Among the companies with shares expected to actively trade in
Wednesday's session are Trulia Inc.(TRLA), SPX Corp. (SPW) and
DreamWorks Animation SKG Inc. (DWA).
Trulia's first-quarter loss narrowed as the online
real-estate-listing service's revenue nearly doubled. Shares jumped
15% to $33.35 premarket as revenue topped Trulia's estimates and as
the company provided upbeat second-quarter revenue guidance.
Industrial-equipment maker SPX's weaker-than-expected
first-quarter results were particularly the result of woes in the
thermal industry, where the company makes components and systems
for power plants. The miss and cut to 2013 estimates came as
activist fund Relational Investors has built up a nearly 10% stake
and has been agitating for change amid what it calls underwhelming
results from past acquisitions. Shares fell 4.7% to $71.00
premarket.
DreamWorks Animation's first-quarter profit fell 39% as the
computer-animation studio's overhead costs grew and revenue edged
lower. However, shares jumped 10% to $21.20 premarket as results
easily exceeded analysts' expectations.
Mindspeed Technologies Inc. (MSPD) said that it is evaluating
strategic alternatives, retaining Morgan Stanley (MS) as a
financial adviser. The company, which manufactures semiconductors
for the communications industry, also reported that its fiscal
second-quarter loss widened as weakness in the company's 3G
wireless business persisted. Shares surged 27% to $2.90
premarket.
Genworth Financial Inc.'s (GNW) first-quarter earnings more than
doubled and the company beat Wall Street expectations as its U.S.
mortgage insurance unit posted its first profit in five years.
Shares were up 6% to $10.63 premarket.
Sourcefire Inc. (FIRE) swung to a first-quarter loss as the
cybersecurity firm logged higher operating expenses that masked
stronger revenue. But shares rose 11% to $53.00 premarket, as Chief
Executive John Becker noted that revenue grew despite weakness in
federal government spending.
Fabless semiconductor company Himax Technologies Inc. (HIMX) has
filed plans to sell up to 25.5 million American depositary shares
in one or more public offerings. The shelf registration statement
also allows the company's largest customer Innolux Corp. (3481.TW),
which owns about 15% of Himax's outstanding shares, the ability to
offer up to 25.4 million ADS. Innolux plans to dispose its entire
holding in Himax as part of its divestment strategy and to focus on
its core business of TFT-LCD manufacturing. Himax's ADS fell 8.6%
to $5.03 premarket.
InterMedia Outdoors Holdings LLC has offered to acquire Outdoor
Channel Holdings Inc. (OUTD) for about $236.6 million in cash, a
price higher than the $228 million that Kroenke Sports &
Entertainment LLC has agreed to pay for the sportsmen-focused
cable-network operator. Outdoor Channel's shares climbed 5.7% to
$9.25 premarket, above InterMedia's offer price of $9.15 a
share.
Pennsylvania Real Estate Investment Trust (PEI) is offering 10
million shares of beneficial interest as the REIT looks to raise
funds to pay down debt and for other general corporate purposes. It
had 56.5 million shares outstanding as of April 22. Shares slid
3.3% to $20.05 premarket.
SolarWinds Inc.'s (SWI) first-quarter earnings rose 34% as the
information-technology management software firm recorded strong
maintenance revenue. But shares dropped 6.9% premarket to $47.35 as
SolarWinds said that despite strong earnings, revenue growth fell
short of expectations.
Watchlist:
Arthur J. Gallagher & Co.'s (AJG) first-quarter profit
jumped 44% as the insurance broker and consulting firm posted
stronger commissions and fees revenues, though expenses rose as
well.
Bankrate Inc.'s (RATE) first-quarter income fell 78% as the
financial-information provider posted lower revenue, which it
blames on a transition to a high-margin insurance lead business.
However, results beat analyst expectations.
Bloomin' Brands Inc.'s (BLMN) first-quarter earnings jumped 26%
as the restaurant operator recorded improved revenue and a lower
tax provision. The company also raised its full-year earnings
view.
Boston Properties Inc.'s (BXP) first-quarter profit fell 0.9% as
the office landlord posted significantly higher expenses, offset in
part by higher revenue and a debt-forgiveness gain.
Cabot Corp.'s (CBT) fiscal second-quarter profit fell 89% from a
year-earlier period that included a big gain, while the chemicals
company bore restructuring costs and margins narrowed.
Hedge fund firm Perry Corp. said it supports the views of two
major shareholders of CommonWealth REIT (CWH), as it becomes the
latest stakeholder pushing for a removal of the real estate
investment trust's board.
DDR Corp. (DDR) swung to a first-quarter profit as the shopping
center owner was helped by organic growth and acquisitions.
Edison International's (EIX) first-quarter profit more than
doubled as higher electricity rates and better performance from the
utility's smaller wholesale-power business boosted results.
