Among the companies with shares expected to actively trade in
Wednesday's session are First Solar Inc. (FSLR), Finisar Corp.
(FNSR) and Zillow Inc. (Z).
General Electric Co. (GE) is abandoning plans to manufacture
solar panels amid a market glut and sold the technology it has
built up over the last half decade to First Solar. Meanwhile, First
Solar reported a 70% drop in profit and cut its forecast for the
year as two large sales were delayed, sending its shares down 8.4%
to $42.81 premarket.
Finisar expects its fiscal first-quarter profit and revenue to
exceed its earlier estimates, as the telecommunications-equipment
maker said transceiver sales are driving sales growth. Shares
jumped 15% to $22.00 in premarket trading.
Zillow swung to a second-quarter loss as the real-estate
information provider reported sharply higher sales and marketing
and other expenses, masking top-line growth as online traffic
increased. Shares fell 8.9% to $82.60 in premarket trading, as the
loss was wider than Wall Street analysts had expected, though
revenue growth was ahead of the company's expectations.
Ralph Lauren Corp.'s (RL) fiscal first-quarter per-share
earnings topped expectations by a penny, but retail sales came in
slightly below Wall Street estimates, hurt by foreign-currency
translation and a shift in the Easter holiday. The company's gross
profit margin also fell as the company integrated its Chaps men's
sportswear operations, among other things. Shares fell 7.1% to
$176.00 premarket.
C.H. Robinson Worldwide Inc.'s (CHRW) second-quarter profit
slipped 2.4% as the transportation and logistics company posted
higher costs that masked revenue growth. Shares were down 6.3% to
$55.83 premarket as results came in below analysts'
expectations.
SunEdison Inc. (SUNE) reported a wider-than-expected
second-quarter loss as the semiconductor and solar-technology
company formerly known as MEMC Electronic Materials said business
conditions in the second quarter remained challenging. Shares fell
12% to $8.60 premarket, although the company's chief executive said
that the company is "optimistic" regarding SunEdison's prospects
for growth through the remainder of the year.
EOG Resources Inc.'s (EOG) second-quarter profit rose 67% as the
natural-gas-and-oil producer posted revenue growth for its crude
oil and condensate operations. Results beat analyst expectations,
sending shares up 4% to $159.37 premarket.
Glu Mobile Inc.'s (GLUU) second-quarter loss narrowed slightly
thanks to a bigger tax benefit, though the mobile game maker's
revenue and margins weakened. Shares were down 7.6% to $2.55 in
premarket trading as the company projected a wider third-quarter
loss than analysts had feared and revenue below expectations, and
it also reduced its guidance for the year.
Nuance Communications Inc.'s (NUAN) swung to a fiscal
third-quarter loss as the speech-software maker recorded higher
costs including acquisition-related expenses and other items, as
well as lower margins, that masked revenue growth. Shares were down
5.9% at $18.20 in premarket trading.
Pipeline and natural-gas business Oneok Partners L.P. (OKS),
which has about 220 million units outstanding, said it is offering
10 million units. Proceeds will go toward general partnership
purposes and to repay amounts outstanding under its $1.2 billion
commercial paper program. Shares were off 3.7% to $49.58
premarket.
Santarus Inc.'s (SNTS) second-quarter income surged as the
company posted a jump in sales of its specialty drugs. The company
also raised its full-year profit view. Shares rose 8.3% to $26.93
premarket.
Watchlist:
Higher cable-TV fees helped 21st Century Fox Inc. (FOX, FOX.AU)
boost revenue sharply in the three months to June 30, in the first
earnings report since it was formed from the split of News Corp. at
the end of June.
Anadarko Petroleum Corp. (APC) said Tuesday it would double its
quarterly dividend to 18 cents a share, a move to boost shareholder
returns.
Atmos Energy Corp.'s (ATO) fiscal third-quarter earnings jumped
25% as the energy company recorded stronger profits at its
natural-gas distribution and regulated transmission segments.
