Among the companies with shares expected to actively trade in
Friday's session are Zipcar Inc. (ZIP), LinkedIn Corp. (LNKD) and
OpenTable Inc. (OPEN).
Zipcar's second-quarter loss narrowed as the car-sharing
operator reported higher sales, though the company conceded it is
facing some challenges as new-member gains were under expectations
and growth in the U.K. was tempered due to a weak local economy.
Shares slipped 31% to $7.35 premarket and hit the lowest level
since the company went public in April 2011, as Zipcar trimmed its
revenue outlook for the year and said it brought in fewer new
members than anticipated.
LinkedIn's second-quarter income fell 38% as higher expenses
masked better-than-expected revenue growth. However, shares rose
9.4% premarket to $102.25 after the company again raised its
revenue estimates for the year. Susquehanna notes LinkedIn's
results avoided the fears about Internet companies in general
posting weaker-than-anticipated revenue.
OpenTable's second-quarter earnings fell 9% as the restaurant
reservations manager spent more on sales and marketing amid a
relaunch of its toptable site in the U.K. Shares climbed 19% to
$40.23 premarket as adjusted earnings topped the OpenTable's
expectations and as the company raised its full-year guidance
Skullcandy Inc.'s (SKUL) second-quarter earnings jumped 60% as
the music-headphone maker reported broad sales growth in the U.S.
and abroad. The company's CEO said Skullcandy's investments in
product development, gaming and direct distribution in Europe would
pay off as the company launches new headphone styles in the back
half of the year. Shares jumped 9.9% to $15.22 in premarket
trading.
Kodiak Oil & Gas Corp. (KOG), and oil and gas exploration
and production company, posted second-quarter earnings ahead of
analysts' expectations. Kodiak Chief Executive Lynn A. Peterson
said the company has "made significant strides in driving down unit
costs." Shares rose 8.1% to $8.17 premarket.
Rosetta Genomics Ltd. (ROSG) said an offering of 5.5 million
ordinary shares would price at $5, a 13% discount to Thursday's
close. Shares of the molecular diagnostics company fell 15% to
$4.89 premarket.
EOG Resources Inc.'s (EOG) second-quarter income rose 34% as the
natural-gas-and-oil producer posted sharply higher oil
output-benefit results, though prices for oil, natural gas and
natural-gas liquids all fell. Shares rose 3.6% to $99.60 premarket
as results beat expectations.
Exide Technologies (XIDE) posted a fiscal first-quarter loss
that widened on a substantial valuation-allowance charge and
lighter revenue. Shares sank 13% premarket to $2.50 premarket as
Wall Street expected a quarterly profit and higher revenue.
Glu Mobile Inc.'s (GLUU) second-quarter loss widened as
operating expenses rose, but the game maker projected third-quarter
results below analyst expectations. Shares were off 6.7% to $4.35
in premarket trading.
MercadoLibre Inc.'s (MELI) second-quarter profit jumped 71% as
the online marketplace reported an increase in users and items
sold. The results beat Street expectations and prompted J.P. Morgan
to up its rating on the stock to Overweight from Neutral and price
target to $100 from $88. Shares climbed 15% to $76.53 in premarket
trading.
Molycorp Inc. (MCP) swung to a steep second-quarter loss as the
rare-earth mining company's expenses soared, masking a small
increase in sales as volume jumped higher though average selling
prices declined. Shares slid 17% to $13.30 in premarket trading as
Molycorp reported a surprise adjusted loss.
Women's clothing retailer Body Central Corp.'s (BODY)
second-quarter earnings slumped 35%, as same-store sales and
margins slid lower. Shares were knocked down 17% premarket to
$7.98, as the company again lowered its full-year guidance.
Watchlist:
Activision Blizzard Inc. (ATVI) said its income fell nearly 45%
in the second quarter, but the videogame maker increased its
full-year outlook based on strong expected sales of its coming
titles for the holiday-shopping season.
Profit at American International Group Inc. (AIG) rose 27% to
$2.3 billion in the second quarter, driven by improved results at
the insurance operations the company has touted as essential to its
post-bailout future.
American Water Works Co.'s (AWK) second-quarter income rose a
better-than-expected 32% as the utility company saw higher water
use boost revenue, helping the company significantly raise its
margins.
