Among the companies with shares expected to trade actively in
Wednesday's session are Lumber Liquidators Holdings Inc. (LL), Walt
Disney Co. (DIS) and Etsy Inc. (ETSY).
Lumber Liquidators Holdings Inc. (LL) swung to surprise loss in
its second quarter, as sales fell further than Wall Street had
expected despite heavy discounting. The report is the latest sign
of the hardwood-flooring company's struggles to win customers five
months after a "60 Minutes" segment alleged the company sold
laminate flooring with unsafe levels of formaldehyde, a carcinogen.
Shares fell 24% to $14 in recent premarket trading.
Walt Disney Co. (DIS) said its earnings rose a
better-than-expected 11% in the latest quarter, with a boost from
the latest "Avengers" film and the continued popularity of "Frozen"
merchandise. The conference call Tuesday became a forceful defense
of ESPN in an age of cable cord-cutting, reflecting Wall Street's
concerns about Disney's future. And while Disney doesn't provide
specific guidance, the company's chief financial officer warned
that impacts from a strong U.S. dollar are expected to lower
operating income next fiscal year by about $500 million. Shares
fell 9.1% to $110.60 premarket.
Etsy Inc. (ETSY), an online marketplace for handmade and vintage
goods, reported Tuesday its second-quarter loss more than doubled
as expenses surged offseting higher revenue. Shares fell 19% to
$15.57 premarket.
Activision Blizzard Inc. (ATVI) on Tuesday raised its financial
projections for the year as it reported a 15% increase in revenue
in the June quarter buoyed by digital growth and its expansion in
China. Shares rose 6.2% to $27.25 premarket.
Cerner Corp.'s (CERN) second-quarter profit fell as the
healthcare software maker recorded a surge in costs that offset
higher revenue. It again adjusted its financial projections for the
year saying it now expects profit of $2.09 to $2.15 a share on
revenue of $4.48 billion to $4.58 billion, compared with its
earlier view of $2.07 to $2.15 a share on revenue of $4.65 billion
to $4.8 billion. Shares fell 6.5% to $65.76 premarket.
Chesapeake Energy Corp. (CHK) posted a deep loss in the second
quarter as the U.S. shale driller took a $4.02 billion write-down
on some properties following tumbling energy prices. However,
revenue beat expectations. Shares rose 4.5% to $8.36 premarket
Cognizant Technology Solutions Corp. (CTSH) reported a
better-than-expected 23% increase in second-quarter revenue on
continued growth in the company's health-care segment. Shares rose
6.1% to $67.15 premarket.
First Solar Inc. (FSLR) said its second-quarter profit surged on
higher project revenue and a one-time tax gain. The company's
guidance for the year topped analysts' expectations. First Solar,
which has ramped up factory production and expanded abroad to
soften the expected impact of a tax-credit cut in 2017, is one of
the renewable energy companies expected to benefit from a federal
push to cut greenhouse gases. Shares rose 11% to $49.46
premarket.
Genworth Financial Inc. (GNW) swung to a second-quarter loss
largely on a one-time charge related to the planned sale of its
so-called lifestyle protection insurance business. Shares fell 7.1%
to $6.52 premarket.
Kate Spade & Co. (KATE) swung to a profit in its latest
quarter as sales grew 5.7%, boosted by a 12% rise in sales at
stores open at least a year. While results missed analysts'
expectations, shares rose 8.7% to $22.50 in recent premarket
trading as the retailer outperforms its peers.
Motorola Solutions Inc. (MSI) said Wednesday that private-equity
firm Silver Lake will take a $1 billion stake in the company.
Separately, the company reported a decline in second-quarter
earnings, because of a one-time gain that lifted the year-earlier
period and on account of adverse foreign exchange rates. Adjusted
results beat the company's guidance. Shares rose 6.3% to $64
premarket.
Priceline Group Inc. (PCLN) reported stronger-than-expected
profit and revenue in its second quarter, as the company booked
more hotel rooms and rental cars at the start of the summer travel
season. Shares rose 7.1% to $1,377 premarket.
RetailMeNot Inc. (SALE) swung to an unexpected second-quarter
loss, as the online coupon site was hurt by weakness in search
traffic. Shares fell 33% to $9.50 premarket.
SodaStream International Ltd.'s (SODA) second-quarter results
were even worse than analysts expected as the company's shift from
a focus on soda to sparking water continues to hamper results.
Shares fell 4.7% to $16.46 premarket.
Zillow Group Inc. (Z) said Tuesday that its second-quarter
revenue more than doubled, boosted by a 74% increase in unique
users and its acquisition of rival real-estate website Trulia.
Shares rose 9.1% to $80.97 premarket.
Allergan PLC (AGN) amended the terms of its pending $2.1 billion
deal for double-chin treatment maker Kythera Biopharmaceuticals
Inc. (KYTH) by agreeing to pay for it all in cash and dropping the
stock component.
Allscripts Healthcare Solutions Inc. (MDRX) reported
better-than-projected second-quarter profit driven by strong
bookings growth.
Caesars Entertainment Corp. (CZR) swung to a profit but reported
revenue rose less than expected in the June quarter, despite the
opening of new casinos.
Devon Energy Corp. (DVN) reported better-than-expected earnings
for its most recent quarter, helped by growth in its U.S.
operations and cost reduction initiatives.
Discovery Communications Inc. (DISCA) reported Wednesday that
its revenue grew less-than-expected because of currency headwinds
and slowing international growth.
Dish Network Corp. (DISH) said that its pay-TV subscriber losses
accelerated in the second quarter, though profit and revenue topped
Wall Street expectations.
Dominion Resources Inc. (D) said its earnings grew more than
expected in the June quarter because of strength in its Dominion
Generation segment.
DreamWorks Animation SKG Inc.'s (DWA) second-quarter loss more
than doubled, as the studio struggles to revamp operations. The
second-quarter deficit was the fifth quarterly loss in the six most
recent reporting periods.
Edgewell Personal Care Co. (EPC), formerly known as Energizer
Holdings Inc., swung to a loss in its fiscal third quarter--the
last quarter before spinning off its household products business in
July--attributing the loss to currency headwinds and higher
advertising costs.
Nabors Industries Ltd. (NBR) swung to a second-quarter loss in
the contract driller's first full quarter since its business that
includes hyrdaulic-fracturing services was combined with C&J
Energy Services Ltd.
Perrigo Co. (PRGO) said Wednesday that revenue grew more than
expected in the June quarter because of its new branded consumer
health-care segment and growth in pharmaceuticals.
Pioneer Natural Resources Co. (PXD) swung to a second-quarter
loss as revenue fell 30% amid sharply lower energy prices.
Potbelly Corp. (PBPB) said its second-quarter earnings rose 22%
as the sandwich-shop operator posted revenue on stronger comparable
sales and the addition of new locations.
Spectra Energy Corp. (SE) said profit fell in its latest quarter
as the company's field-services business swung to a loss, though
its distributable cash flow rose.
Spectrum Brands Holdings Inc. (SPB) said its earnings fell 42%
on higher expenses stemming from the consumer-products company'
recent acquisitions and other one-time items during the quarter
ended in June.
Time Warner Inc.'s (TIME) profit easily topped Wall Street
expectations in the second quarter, as new videogame releases
helped drive revenue higher in its Warner Bros. division.
Write to Maria Armental at maria.armental@wsj.com and Tess
Stynes at tess.stynes@wsj.com
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