Among the companies with shares expected to trade actively in Friday's session are Starbucks Corp. (SBUX), Big Lots Inc. (BIG) and Vascular Solutions Inc. (VASC).

Howard Schultz is stepping down as chief executive of Starbucks Corp. so he can devote all of his time to a new strategic initiative of opening high-end coffee shops for the 45-year-old company. Shares fell 3.06% to $56.72 in premarket trading.

Big Lots Inc. on Friday reported flat comparable-store sales and an unexpected revenue decline in its third quarter but raised its profit forecast for the year. Shares rose 4.59% to $53.10 premarket.

Teleflex Inc. (TFX) said Friday it would buy Vascular Solutions Inc. (VASC) in a deal valued at $1 billion, in a move to expand its presence in the cardiology, radiology and other vein markets. Vascular Solutions shares rose 1.63% to $56.00 premarket.

Xerox Corp. (XRX) on Friday named Time Warner Cable veteran William Osbourn, Jr. finance chief following the completion of company's planned split into two publicly traded companies at the end of the year, replacing Leslie Varon, who will retire. Shares fell 0.74% to $9.38 premarket.

Chip maker Ambarella Inc. (AMBA), a key supplier to action-camera maker GoPro Inc., is poised to report its first annual sales decline as sales are expected to remain sluggish in the holiday quarter.

Archer Daniels Midland Co. (ADM) has agreed to sell its 19.9% stake in Australian grain merchant GrainCorp Ltd. for about 387 million Australian dollars ($287 million).

Gap Inc.(GPS) on Thursday reported that a key sales figure fell again in November, hurt by a fire this summer at one of its largest distribution centers along with continued weakness in its namesake and Old Navy brands.

Smith & Wesson Holding Corp. (SWHC), the nation's biggest gun maker by sales, on Thursday gave a downbeat outlook for the current quarter. Gun sales tend to be stoked by concerns of tightening restrictions. With Donald Trump the victor of the Nov. 8 U.S. presidential election, gun controls aren't likely to be strengthened, lessening the fear that firearms may be more difficult to obtain.

Ulta Salon Cosmetics & Fragrance Inc. (ULTA) on Thursday raised its projections for the year again as it posted its eighth consecutive quarter of double-digit revenue increases.

Economic and political uncertainty are weighing on Workday Inc.'s (WDAY) business in the fourth quarter, with several large deals being pushed back, the cloud-based, human-resources software company said Thursday. The fourth quarter is traditionally Workday's highest by revenue.

Write to Chris Wack at chirs.wack@wsj.com or Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

December 02, 2016 09:35 ET (14:35 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
Starbucks (NASDAQ:SBUX)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Starbucks Charts.
Starbucks (NASDAQ:SBUX)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Starbucks Charts.