Among the companies with shares expected to actively trade in
Friday's session are Deckers Outdoor Corp. (DECK), KBR Inc. (KBR)
and Pier 1 Imports Inc. (PIR).
Deckers shares slid 12% to $74.20 premarket after the footwear
maker issued some outlook targets that failed to meet Wall Street's
expectations.
Natural gas companies Eagle Rock Energy Partners L.P. (EROC) and
Regency Energy Partners L.P. (RGP) said the Federal Trade
Commission is requesting additional information regarding Eagle
Rock's sale of its midstream business to Regency. Eagle Rock
slipped 2.6% to $4.95 premarket.
Medical device maker Endologix Inc. (ELGX) issued targets for
the new year that fell short of Wall Street's expectations, pushing
shares down 23% to $13.75 premarket.
Endo Health Solutions Inc. (ENDP) said its fourth-quarter loss
widened after the drug maker warned of a significant writedown and
high litigation expenses earlier this month. Revenue missed
expectations, and the company also gave a weak 2014 earnings
outlook. Shares edged 4% to $78.95 premarket.
KBR posted declining revenue for its 18th straight quarter,
while its profit decreased 10% as it was also dragged down by
various charges. The company's results and 2014 outlook missed
expectations. Shares dropped 13% to $27.90 premarket.
NII Holdings Inc. (NIHD) warned that it faces long-term
liquidity issues, following its weak operating performance and
continued investment to turn around its results. The company, which
provides wireless service under the Nextel brand in several Latin
American countries, said Friday that it will have to significantly
improve its performance and consider other options to build up its
liquidity position "to meet its financial obligations and fund its
business in 2015 and beyond." Shares dropped 32% to $1.74
premarket.
OmniVision Technologies Inc.'s (OVTI) fiscal third-quarter
profit rose 43%, boosted by a one-time benefit related to the
initial public offering of the company's equity investee China
WLCSP Ltd. Shares rose 15% to $18.60 premarket.
Pier 1 cut its full-year earnings outlook for a second month in
a row, after the home-furnishings retailer blamed the harsh winter
for soft traffic at its stores. "We have continued to experience
significant disruption from adverse weather in many of our major
markets," Chief Executive Alex W. Smith said. "This has resulted in
considerably softer store traffic." Shares declined 6.3% to $18.80
premarket.
Severe winter weather in the U.S. led United Continental
Holdings Inc. (UAL) to cancel more than 22,500 flights during the
first two months of the year, nearly quadruple last year's amount.
Shares dropped 2.2% to $45.49 premarket.
Watch List:
American Public Education Inc.'s (APEI) fourth-quarter profit
slid 32% as the online learning provider reported lower course
registrations, though overall enrollment improved.
Chuy's Holdings Inc.'s (CHUY) fourth-quarter earnings slipped 4%
as the operator of its namesake Tex-Mex restaurant chain recorded
higher expenses, masking an increase in revenue.
Gap Inc. (GPS) warned weakening foreign currencies may hurt its
earnings in the recently started fiscal year, but the retailer
posted earnings for the fourth quarter that topped the upbeat
forecast it issued earlier this month.
Home Depot Inc. (HD) said Friday it has named Craig Menear as
the president of its U.S. retail operations effective
immediately.
Liberty Interactive Corp. (LINTA, LINTB) said its fourth-quarter
operating profit rose as its QVC home-shopping network business
posted revenue growth. Liberty Media Corp. (LMCA, LMCB), meanwhile,
swung to a profit for the period.
Mattel Inc. (MAT) has agreed to buy Canada's Mega Brands Inc.
(MB.T) for about C$407.5 million, as the U.S. toy maker looks to
broaden its arts and crafts offerings while carving out a piece of
the construction-toy market dominated by Denmark's Lego A/S. Mega
produces Mega Bloks, a competitor to Lego's construction toys.
Mentor Graphics Corp.'s (MENT) fiscal fourth-quarter profit grew
71% as the chip-design software company reported particularly
strong system and software sales. The company also announced an 11%
increase to its quarterly dividend.
Medical-products distributor McKesson Corp. (MCK) said it made
more changes to its executive compensation programs and its chief
executive voluntarily reduced his pension benefit, after activist
investors complained about the company's pay structure. CEO John H.
Hammergren will reduce his pension benefit by $45 million, which
McKesson said Friday will eliminate the volatility of pension
benefit calculations, which result from changes in interest rates
or other issues.
NRG Energy Inc. (NRG) swung to a fourth-quarter loss after the
merchant power generator posted substantial write-downs. It also
boosted its dividend 17% to an annual payout of 56 cents a share,
and backed its adjusted earnings guidance for 2014.
ParkerVision Inc. (PRKR) said Qualcomm Inc. (QCOM) has dismissed
remaining counterclaims related to a patent dispute in which a
Florida district court jury had awarded ParkerVision $173 million
in damages last year.
Pepco Holdings Inc. (POM) said its fourth-quarter profit jumped
35% as the electricity provider posted higher revenue and lower
operating expenses. Adjusted earnings beat expectations, while
revenue fell slightly short.
PepsiCo Inc. (PEP) said its board and management again have
rejected a proposal from activist shareholder Nelson Peltz's Trian
Fund Management LP to split up the company.
Ross Stores Inc. (ROST) said its fiscal fourth-quarter profit
fell 7.9% as sales slipped and costs and expenses edged slightly
higher.
Salesforce.com Inc.'s (CRM) fiscal fourth-quarter loss widened
as the Web-based business-software company's expenses climbed and
gross margin fell.
Sotheby's (BID) said its fourth-quarter earnings rose 37% as the
seller of fine art reported double-digit revenue growth.
Southwestern Energy Co. (SWN) swung to a fourth-quarter profit
as the oil and gas company reported a jump in overall production,
while last year's results were stung by a steep impairment
charge.
Universal Health Services Inc. (UHS) said its fourth-quarter
profit fell 8% as higher operating charges masked a slight gain in
revenue.
Western Gas Partners LP (WES) agreed to acquire interests in
some pipeline and gathering assets from Anadarko Petroleum Corp.
(APC) for $375 million, marking the company's entry into the
long-haul natural-gas liquids transportation business.
YuMe Inc. (YUME) said its fourth-quarter revenue jumped 19% as
its base of advertising customers expanded. But the company's
outlook for the current year disappointed investors.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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