Among companies with shares expected to actively trade in
Wednesday's session are Chipotle Mexican Grill Inc. (CMG), Goldman
Sachs Group Inc. (GS) and Wendy's Co. (WEN).
Chipotle Mexican Grill expects higher food costs to dampen its
fourth-quarter earnings despite stronger-than-expected revenue.
Shares of the fast-casual burrito chain fell 6.8% to $277
premarket.
Goldman Sachs' fourth-quarter profit surged as the bank recorded
strong results from debt and equity underwriting, while financial
advisory revenue also climbed. Shares rose 2.2% to $138.60
premarket as results sharply beat Wall Street estimates.
Wendy's fourth-quarter earnings soared as the burger chain's
growth initiatives helped to improve revenue, although margins and
same-store sales slipped. The company also forecast 2013 adjusted
per-share earnings slightly above analysts' estimates. Shares rose
4.7% to $5.13 premarket.
Genworth Financial Inc. (GNW) said it will create a new parent
company and contribute at least $100 million to its money-losing
mortgage insurance unit in an effort to placate regulators and
ratings companies that have threatened to downgrade the company to
junk status. The creation of the new parent, to be owned by
existing shareholders without any dilution, will allow the company
to work around debt covenants. Shares rose 6.4% to $8.65
premarket.
Vera Bradley Inc. (VRA) slightly raised its fiscal
fourth-quarter outlook amid better-than-expected indirect revenue
and margins, though the handbag maker reported that
lower-than-expected traffic during the holiday season is likely to
result in flat same-store sales. Shares were up 8% at $24.85 in
premarket trading.
Interactive Brokers Group Inc.'s (IBKR) fourth-quarter earnings
fell 33% as weakened trading activity continued to weigh on the
electronic broker and market-maker's revenue. Shares were down 2.1%
at $13.80 in premarket trading as revenue missed expectations.
Carpenter Technology Corp. (CRS) said it expects its fiscal
second-quarter earnings and revenue to improve compared with the
year-ago period thanks in part to an acquisition. But the specialty
metal company's view fell far short of Wall Street expectations
amid softer demand for lower-value products, and shares fell 7.1%
to $50.10 in premarket trading.
Cobalt International Energy Inc. (CIE) has launched an offering
of 40 million shares, all of which are being sold by stockholders.
The oil and gas exploration and production company had 410.6
million shares outstanding as of Sept. 30. Shares fell 6.5% to
$25.02 premarket.
Five Below Inc. (FIVE) raised its fourth-quarter guidance as the
teen discount retailer said customers responded well to its
offerings and prices during the holiday season. However, shares
slipped 1.9% to $31.24 premarket as Five Below also said certain
shareholders, including members of the company's management team
and board, are offering seven million shares. Five Below had about
54 million shares outstanding as of Nov. 29.
Printed circuit board manufacturer TTM Technologies Inc. (TTMI)
said it expects to report fourth-quarter results at or somewhat
above the high-end of previous guidance, but did not offer a
reason. Shares jumped 7% to $7.94 premarket.
Watchlist:
Medical device company AtriCure Inc. (ATRC) plans to offer an
undisclosed number of shares of its common stock to raise funds for
general corporate purposes and working capital. The company had
16.7 million shares outstanding as of Oct. 29.
Christopher & Banks Corp. (CBK) raised its same-store sales
guidance for the fiscal fourth quarter, as the women's clothing
retailer said it is pushing forward on a turnaround plan.
FXCM Inc.'s (FXCM) retail and institutional trading volumes in
December both declined from the month and year earlier, the online
foreign-exchange broker said.
General Motors Co. (GM) said Tuesday its global profitability
will "rise modestly" in 2013 on a pre-tax earnings basis, driven
primarily by the ongoing strength in the U.S and Chinese car
markets.
Gibraltar Industries Inc. (ROCK) expects to swing to a
fourth-quarter profit despite posting slightly weaker net sales,
citing a significant reduction in variable compensation expense and
improved operating efficiencies. Analysts surveyed by Thomson
Reuters had expected a loss for the quarter.
Linear Technology Corp.'s (LLTC) fiscal second-quarter profit
edged up 1.1% as the chip maker noted signs of a demand pick-up at
the end of the period.
Onyx Pharmaceuticals Inc. (ONXX) plans to offer 4.4 million
shares. The drug developer had about 67.2 million shares
outstanding as of Oct. 31.
Regional Management Corp. (RM) said it expects to report
downbeat earnings for its fourth quarter, citing an increase in the
provision for loan losses and other costs.
Stag Industrial Inc. (STAG) is offering 5 million shares and
intends to use proceeds to pay down debt, fund acquisitions
currently under contract and for general working capital purposes.
The real-estate company had 34.9 million shares outstanding as of
Nov. 7.
Ski-resort operator Vail Resorts Inc. (MTN) cut its earnings
view for fiscal 2013, citing a slow start to the Colorado ski
season.
Wausau Paper Corp. (WPP) said its decision to explore
alternatives for its paper segment resulted from months of
discussion and careful consideration by its board, rebutting claims
made by activist stakeholder Starboard Value LP that the sale
process was in response to Starboard's plans to nominate three
members to the Wausau's board.
Write to Anna Prior at anna.prior@dowjones.com
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