Among the companies with shares expected to actively trade in
Tuesday's session are Coca-Cola Co. (KO), SHFL Entertainment Inc.
(SHFL) and Heidrick & Struggles International Inc. (HSII).
Coca-Cola's second-quarter earnings fell 4% as weak world-wide
volume growth hampered the soft-drinks maker's top line. "Our
second-quarter volume results came in below expectations,
reflecting an ongoing challenging global macroeconomic environment
and unusually poor weather conditions in the quarter," said
Chairman and Chief Executive Muhtar Kent. Shares slipped 2.1% to
$40.15 premarket.
Bally Technologies Inc. (BYI) agreed to acquire SHFL
Entertainment for about $1.3 billion in cash as the slot-machine
maker looks to increase its gaming product portfolio. Shareholders
of SHFL will receive $23.25 a share, a 24% premium to Monday's
close. Shares surged 21% to $22.71 premarket.
Heidrick & Struggles said L. Kevin Kelly stepped down as
chief executive and resigned from the company's board. Shares fell
13% to $15.50 premarket as the company said it concluded its
previously announced exploration of strategic alternatives and
decided to pursue a standalone strategy.
NQ Mobile Inc. (NQ) raised its second-quarter sales outlook, as
the mobile Internet-services company touted its success in deriving
income from its user base. The company also said it plans to buy
the remaining 45% stake that it doesn't already own of its
subsidiary, Beijing NationSky Network Technology Inc. The deal,
valued at $25.3 million, is expected to boost third-quarter
earnings. American depositary shares rose 8.1% to $10.58
premarket.
Chinese search giant Baidu Inc. (BIDU) said it would buy one of
China's mobile app stores for $1.9 billion as it ramps up to
compete for business from China's growing population of
smartphone-carrying customers. American depositary shares rose 7.6%
to $109.28 premarket.
Joe's Jeans Inc. (JOEZ) said it is buying Hudson Jeans for about
$97.6 million, in the latest takeover in the premium denim market.
However, shares fell 16% to $1.57 premarket as the company's
second-quarter results fell short of analysts' expectations.
Liquidity Services Inc. (LQDT) lowered its fiscal third-quarter
earnings guidance as its merchandise volume missed expectations due
to weaker volumes in consumer electronics. Shares fell 12% to
$28.49 premarket.
Solar-products maker ReneSola Ltd. (SOL) raised its
second-quarter revenue guidance as its solar wafer and module
shipments exceeded prior expectations. American depositary shares
rose 20% to $3.48 premarket. Fellow solar company Hanwha SolarOne
Co.'s (HSOL) ADS also rose, up 6.3% to $3.37 premarket.
AmREIT Inc. (AMRE) said it plans to sell three million shares,
as the grocery and drugstore landlord aims to pay down debt and
fund acquisitions. The real-estate investment trust had around 16.2
million shares outstanding as of May 7. Shares fell 2.4% to $18.35
premarket.
Berry Plastics Group Inc. (BERY) said funds affiliated with its
largest shareholders, Apollo Global Management LLC, and another
shareholder, Graham Partners Inc. are planning to sell a combined
15 million shares. Shares were off 4.9% premarket to $21.18.
Cintas Corp.'s (CTAS) fiscal fourth-quarter earnings rose 9.4%
as the uniforms and restroom supplies company's revenue continued
to strengthen. However, shares slipped 4% to $45.98 premarket as
the company offered full-year earnings guidance below analysts'
expectations.
Marathon Petroleum Corp. (MPC) projected second-quarter adjusted
profit that badly missed Wall Street's expectations, weakness the
refining-and-pipeline company attributed to unfavorable
crude-oil-price fluctuations. Shares were off 2.3% to $71.45
premarket.
PennantPark Floating Rate Capital Ltd. (PFLT) plans to offer 4.7
million shares, as the business development company plans to use
the proceeds to reduce its debt or make acquisitions. The company
had roughly 10.3 million shares outstanding as of May 9. Shares
were off 4.1% premarket to $14.00.
Telecom Italia SpA's (TI) American depositary shares fell 4.2%
to $6.36 premarket after the company's plan to spin off its
fixed-line copper network was put on hold following a dispute with
a regulator.
Watchlist:
Actavis Inc. (ACT) said it received U.S. Food and Drug
Administration approval for its generic version of GlaxoSmithKline
PLC's (GSK, GSK.LN) Lamictal drug for epilepsy and bipolar disorder
and plans to launch its tablet, called Lamotrigine,
immediately.
Brown & Brown Inc.'s (BRO) second-quarter earnings rose 22%
as the insurance agency and brokerage firm continued to report
steady growth from commissions and fees in its retail business.
Results edged out Wall Street expectations.
Citigroup Inc. (C) improperly disclosed personal information of
nearly 150,000 people in consumer bankruptcy filings, the Justice
Department said.
EQT Midstream Partners LP (EQM) agreed to acquire EQT Corp.
(EQT) subsidiary Sunrise Pipeline LLC in a cash-and-common-unit
deal valued at roughly $540 million.
Goldman Sachs Group Inc.'s (GS) second-quarter net income
doubled as gains in fixed income, currency and commodity trading,
as well as investment banking revenue, helped push results well
above consensus views.
Healthcare Realty Trust Inc. (HR) launched an offering of three
million shares. The owner and manager of outpatient health-care
facilities plans to use the proceeds to make acquisitions, pay down
debt and for other general purposes. Healthcare Realty Trust had
around 90.4 million shares outstanding as of April 26.
Health Management Associates Inc. (HMA) again urged its
shareholders to reject Glenview Capital Management LLC's efforts to
overhaul the hospital operator's board and called the hedge fund's
actions an "unnecessary distraction," according to a regulatory
filing.
Insmed Inc. (INSM) said it is offering $60 million of its common
stock and plans to use the proceeds from the sale to fund further
clinical development of its lead product candidate, Arikace, among
other things. The company recently had a market capitalization of
$347.2 million, according to FactSet.
J.M. Smucker Co. (SJM) approved a 12% increase to the food
company's dividend, an increase that will cost the firm an
additional $25 million a year.
Johnson & Johnson's (JNJ) second-quarter earnings more than
doubled as the health-care products giant posted fewer charges
related to its Synthes acquisition and other items. The company
also reported higher revenue, led by its pharmaceutical business,
which benefited from strong growth for new products. The company
raised it's per-share earnings estimate for the year.
Koppers Holdings Inc. (KOP) lowered its second-quarter and
full-year earnings guidance, citing volatility in demand and
pricing for certain products as a result of the weak economy in
Europe.
Wilshire Bancorp Inc. (WIBC) agreed to acquire Saehan Bancorp
(SAEB) in a deal valued at $105.5 million, a move that combines two
Korean-American franchises.
Write to Anna Prior at anna.prior@dowjones.com
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