Among the companies with shares expected to actively trade in
Friday's session are Sears Holdings Corp. (SHLD), Big Lots Inc.
(BIG), SeaChange International Inc. (SEAC) and Ulta Salon Cosmetics
& Fragrance Inc. (ULTA).
Sears Holdings on Friday said it filed a registration statement
with the Securities and Exchange Commission to spin off its Lands'
End business. The retailer said it plans to distribute all of the
shares of Lands' End Inc. The move is subject to the board's
approval. Shares rose 3.7% to $51.85 premarket.
Big Lots disclosed a plan to exit the Canadian market, as the
retailer conceded its efforts to turn around a business it acquired
in July 2011 were unsuccessful. The company's shares slumped 8.4%
to $34.00 in premarket trading, as results for the latest quarter
missed expectations and the group issued a weaker full-year outlook
for its U.S. operations.
SeaChange swung to a profit in its fiscal third quarter, with a
decline in input costs masking a drop in revenue. Shares of the
company, however, were down 17% at $12.00 premarket as the
company's guidance for the fiscal fourth quarter fell well below
analysts' expectations.
Ulta issued a cautious outlook for the current quarter, as the
beauty-products retailer warned of soft sales trends and likely
high promotions during the holiday season. Shares slumped 18% to
$97.00 in premarket trading, as Ulta's targets for the fiscal
fourth quarter missed Wall Street's expectations.
American Eagle Outfitters Inc.'s (AEO) fiscal third-quarter
earnings sank 68% as the teen retailer's sales fell and margins
narrowed amid an uptick in promotions and discounts. Shares fell
3.7% to $15.80 in premarket trading as the company, like other teen
retail peers, offered up a muted outlook for the current quarter,
which includes the critical holiday season.
Finisar Corp.'s (FNSR) fiscal second-quarter profit soared as
the telecommunications-equipment provider reported a double-digit
jump in revenue and higher gross margins. Results for the quarter
were mostly stronger than expected, and Finisar issued upbeat
financial targets for the current quarter. The news sent shares up
5.7% to $22.99 in premarket trading.
Watch List:
Casella Waste Systems Inc.'s (CWST) fiscal second-quarter loss
narrowed, driven in part by revenue growth in the company's
solid-waste operations.
Cooper Cos.'s (COO) fiscal fourth-quarter profit fell 20% with
costs related to a divestiture weighing on results. Earnings came
in below the company's expectations.
Moody's Investors Service raised its outlook on two U.S.
airlines, Delta Air Lines Inc. (DAL) and United Continental
Holdings Inc. (UAL), touting some favorable momentum heading into
2014.
Diamond Foods Inc.'s (DMND) fiscal first-quarter loss widened on
lower revenue, pressured by difficulties in the company's nuts
business.
Esterline Technologies Corp. (ESL) fiscal fourth-quarter
earnings rose 6.8% on a slight increase in revenue and lower
operating expenses.
Five Below Inc.'s (FIVE) fiscal third-quarter earnings surged as
the discount retailer posted double-digit revenue growth.
Gap Inc.'s (GPS) same-store sales rose 2% in November, beating
expectations, as growth at its namesake stores and Old Navy offset
a decline at its Banana Republic chain.
J.C. Penney Co. (JCP) received a letter from the Securities and
Exchange Commission requesting information about the company's
controversial stock offering in September.
LKQ Corp. (LKQ) on Thursday said it had reached an agreement to
buy Keystone Automotive Operations Inc. for $450 million, a move
LKQ hopes will make it a top player in specialty auto aftermarket
accessories and equipment.
Pacific Sunwear of California Inc.'s (PSUN) fiscal third-quarter
profit surged as the teen-focused specialty retailer recorded a
large gain related to derivatives, masking a drop in sales.
Zumiez Inc.'s (ZUMZ) fiscal third-quarter earnings slipped 6.4%
at the teen-apparel retailer as charges related to an acquisition
and a lawsuit settlement masked a rise in sales.
Write to Anna Prior at anna.prior@wsj.com
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