Among the companies with shares expected to actively trade in
Friday's session are WellCare Health Plans Inc. (WCG), First Solar
Inc. (FSLR) and Ellie Mae Inc. (ELLI).
Managed-care services company WellCare said it will replace CEO
Alec Cunningham and has named Chairman David Gallitano as interim
chief executive as it conducts a search for a new leader. Shares
slid 5.3% to $63.14 premarket even as WellCare reported
stronger-than-expected third-quarter results.
Shares of solar-panel maker First Solar rose as investors
cheered a jump in third-quarter profit and sales that easily
exceeded Wall Street's expectations. Profit for the period more
than doubled, bolstered by a sharp top-line jump as a result of
revenue from a California solar plant and project sales in Canada.
The stock rose 7.3% to $53.97 in premarket trading as the company
also raised its full-year earnings outlook.
Ellie Mae's third-quarter earnings fell 51%, and the maker of
mortgage-origination software said it had agreed to acquire
customer relations and marketing company Mortgage CEO for an
undisclosed cash price. Shares of Ellie Mae were down 18% at $23.60
in premarket trading as the company drastically slashed its year
outlook and issued downbeat guidance for the current quarter.
Watch List:
Body Central Corp. (BODY) swung to a steeper-than-expected
third-quarter loss, hurt by a sharp drop in same-store sales and
gross margins, sending shares of the women's clothing retailer down
18% to $4.60 in premarket trading.
CBOE Holdings Inc.'s (CBOE) third-quarter revenue increased as
the largest U.S. options exchange by trading volume was aided by a
rise in transaction fees and increased volume. Earnings just topped
estimates.
Church & Dwight Co.'s (CHD) third-quarter earnings rose 15%
as the maker of Arm & Hammer products and Trojan condoms
boosted its sales thanks to last year's acquisition of the Avid
gummy vitamin business. But the top line missed views, and the
company gave a cautious earnings forecast for the current
quarter.
Standard & Poor's Ratings Services boosted its rating on
railroad company CSX Corp. (CSX) further into investment-grade
territory, touting increased cash-flow generation and debt
reduction even as freight volume has been challenged.
Genesee & Wyoming Inc. (GWR) swung to a third-quarter profit
as the railroad operator benefited from last year's acquisition of
RailAmerica Inc., which sent revenue soaring higher. Results
slightly missed expectations.
Green Dot Corp. (GDOT) posted better-than-expected third-quarter
results and lifted the lower end of its full-year guidance, touting
more customers receiving recurring direct deposits. The company's
chief executive also said it was well positioned to return to
double-digit revenue growth as Green Dot looks towards 2014.
Madison Square Garden Co.'s (MSG) fiscal first-quarter profit
increased 16% as sports and media segment revenue improved for the
entertainment company. Results beat expectations.
Carpet-and-flooring company Mohawk Industries Inc.'s (MHK)
third-quarter earnings soared 69% and revenue climbed thanks to
recent acquisitions.
Gold producer Newmont Mining Corp. (NEM) posted an 11% increase
in third-quarter profit while a reduction in costs and expenses
masked a decline in revenue.
NextEra Energy Inc.'s (NEE) third-quarter earnings increased 68%
as the company reported profit gains at both its utility and
competitive energy segments. The results were mixed as the bottom
line topped views and revenue fell short.
Public Storage's (PSA) third-quarter profit rose 7.7% on the
strength of higher occupancy and rents. Meanwhile, the real estate
investment trust's funds from operations, an important metric in
the sector, grew during the period.
Regis Corp. (RGS), the parent of haircut chains such as
Supercuts, named Gap Inc. (GPS) executive Jim Lain as chief
operating officer, effective Nov. 11.
Wells Fargo & Co. (WFC) settled with the Federal Housing
Finance Agency for allegedly misleading disclosures on mortgage
securities the bank sold to Fannie Mae (FNMA) and Freddie Mac
(FMCC), according to people familiar with the matter.
Write to Lauren Pollock at lauren.pollock@wsj.com
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