Among the companies with shares expected to actively trade in
Thursday's session are F5 Networks Inc. (FFIV), McDonald's Corp.
(MCD) and Netflix Inc. (NFLX).
AmerisourceBergen Corp. (ABC) said its fiscal first-quarter
earnings fell 75%, despite significant revenue growth, as it logged
more expenses related to its alliance with Walgreen Co. (WAG) and
Alliance Boots GmbH. Adjusted results beat expectations, and the
company also raised its full-year revenue growth outlook. Shares
edged up 3.9% to $73 premarket.
ATV and snowmobile maker Arctic Cat Inc. (ACAT) missed consensus
and posted a sharp profit drop. Margins were hit in part by
snowmobiles Arctic Cat made for Yamaha as part of a new
partnership. And the company cuts guidance after pointing to the
low end of prior estimates in October. Shares dropped 10% to $48.20
premarket.
Baxter International Inc. (BAX) said its fourth-quarter earnings
fell 34% on expenses related to a recent acquisition and
collaborations and other items, overshadowing revenue growth.
Results topped the company's own forecast, and it estimated
earnings for the new year ahead of views. Shares edged up 1.8% to
$71 premarket.
Cleveland BioLabs Inc. (CBLI) said a U.S. government agency
terminated negotiations involving the company's proposal to develop
Entolimod, its lead compound, as a medical radiation
countermeasure, noting that all such negotiations are subject to
the availability of funds. Shares slid 18% to 93 cents
premarket.
Activist investor Carl C. Icahn has called for eBay Inc. (EBAY)
to spin off its steadily growing PayPal business into a separate
company, the online marketplace company said Wednesday in its
quarterly earnings release. Shares rose 1.5% to $55.20
premarket.
F5 Networks Inc. (FFIV) posted fiscal first-quarter earnings
that beat expectations, reporting a boost from newer products and a
healthy gain in services revenue, and offered upbeat guidance for
the current period. Shares surged 12% to $109 premarket.
Global Brass and Copper Holdings Inc. (BRSS) unveiled a stock
offering of nearly 3.8 million shares held by an affiliate of KPS
Capital Partners LP. The company won't receive any proceeds from
the stock sale, and said the total number of shares outstanding
won't change as a result of the offering. Shares dropped 5.6% to
$16.75 premarket.
Computer peripheral maker Logitech International SA (LOGI) swung
to a profit in its third quarter and raised its full-year guidance
as strong sales of accessories for increasingly popular tablet
devices fueled better-than-expected earnings. Shares surged 15% to
$15.25 premarket.
McDonald's said its fourth-quarter profit was nearly flat, as
the fast-food giant's global same-restaurant sales edged down 0.1%
and expenses rose. Revenue grew less than expected, sending shares
down 53 cents to $94.35 premarket.
Netflix added more than 2.3 million U.S. streaming subscribers
in the fourth quarter, at the high end of its projection, and
signaled a possible price increase, a move that could have
far-reaching implications for the service's rapid growth. Shares
surged 17% to $390.75 premarket.
Polycom Inc. (PLCM) swung to a fourth-quarter loss as the
video-conferencing equipment maker reported narrower gross margins
and a small decline in revenue. The company's adjusted profit and
revenue topped Wall Street's expectations, pushing shares up 4.9%
to $12.35 premarket.
Networking firm Silicom Ltd. (SILC) posted results far ahead of
consensus views. Consistent year-on-year growth for quarterly
revenue topping 50% "confirms our ability to create essential
products for some of IT's hottest Big Data-driven markets," Chief
Executive Shaike Orbach said in a statement. Shares surged 23% to
$57.25 premarket.
Union Pacific Corp. (UNP) said its fourth-quarter earnings rose
13% on improved shipments and pricing gains, despite a continued
slump in coal volume. Results beat expectations, sending shares up
2.6% to $172.82 premarket.
Vulcan Materials Co. (VMC) agreed to sell the company's cement
and concrete businesses in Florida and southern Georgia to Cementos
Argos for $720 million in cash. The construction-materials company
will retain its aggregates operations in Florida under the deal,
which is expected to close in the current quarter. Shares edged up
1.1% to $60.25 premarket.
Watch List:
Cloud communications provider 8x8 Inc.'s (EGHT) fiscal
third-quarter earnings plunged 95% as a rise in expenses masked a
jump in revenue. The top line came in slightly below market
expectations.
Aratana Therapeutics Inc. (PETX) disclosed a plan to offer at
least 5.5 million shares, with most of those shares being offered
by the pet-therapeutics company. Aratana is looking to raise
proceeds to pay former shareholders of two companies Aratana
acquired, and fund further product development.
Crown Castle International Corp. (CCI) reported a wider
fourth-quarter loss, as the cell-tower company recorded charges
tied to the company's conversion to a real-estate investment
trust.
Emergent BioSolutions Inc. (EBS) said Wednesday that it intends
to offer $200 million in convertible senior notes, with the aim to
use the majority of proceeds to finance its purchase of Cangene
Corp. Emergent agreed last month to acquire Canadian
biopharmaceutical company Cangene for $222 million in cash as it
seeks to boost its biodefense franchise and portfolio of specialty
therapeutics, while broadening its manufacturing capabilities.
Fifth Third Bancorp (FITB) said its profit climbed slightly in
the fourth quarter on improved credit quality and smaller loan-loss
provisions, masking a decline in revenue. Results beat
expectations.
Johnson Controls Inc. (JCI) said its fiscal first-quarter
earnings jumped 31% as the manufacturer of car-batteries and
automotive-seating benefited from a broad rise in vehicle
production. Revenue beat expectations.
KeyCorp (KEY) said its fourth-quarter earnings rose 13% as the
Cleveland-based regional bank made up for a decline in revenue by
cutting costs and posting fewer loan-loss provisions. Results just
topped expectations.
Precision Castparts Corp. (PCP) said its fiscal third-quarter
earnings rose 28% as the cast-metal parts maker saw a string of
acquisitions boost its already strong forged products and air-frame
products businesses. Yet its results missed analyst expectations as
the company said its performance was hampered by late-quarter
customer schedule shifts and fewer shipping days in the
quarter.
Raymond James Financial Inc. (RJF) said its fiscal first-quarter
earnings rose 36% led by growth in its private-client group and
asset-management segments.
SanDisk Corp. (SNDK) said its fourth-quarter earnings rose 58%
as the flash-memory maker recorded an increase in revenue and
sharply wider margins.
Stryker Corp. (SYK) said its fourth-quarter earnings rose 43% on
the medical-device maker's broad revenue growth, including sales of
its replacement knee and hip joint products.
United Continental Holdings Inc. (UAL) said it swung to
fourth-quarter profit on improved revenue and fewer
integration-related expenses and other items. Results beat
expectations.
Western Digital Corp.'s (WDC) fiscal second-quarter profit
improved 28% as the disk-drive maker reported a rise in revenue,
buoyed in part by strength in gaming.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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