Among the companies with shares expected to actively trade in
Tuesday's session are Navistar International Corp. (NAV), Sonic
Corp. (SONC) and Mitel Networks Corp. (MITL, MNW.T).
Navistar's leadership ranks continued to churn with the
announcement that Chief Financial Officer A.J. Cederoth will leave
the commercial truck maker at the end of June. Shares slipped 2.1%
to $26.05 after hours.
Sonic's fiscal third-quarter earnings rose 2.7% as the drive-in
restaurant chain posted lower costs and expenses which offset a
decline in company drive-in sales. Revenue missed analysts'
expectations, and shares slid 3.9% to $13.64 after hours.
Mitel Networks' fiscal fourth-quarter earnings fell 84% as
deferred income boosted the Canadian provider of business
communication and collaboration software and services' year-earlier
results. Still, shares jumped 7.7% to $4.21 as adjusted earnings
topped analyst estimates and revenue surpassed the company's
expectations.
Mitek Systems Inc. (MITK) said it plans to offer common stock,
but didn't say how many shares it would be selling. The company,
which makes automated document-recognition software, plans to use
proceeds for general corporate purposes. It had 27 million shares
outstanding as of May 3. Shares sank 8% to $6 after hours.
Watchlist:
Aegion Corp. (AEGN) has agreed to acquire Brinderson L.P. for
$150 million, a deal that opens up the pipeline-rehabilitation
company to a new end market for the maintenance of upstream and
downstream facilities.
Botox manufacturer Allergan Inc. (AGN) has promoted Douglas S.
Ingram to the newly created role of president, effective
immediately.
Agricultural products company American Vanguard Corp. (AVD) said
it expects its second-quarter earnings and revenue to miss
analysts' expectations due to the impact of recent wet weather in
the Midwest and Southeast U.S.
Standard & Poor's Ratings Services lowered its outlook for
Cablevision Systems Corp. (CVC) to negative from stable, citing
weaker performance at the company's key metropolitan New York cable
operations.
Coach Inc. (COH) has named Loewe SA creative chief Stuart Vevers
as its new executive creative director, succeeding Reed Krakoff who
won't be seeking to renew his contract with the handbag
company.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com