Among the companies with shares expected to actively trade in
Friday's session are Amazon.com Inc. (AMZN), Cytokinetics Inc.
(CYTK) and Visa Inc. (V).
AbbVie Inc.'s (ABBV) first-quarter earnings edged up 1.2% on
continuing strong sales of arthritis drug Humira. Results beat
expectations, pushing shares up 1.9% to $50.25 premarket.
Amazon.com reported another quarter of skimpy profits, despite
better-than-expected revenue growth, as the Web-commerce giant
spent heavily on shipping, cloud computing and other initiatives.
Shares slid 5.1% to $320 premarket.
Baidu Inc. (BIDU) said its first-quarter revenue rose 59%,
topping expectations, driven by growth in the company's core search
business. Shares climbed 3.8% to $165.88 premarket.
Broadcom Corp. (BRCM) said its first-quarter profit fell 14% as
the chip maker's revenue and product margin slipped, sending shares
down 4.4% to $29.78 premarket.
Shares of CalAmp Corp. (CAMP) slid 12% to $21.71 premarket after
the wireless and satellite communications company issued outlook
for the fiscal first quarter that missed Wall Street's
expectations.
Shares of Clean Harbors Inc. (CLH) jumped 6.1% to $61.54
premarket after an activist shareholder disclosed a stake in the
waste-disposal company and lamented what it described as
undervalued shares.
Biopharmaceutical company Cytokinetics said a clinical trial of
its drug to treat amyotrophic lateral sclerosis, or ALS, failed to
reach its primary efficacy goal, and a secondary efficacy analysis
produced mixed results. Shares plunged 61% to $5.06 in premarket
trading.
DTE Energy Co. (DTE) said its first-quarter earnings jumped a
better-than-expected 39%, as the energy company's utilities posted
sharply higher results amid harsh winter weather. Chief Executive
Gerard M. Anderson said "extremely cold weather" during the quarter
"drove exceptionally high energy demand." Shares rose 1.8% to
$78.50 premarket.
Lear Corp. (LEA) said its first-quarter profit rose 12% as the
automotive-seating and electric-systems company posted strong sales
growth in Europe, Africa and Asia. The company increased its
full-year revenue projections, pushing shares up 2.5% to $87
premarket.
Marketo's (MKTO) shares jumped 7.8% to $31 premarket after the
marketing software company reported better-than-expected results
for the latest quarter and issued rosy outlook targets.
Microsoft Corp. (MSFT) posted a smaller-than expected decline in
profit in its fiscal third quarter, buoyed by sales strength in its
consumer segment and a decline in operating expenses. Shares edged
up 1.5% to $40.45 premarket.
Pandora Media Inc.'s (P) fiscal first-quarter loss narrowed as
the Internet-radio provider reported a sharp jump in advertising
and subscription revenue that outpaced content costs. But the
number of active listeners fell short of what Wall Street expected,
pressuring shares, which were down 6.4% at $26.41 premarket.
Starbucks Corp. (SBUX) reported higher earnings for its fiscal
second quarter as customers continued to indulge in specialty
coffees and baked goods. Shares edged up 1.7% to $72.26
premarket.
Touchscreen-technology company Synaptics Inc. (SYNA) swung to a
fiscal third-quarter loss as costs associated with the company's
acquisition of a fingerprint sensor company masked a jump in
revenue. But the company gave a strong revenue outlook for the
current quarter and boosted its top-line view for the year. Shares
climbed 9.4% to $70 premarket.
Visa said quarterly earnings rose 26% on higher operating
revenue and payments volume, noting that spending trends have shown
further improvement in the first three weeks of April. But the
company said the year's revenue growth is now seen coming in at the
low end of prior guidance, pushing shares down 4.3% to $200.40
premarket.
Weatherford International Ltd. (WFT) swung to a first-quarter
loss as the oil-field services company recorded severance and exit
costs associated with its restructuring plan and workforce cuts.
Shares edged up 3.8% to $19.10 premarket.
Whirlpool Corp. (WHR) said its first-quarter sales rose, driven
by gains in most of the company's regions. Earnings, though, missed
analysts' expectations, pushing shares down 6.3% to $145
premarket.
Watch List:
American Electric Power Co. (AEP) said its first-quarter
earnings climbed 54% thanks to higher demand for energy and
increased power prices. Results beat expectations, and the company
increased its 2014 earnings guidance.
Burger King Worldwide Inc. (BKW) said its first-quarter earnings
climbed 69% as the fast-food chain reported a sharp drop in company
restaurant expenses masked a decline in revenue. Earnings slightly
beat expectations.
Colgate-Palmolive Co. (CL) said its first-quarter earnings fell
16% as the consumer-products company recorded a charge tied to
Venezuela's moves related to the exchange rate for foreign
investments, masking a slight increase in sales that narrowly
topped expectations.
Prestige Brands Holdings Inc. (PBH) on Friday said it has
reached a deal to buy Insight Pharmaceuticals Corp. for $750
million in cash. Insight markets and distributes feminine care and
other over-the-counter healthcare products such as the Monistat
brand of yeast infection treatments and EPT home pregnancy
tests.
Wet Seal Inc. (WTSL) said it will begin winding down its Arden B
brand. By the start of the back-to-school season in late July, the
company said it expects to have transitioned 31 Arden B stores to
Wet Seal Plus merchandise, and the remaining 23 locations to
regular Wet Seal merchandise.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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