Avis Budget Group Inc. (CAR) swung to a second-quarter loss as
the car-rental company was hurt by acquisition-related charges and
higher fleet costs, masking revenue growth.
CF Industries Holdings Inc.'s (CF) second-quarter earnings fell
18% as the fertilizer producer was hurt by weaker revenue and
margins, and negative derivative impacts. However, the results beat
expectations.
Computer Sciences Corp.'s (CSC) fiscal first-quarter earnings
soared from a year earlier as the information-technology company
logged fewer expenses and improved margins, though revenue declined
across its segments. Per-share earnings topped analyst
expectations, and the company increased its full-year earnings
guidance.
Natural-gas producer and processor DCP Midstream Partners L.P.
(DPM), which has 76.8 million units outstanding, said it would
offer 8.5 million units. The company added it would use the
proceeds for general purposes and to pay down debts.
Discount retailer Five Below Inc.'s (FIVE) Chief Operating
Officer David Johnston will be leaving the company at the end of
the month, after serving in that role for roughly a year.
Forest Oil Corp. (FST) swung to a second-quarter profit on fewer
charges though the oil-and-gas producer's revenue sank. Earnings
beat analysts expectations, while revenue fell shy.
Live Nation Entertainment Inc.'s (LYV) second-quarter profit
surged from a year earlier as concert ticket sales continued to
improve and a gain from the sale of assets boosted the bottom line.
Results beat analyst expectations.
Marathon Oil Corp.'s (MRO) second-quarter profit grew 8.4% as
the energy company reported higher revenue and a sharp drop in
marketing expenses.
Mead Johnson Nutrition Co. (MJN) disclosed it will pay a $33
million penalty tied to an antitrust review in China, stemming from
a broad investigation into price-fixing by three major foreign
baby-formula brands.
Medifast Inc. (MED), a weight-loss company, reported
second-quarter revenue below analysts' estimates and guided for
current-quarter results below consensus views.
Nanosphere Inc.'s (NSPH) second-quarter loss narrowed as the
medical diagnostics-tests developer's revenue continued to
strengthen. However, results missed analyst expectations and the
company lowered its full-year revenue and customer placements
guidance.
Oasis Petroleum Inc.'s (OAS) second-quarter earnings fell 12% as
the oil-and-gas producer recorded fewer derivatives-related gains,
masking strong revenue and production growth.
Chemical bulk logistics company Quality Distribution Inc. (QLTY)
said certain stockholders, including funds affiliated with Apollo
Global Management LLC (APO), are offering 4.3 million shares.
Quality, which has 26.9 million shares outstanding, won't receive
any of the proceeds.
Sotheby's (BID) second-quarter profit rose 7.4% as a rate
increase helped boost auction commissions, while masking growth in
expenses. Results came in below analysts' expectations.
Swift Transportation Co. (SWFT) acquired privately held Central
Refrigerated Transportation Inc. for about $189 million in cash,
expanding the company's refrigerated trucking services. The deal is
valued at $225 million, including assumed capital lease obligations
and other financial debt.
Oil and gas exploration company Triangle Petroleum Corp. (TPLM)
said it had commenced an offering of 15 million shares, and that
the proceeds would be used for general corporate purposes as well
as to fund acquisitions. The company has 56.5 million shares
outstanding.
URS Corp.'s (URS) second-quarter profit rose 26% as the
construction and engineering company was helped by increased
business in the energy sector.
Vanda Pharmaceuticals Inc. (VNDA), which has 28.5 million shares
outstanding, said it plans to offer shares but didn't say how
many.
Walt Disney Co.'s (DIS) fiscal third-quarter profit inched up
0.9% as growth from the media giant's parks and resorts and ESPN
network more than offset weakness for the studio division, which
was weighed by marketing costs for "The Lone Ranger."
Write to Anna Prior at anna.prior@wsj.com
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