Among the companies with shares expected to actively trade in
Tuesday's session are Express Inc. (EXPR), Gordmans Stores Inc.
(GMAN) and QLogic Corp. (QLGC).
Express raised its fourth-quarter earnings and comparable sales
guidance, citing stronger-than-expected performance in the holiday
season. The young-adult retailer's shares climbed 15% to $16.20
premarket.
Gordmans lowered its earnings and revenue guidance for the
fourth quarter after same-store sales declined 4.6% for the period
on weakness in seasonal sales. Shares fell 13% to $12.20
premarket.
QLogic raised its guidance for fiscal third-quarter earnings and
revenue, saying it brought in higher-than-expected revenue from
host products and had particularly strong performance from network
products. Shares rose 8.7% to $11.07 in premarket trading.
Camera pill company Given Imaging Ltd. (GIVN, GIVN.TV) said it
is no longer seeking to be bought by or merged with a similar
company, and that its major shareholder would seek to sell its
stake in the company to another investor. Shares fell 13% to $15.88
premarket.
Forest Laboratories Inc. (FRX) swung to a fiscal third-quarter
loss as the pharmaceutical company's sales continued to slump after
its patent for Lexapro expired last year. The company also said it
now expects adjusted earnings for the fiscal year to come in at the
lower end of its guidance. Shares fell 5% to $35.70 premarket.
Golub Capital BDC Inc. (GBDC), which provides debt financing and
makes equity investments in middle-market companies in the U.S.,
plans to offer 4.5 million shares. Golub had 28.6 million shares
outstanding as of Nov. 29. Shares slipped 3% to $15.67
premarket.
Lululemon Athletica Inc. (LULU, LLL.T) raised its fiscal
fourth-quarter guidance but the yoga-apparel maker's boosted
per-share earnings forecast was merely in line with Wall Street
projections and its more optimistic revenue outlook came up short
of analysts' views. Shares were off 7.3% to $66.99 premarket.
RadioShack Corp. (RSH) said it ended its unprofitable
mobile-phone partnership with Target Corp. (TGT), after failing to
negotiate more beneficial terms with the discount retailer. Shares
were up 4.3% to $2.41 premarket.
Solar Senior Capital Ltd. (SUNS) is offering two million shares
and plans to use proceeds to pay down debt and for general
corporate purposes. The business-development company had 9.5
million shares outstanding as of Oct. 31. Shares were off 4.4% at
$18.49 premarket.
Santarus Inc. (SNTS) said the U.S. Food and Drug Administration
has approved its treatment for a chronic inflammatory bowel disease
as the specialty biopharmaceutical company also said it expects to
meet or exceed its previous expectations for full-year earnings and
revenue. Santarus also offered revenue guidance for 2013 above
analysts' expectations. Shares rose 5.9% to $11.94 premarket.
Watchlist
Agree Realty Corp. (ADC) is offering 1.3 million shares as the
real estate investment trust looks to raise funds to pay down debt.
The company had 11.4 million shares outstanding as of Oct. 31.
Alnylam Pharmaceuticals Inc. (ALNY) has launched an offering of
up to $125 million of its stock. The company, which focuses on
treatments for genetically defined diseases, recently had a market
capitalization of $1.06 billion.
American Water Works Co. (AWK) said Chief Financial Officer
Ellen Wolf plans to retire during the first half of the year, and
the utility company has a launched a search for her successor.
Cable equipment provider Arris Group Inc. (ARRS) has agreed to
sell around $150 million in shares to Comcast Corp. (CMCSA, CMCSK)
as part of its deal to buy Motorola Mobility's set-top box business
from Google Inc. (GOOG).
Brocade Communications Systems Inc. (BRCD) has named Lloyd
Carney to be its chief executive, ending a search the networking
products maker began in August.
Coldwater Creek Inc. (CWTR) said it expects its fourth-quarter
loss to widen more than expected, after heavy promotions in the
holiday season hurt the retailer's margins.
Fiserv Inc. (FISV) acquired Open Solutions Inc. for $55 million
in a deal that will expand its financial-services technology
offerings. The company also projected 2012 earnings near the lower
end of its prior guidance and cut its revenue outlook.
Globecomm Systems Inc. (GCOM) has retained a financial adviser
to explore potential strategic alternatives, as the provider of
satellite-based communication services looks to increase
shareholder value.
Drug developer InterMune Inc. (ITMN) said it is offering 12.5
million shares as well as $85 million aggregate principal amount of
notes due in 2017. InterMune had 66 million shares outstanding as
of Oct. 31.
ModusLink Global Solutions Inc. (MLNK) has named John J. Boucher
as the new president and chief executive of the supply-chain
management company, replacing Joseph C. Lawler who is retiring.
Multi-Fineline Electronix Inc. (MFLX) expects its gross margin
for the fiscal first quarter to miss its earlier expectations as
the circuit manufacturer scaled back production, though revenue
exceeded the company's targets.
Owens & Minor Inc. (OMI) said its acting finance chief is
stepping down, and will be replaced on an interim basis by the
company's treasurer while the medical-products distributor
continues its search for a permanent CFO.
Liberty Global (LBTYA, LBTYB), controlled by billionaire
telecommunications pioneer John Malone, said it has increased its
stake in Telenet Group Holding NV (TNET.BT, TLGHY) to about 58.4%,
as Mr. Malone continues an effort to consolidate control of the
Belgian cable-television operator.
Wireless infrastructure solutions provider Radisys Corp. (RSYS)
said it expects to make a profit instead of a loss in its fourth
quarter, while revenue is expected to be near the high end of
guidance, thanks to strong sales in its software-solutions
unit.
Canadian communications company Rogers Communications Inc. (RCI,
RCI.B.T, RCI.A.T) has agreed to buy a wireless spectrum licensing
option from cable and satellite company Shaw Communications Inc.
(SJR, SJR.B.T, SJR.A.V) as well as its stake in Ontario-based cable
operations, and to sell its interest in specialty TV network
TVtropolis.
Footwear retailer Shoe Carnival Inc. (SCVL) lowered its
fourth-quarter revenue estimates citing unusually warm weather
early in the period, and narrowed its per-share earnings view.
Write to Anna Prior at anna.prior@dowjones.com
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