Among the companies with shares expected to actively trade in
Thursday's session are Progress Software Corp. (PRGS), Clearwire
Corp. (CLWR) and Winnebago Industries Inc. (WGO).
Progress Software swung to a fiscal second-quarter profit as the
business software provider reported growing revenue from software
licenses and gains from divestitures. Shares rose 7.5% premarket to
$23.70.
Dish Network Corp. (DISH) said it has withdrawn its offer for
Clearwire, after a rival bid from Sprint Nextel Corp. (S) won
support from Clearwire shareholders. Dish's bid of $4.40 a share
was trumped by Sprint's offer last week to buy the stake of
Clearwire it doesn't already own for $5 a share. Clearwire shares
were off 2.2% premarket at $4.98.
Winnebago's fiscal third-quarter earnings soared 94% as the
recreation-vehicle maker boosted its margins, thanks to an
increased demand for motor homes and lower incentives. Shares rose
4.8% to $21.96 premarket.
Canaccord Genuity upgraded GT Advanced Technologies Inc. (GTAT)
to buy from hold, saying in a note to clients that "both the
economics and investor sentiment in the company's solar and
sapphire businesses are improving." Shares rose 7.2% to $3.87
premarket.
Paychex Inc.'s (PAYX) fiscal fourth-quarter earnings edged up
0.2% as the company's improved revenue was mostly offset by higher
expenses. Shares fell 3.6% to $36.62 premarket as results fell
short of analyst projections.
Select Income REIT (SIR) has launched an offering of eight
million shares as the company looks to raise funds to pay down
debt, and for general business purposes. The real-estate investment
trust's had 39.3 million shares outstanding as of April 26. Shares
slid 7.6% to $27.50 premarket.
Satellite television provider DirecTV (DTV) said in a regulatory
filing that its Sky Brasil unit reported that subscribers declined
130,000 in May, resulting from "significantly increased
churn...which reflect results of an internal investigation which
the company initiated in April 2013." That investigation found that
certain employees of Sky Brasil directed activities, such as
improperly crediting various subscriber accounts to reduce or
eliminate balances owed by such subscribers, which are inconsistent
with Sky Brasil's authorized policies for subscriber retention and
churn management. Shares fell 4.3% to $58.44 premarket.
Watchlist:
Bed Bath & Beyond Inc.'s (BBBY) fiscal first-quarter
earnings slipped 2.1% as the home-furnishings retailer recorded an
increase in expenses and a smaller tax benefit, though revenue
improved.
Standard & Poor's Ratings Services raised its outlook on
Blackrock Inc.'s (BLK) investment-grade ratings to positive from
stable and said an upgrade is possible if the asset manager can
maintain its earnings momentum and address $1 billion of debt
without hurting its strong credit quality.
CACI International Inc. (CACI) offered fiscal 2014 guidance
mostly below analyst expectations Wednesday, as the government
contractor said the uncertain industry environment will
continue.
Casella Waste Systems Inc.'s (CWST) fiscal fourth-quarter loss
narrowed as the waste-management company improved its revenue,
while the year-earlier period was hurt by a large impairment
charge.
EXFO Inc.'s (EXFO, EXF.T) fiscal third-quarter loss narrowed as
the maker of telecommunications testing equipment cut costs,
masking slightly lower revenue.
H.B. Fuller Co.'s (FUL) fiscal second-quarter earnings soared as
the paint and adhesive manufacturer widened its margins and
recorded significantly lower charges relating to its
business-integration plans. However, results missed analysts'
expectations.
Herman Miller Inc.'s (MLHR) fiscal fourth-quarter earnings rose
97% as the office-furniture company posted stronger-than-expected
revenue growth. However, for the current fiscal quarter, the
company forecast per-share earnings well below recent estimates of
analysts.
Medtronic Inc. (MDT) said that 14 deaths have been associated
with its SynchroMed infusion system, an implantable device used to
treat chronic pain and spasticity.
Ousted Men's Wearhouse Inc. (MW) chairman George Zimmer defended
himself against board accusations that he pushed for a buyout in
order to regain control of the company he co-founded.
UDR Inc. (UDR) lifted its full-year guidance, citing
better-than-expected operating trends attributable to strong
fundamentals in a majority of the multifamily real-estate
investment trust's markets.
Write to Anna Prior at anna.prior@dowjones.com
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