (AMT),
Crown Castle International Corp. (CCI) and SBA Communications Corp.
(SBAC)--noting their business-risk profiles have improved based on
key fundamentals that have prevailed over the past several
years.
Casella Waste Systems Inc.'s (CWST) fiscal first-quarter loss
narrowed, as an increase in volume boosted the waste-management
company's revenue. Results topped analyst expectations, and the
company lifted its full-year guidance.
Urban Outfitters Inc.'s (URBN) board authorized a 10-million
share-buyback program, the fourth time the clothing retailer has
announced such a move since 2006.
Write to Anna Prior at anna.prior@wsj.com
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