Among the companies with shares expected to actively trade in
Thursday's session are Bed Bath & Beyond Inc. (BBBY), Apogee
Enterprises Inc. (APOG) and Norfolk Southern Corp. (NSC).
Bed Bath & Beyond's fiscal second-quarter income fell 2.2%
in results muddled by its first acquisitions in nearly half a
decade, which hoisted sales but sank the bottom line. Shares
dropped 4.4% to $65.75 after hours as the company posted its first
decline in quarterly profit in more than three years.
Apogee swung to a fiscal second-quarter profit as the
industrial-glass maker saw volume and pricing improve in its core
architectural glass business. The results beat Wall Street
expectations and shares jumped 16% after hours to $20.48.
Norfolk Southern projected third-quarter earnings below analyst
expectations, pointing to volume declines and lower revenues from
fuel surcharges. The railroad's shares sank 5.1% to $68.99 after
hours. The warning also weighed on shares of fellow railroads CSX
Corp. (CSX) and Union Pacific Corp. (UNP). CSX shares were down
4.2% to $21.84 and Union Pacific shares were off 2.4% to $122.
AAR Corp.'s (AIR) fiscal first-quarter profit rose 9.6% as the
aviation products and services supplier benefited from improving
sales to commercial customers, as well as acquisitions. The company
also raised its full-year earnings outlook. Shares rose 5.4% to
$18.10 after hours.
Ascent Solar Technologies Inc. (ASTI) said it plans to offer
common stock, but didn't detail how many shares it would offer. The
maker of photovoltaic modules plans had 41.3 million shares
outstanding as of July 26. Shares slid 7.7% to $1.55 after
hours.
Cheniere Energy Partners LP (CQP) is launching an offering of 8
million common units representing limited partner interests. The
limited partnership plans had 31.5 million common units outstanding
as of Aug. 2. Units slipped 4.9% to $24.96 after hours.
Clarcor Inc.'s (CLC) fiscal third-quarter earnings slipped 5.6%
as the filter-and-packaging company's sales in its engine
filtration and packaging businesses slipped. Results missed
expectations and the company again lowered its full-year guidance,
sending shares down 3.4% to $47.90 after hours.
Herman Miller Inc.'s (MLHR) fiscal first-quarter profit shrank
19% as the office-furniture company posted softer revenue and had
fewer orders as North American demand continued to lag. The company
projected second-quarter results below analyst expectations. Shares
dropped 7.2% to $18.85 after hours.
Horizon Pharma Inc. (HZNP) intends to offer units, consisting of
common stock and a warrant to purchase 0.5 of a share of common
stock. The biopharmaceutical company didn't detail how many units
it plans to offer. It had 33.8 million shares outstanding as of
Aug. 7. Shares were off 7.2% to $4.25 after hours.
Steelcase Inc.'s (SCS) fiscal second-quarter earnings more than
doubled as the office-furniture maker posted broad-based sales
growth and posted fewer restructuring charges. Shares rose 6.6% to
$10.18 after hours as adjusted earnings and revenue topped
expectations.
Watchlist:
Adobe Systems Inc.'s (ADBE) fiscal third-quarter earnings
climbed 3.2%, driven by growth in its Creative Cloud and digital
marketing tools, as the transition to subscription services and
away from packaged software gained momentum.
AOL Inc. (AOL) on Wednesday announced a new chief financial
officer and board member, the company's biggest public move to
shore up its leadership ranks since winning a proxy battle over an
activist shareholder in June.
Approach Resources Inc. (AREX) priced its offering of 5 million
shares at a 0.9% discount to its Wednesday close.
Fitch Ratings placed Dole Food Co.'s (DOLE) speculative-grade
ratings on watch for a possible upgrade on expectations that Dole
will use most of the proceeds from the pending sale of its packaged
foods and Asia fresh produce businesses to reduce debt.
Standard & Poor's Ratings Service removed its ratings on
Lowe's Cos. (LOW) from watch for a possible downgrade after the
home-improvement retailer dropped its $1.81 billion bid for
Canadian rival Rona Inc. (RON.T).
Northrop Grumman Corp. (NOC) has authorized the buyback of an
additional $2 billion in stock as the defense contractor seeks to
boost shareholder returns.
Raymond James Financial Inc.'s (RJF) client assets under
administration rose to $383 billion last month, even as the equity
market remained weak.
Simon Property Group Inc. (SPG) said its stockholder Melvin
Simon Family Enterprises Trust is offering about 5.9 million
shares, representing its entire direct-ownership stake in the
company and its operating partnership. Simon Property, the largest
mall owner in the U.S., had 309.2 million shares outstanding as of
Sept. 19.
THL Credit Inc. (TCRD) unveiled plans to offer 5.3 million
shares as the investment company looks to raise funds to repay debt
and for general corporate purposes. The company had 20.2 million
shares outstanding as of July 30.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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