Blue Nile Inc.'s (NILE) second-quarter earnings fell 44% as
higher input costs pressured the online jeweler's margins and
overhead expenses rose, though results topped the company's
expectations. The company also offered an upbeat review view for
the current quarter.
CBS Corp.'s (CBS, CBSA) second-quarter earnings rose 8.1% as the
media company recorded stronger results from its cable-networks
business and margins improved, though overall revenue fell more
than analysts expected.
ComScore Inc.'s (SCOR) second-quarter loss narrowed, but the
market-research firm's revenue grew less than expected due to
weakness in its TV copy testing business and foreign currency
impact. Revenue missed comScore's own expectations and the company
lowered its full-year guidance.
Consolidated Edison Inc.'s (ED) second-quarter profit rose 27%
as expenses from purchased power, fuel and gas decreased, masking a
decline in revenue.
Dresser-Rand Group Inc.'s (DRC) second-quarter profit more than
tripled as the equipment maker reported growing revenue from
aftermarket services, and fewer charges.
Fluor Corp.'s (FLR) second-quarter earnings fell 2.6% as
increased costs outpaced better-than-expected revenue, which was
aided by strong growth in its industrial-and-infrastructure
business.
Home Properties Inc.'s (HME) second-quarter earnings rose 68% as
the apartment real-estate investment trust's revenue was lifted by
higher average rents and occupancy rates.
Kraft Foods Inc. (KFT) is headed for splitsville a bit sooner
than expected, with attention quickly shifting from its final
quarterly earnings report as a whole company to the food giant's
prospects as two stand-alone companies. Kraft reported a 5.4%
increase in second-quarter earnings, with margins improving from
tight cost controls and Europe sales proving resilient despite a
darkening macroeconomic picture. But net sales posted a surprise
drop.
Liberty Global Inc. (LBTYA, LBTYB) swung to a second-quarter
profit as the broadband and cable operator recorded a hefty gain
from the sale of its stake in an Australian pay television
company.
MarkWest Energy Partners L.P.'s (MWE) second-quarter profit more
than doubled as the natural-gas processor posted a surge in gains
from derivatives, masking a decline in other revenue.
MasTec Inc.'s (MTZ) second-quarter profit fell 32% compared with
a prior-year quarter that included a one-time gain, even as revenue
climbed. The results beat the company's expectations, and the
company raised its full-year outlook.
Mohawk Industries Inc. (MHK) second-quarter earnings rose 20% as
the carpeting and flooring company benefited from factors including
improved margins, higher prices and lower interest costs. However,
negative currency impacts weighed on revenue.
PerkinElmer Inc.'s (PKI) second-quarter earnings rose 13% as the
company reported double-digit revenue growth at its health business
and stronger margins.
Pitney Bowes Inc.'s (PBI) second-quarter profit edged down 1.3%
as the mail and document services company continued to see lower
revenue in both of its major business segments. It lowered its
full-year outlook, citing uncertainty in Europe.
Public Storage's (PSA) second-quarter profit was roughly flat
from a year ago as rental revenue improved, offset by currency
exchange impacts.
Southwestern Energy Co. (SWN) swung to a second-quarter loss as
impairment charges resulting from lower natural gas prices weighed
on the energy producer's bottom-line results, and revenue fell more
than analysts expected.
Sprint Nextel Corp. (S) said it received a subpoena from the
U.S. Securities and Exchange Commission in connection with its
probe over the wireless carrier's state and local tax
collection.
Sunoco Inc. (SUN) swung to a second-quarter profit amid
inventory-related gains and as the company also reported profit
growth at its pipelines and retailing businesses and its refining
segment returned to the black.
TheStreet Inc. (TST) said it will suspend its third-quarter
dividend as the online financial-news company looks to cut costs
and also reported its second-quarter loss widened slightly as
revenue fell.
Thor Industries Inc. (THO) reported preliminary fourth-quarter
revenue that beat analyst expectations and said it achieved record
annual and fourth-quarter sales.
Vantiv Inc. (VNTV) priced its shareholders' offering of 12.2
million shares at a discount of 0.4% to the payment processor's
Thursday closing price.
Write to Anna Prior at anna.prior@dowjones.com
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