Equity Residential (EQR) and AvalonBay Communities Inc. (AVB),
two of the U.S.'s largest publicly held apartment landlords,
reported strong quarters late Tuesday, reflecting the rental
market's continued strength.
Fiserv Inc.'s (FISV) first-quarter earnings fell 11% as the
financial-technology provider recorded charges related to the
merger and integration of its acquisition of Open Solutions
Inc.
Flextronics International Ltd. (FLEX) swung to a fiscal
fourth-quarter loss as the contract electronics manufacturer posted
$125 million in restructuring charges.
FMC Corp.'s (FMC) first-quarter earnings rose 9.9% as the
chemical company recorded higher sales of its agricultural products
in North America.
Green Plains Renewable Energy Inc. (GPRE) swung to a
first-quarter profit as the ethanol producer was helped by stronger
margins. Results exceeded Street expectations.
Hudson City Bancorp Inc.'s (HCBK) first-quarter profit fell 34%
as the lender recorded a double-digit decline in net interest
income.
IAC/InterActiveCorp.'s (IACI) first-quarter profit climbed 56%
as revenue from the Internet company's online search properties
improved, offsetting losses from some media brands. Overall revenue
missed analysts' expectations.
Jack Henry & Associates Inc.'s (JKHY) fiscal third-quarter
earnings rose 25% as the company was helped by continued growth in
its electronic-payments business.
Jones Lang LaSalle Inc.'s (JLL) first-quarter earnings fell 6.2%
as revenue growth at its real-estate-services business was offset
by higher expenses.
Leap Wireless International Inc.'s (LEAP) first-quarter loss
widened as the discount mobile-phone service's customer base
continued to erode. The company's bottom-line result missed
analysts' expectations.
Manitowoc Co. (MTW) swung to a first-quarter profit as the
equipment manufacturer continued to benefit from stronger results
in its crane segment.
Unfettered from some pension effects that dragged down past
results, NCR Corp.'s (NCR) returning momentum in automatic teller
machines and its expanding retail services, including
self-checkout, swung it to a profit in the first quarter. The
company topped expectations for the quarter and raised its profit
outlook for the year.
Northern Tier Energy LP (NTI) said an upsized offering of 12
million units from stockholder Northern Tier Holdings LLC, priced
at a 0.4% discount to the energy company's Tuesday closing price.
The units priced at $26.28 each.
Investor advisory firm Glass, Lewis & Co. said Tuesday it
now supports the re-election of Occidental Petroleum Corp. (OXY)
Chairman Ray Irani at Friday's shareholder meeting, reversing its
prior recommendation to oust the long-time executive.
Oneok Inc.'s (OKE) first-quarter earnings fell 8.4% as its Oneok
Partners LP (OKS) segment reported its profit fell 34% amid
challenges in the natural-gas business.
Questar Corp.'s (STR) first-quarter earnings slipped 3.1% as the
natural-gas company's increase in operating expenses outpaced
revenue growth, while its spinoff QEP Resources Inc. (QEP) swung to
a first-quarter loss after it recorded a large derivative gain in
the year-ago period.
Spectrum Brands Holdings Inc.'s (SPB) fiscal second-quarter loss
widened amid charges related to its recent acquisition of Stanley
Black & Decker Inc.'s (SWK) hardware and home-improvement
business.
Teco Energy Inc.'s (TE) first-quarter earnings fell 18% as
milder than usual temperatures weighed on demand among commercial
customers and the company's coal business saw earnings slump amid
weak coal prices.
Trimble Navigation Ltd.'s (TRMB) first-quarter earnings edged
down 2% as the global-positioning-system company recorded higher
expenses, masking revenue growth. Revenue missed analyst
expectations.
Gas distributor UGI Corp.'s (UGI) fiscal second-quarter earnings
rose 30%, helped by cold winter weather, while its AmeriGas
Partners L.P. (APU) operations reported strong profit growth,
fueled by an acquisition.
Vertex Pharmaceuticals Inc. (VRTX) swung to a first-quarter loss
as sales of its hepatitis C drug plummeted from a year earlier and
the company wrote down the value of one of its pipeline drugs.
Weingarten Realty Investors' (WRI) first-quarter net more than
doubled as the shopping-center owner was helped by growing
occupancy and lower interest expenses.
Western Union Co.'s (WU) turnaround plan is showing some initial
signs of success as the money-transfer company's transaction volume
accelerated in some markets where it has cut prices, though
regulatory costs remain a hurdle. The world's largest
money-remittance provider said Tuesday its profit fell 14.3% from a
year earlier.
Willis Group Holdings PLC's (WSH) first-quarter earnings edged
down 2.7% as the company booked a charge tied to its efforts to
control costs, masking revenue growth.
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Yamana Gold Inc.'s (AUY, YRI.T) first-quarter earnings fell 40%
as metals prices declined, despite higher production at the
Canada-based gold mining company.
Write to Anna Prior at anna.prior@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires