Among the companies with shares expected to actively trade in
Friday's session are Ann Inc. (ANN), Big Lots Inc. (BIG) and
Infoblox Inc. (BLOX).
Ann said its fiscal first-quarter profit declined 75% as it
recorded a bigger-than-expected restructuring charge and sales fell
short of the company's own forecast. The company's adjusted
earnings topped analysts' expectations, however, sending shares up
1.6% to $37.95 premarket.
Annie's Inc. (BNNY) said its fiscal fourth-quarter profit rose
33% on the natural-food company's sales growth, led by demand for
snacks. But shares dropped 15% as results missed expectations and
the company projected earnings for the recently started year that
are below the consensus view.
Big Lots said its fiscal first-quarter sales rose slightly,
helping the company's results for the period top expectations. The
company also raised its outlook for the current fiscal year,
pushing shares up 9.8% to $41.20 premarket.
Infoblox Chief Executive Robert Thomas plans to step down and
the network-automation company also reported quarterly results that
missed expectations amid higher expenses and weaker product and
licenses sales. It lowered its outlook for the year, and shares
dropped 32% to $13.94 premarket.
Lions Gate Entertainment Corp. (LGF) said its fiscal
fourth-quarter revenue fell 8.1% despite strong contributions from
the movie "Divergent," which was launched 10 days before the
quarter's end. Shares dropped 6.9% to $27.50 premarket.
OmniVision Technologies Inc. (OVTI) posted a 70% jump in
quarterly profit as the chip maker's newer, lower-cost products
boosted margins. Shares jumped 9.4% to $22.04 premarket as the
company also gave a strong forecast.
Pacific Sunwear of California Inc. (PSUN) said its fiscal
first-quarter loss narrowed as sales and margins improved. Shares
dropped 11% to $2.63 premarket as the teen-focused specialty
retailer gave a disappointing forecast.
Retrophin Inc. (RTRX) said it signed a license agreement with
Mission Pharmacal Co. for U.S. marketing rights to
recurring-kidney-stone treatment Thiola, while boosting its revenue
outlook. Shares surged 24% to $15.98 premarket.
Splunk Inc.'s (SPLK) fiscal first-quarter loss widened sharply
on higher expenses that offset the data-analysis software maker's
revenue growth and expanding customer base. The San Francisco
company helps businesses sift, analyze and organize large amounts
of data, the-so-called "Big Data." Shares dropped 6.6% to $46.75
premarket.
Watch List:
Energy company Avista Corp.'s (AVA) Ecova Inc. is being sold to
Cofely USA Inc., an indirect unit of French multinational utility
company GDF Suez. The $335-million cash deal--less debt and other
closing adjustments--is expected to close by July 1 and result in a
$62-million net gain.
Fairway Group Holdings Inc. (FWM) said its fiscal fourth-quarter
loss narrowed as the grocery-store operator cut costs in key areas.
The New York niche supermarket chain said it is working with Google
Express to launch an online shopping platform that would offer
same-day delivery in Manhattan.
Genesco Inc. (GCO) said its fiscal first-quarter profit slipped
3% as higher costs offset higher sales. Results were mixed as
earnings badly missed estimates but sales beat. Chief Executive
Robert J. Dennis said the company continues to expect stronger
same-store sales gains and improved profitability in the second
half of the fiscal year.
Microsoft Corp. (MSFT) and Salesforce.com Inc. (CRM) are forming
a partnership to connect the cloud-based business software vendor's
platform to Microsoft Office and Windows. Financial terms of the
deal weren't disclosed.
Morningstar Inc. (MORN) said it has agreed to acquire
HelloWallet Holdings Inc. for $52.5 million, a move that broadens
the investment researcher's retirement savings and advice
offerings.
Mosaic Co. (MOS) said Chief Executive James T. Prokopanko is
taking a medical leave of absence for surgery to treat cancer and
named financial chief Lawrence W. Stranghoener as interim CEO. Mr.
Stranghoener, whose appointment is effective June 1, intends to
retire at the end this year.
Write to Maria Armental at maria.armental@wsj.com
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