Among the companies with shares expected to actively trade in
Friday's session are Abercrombie & Fitch Co. (ANF), Infoblox
Inc. (BLOX) and Pandora Media Inc. (P).
Abercrombie & Fitch's (ANF) fiscal first-quarter loss
narrowed as the teen-apparel retailer controlled expenses, but
results sharply missed expectations amid a slump in same-store
sales. Shares dropped 11% to $48.40 premarket as the company
lowered its view for the year.
Infoblox's fiscal third-quarter loss narrowed as the data-center
technology company benefited from growing demand for its products
across regions. Shares jumped 18% to $25.90 premarket as results
beat the company's projections.
Pandora's fiscal first-quarter loss widened as the
Internet-radio provider's rising expenses continued to outpace
revenue. But shares jumped 12% premarket, to $19.16, as the company
raised its full-year bottom-line guidance.
Sears Holdings Corp. (SHLD) swung to a fiscal first-quarter loss
as the retailer recorded a large gain on asset sales a year earlier
and as revenue and margins weakened in the latest period. Shares
were down 14% to $49.90 premarket.
Exxon Mobil Corp. (XOM) is in exclusive talks with InterOil
Corp. (IOC) to invest in the latter's natural gas assets in Papua
New Guinea, a move that could cement the impoverished Southeastern
Asian country's position as a new significant energy exporter.
InterOil shares rose 11% to $104.00 premarket.
AVEO Pharmaceuticals Inc. (AVEO) said in a filing that it was
informed by its partner, Astellas Pharma Inc., that Astellas no
longer intends to submit a marketing authorization application to
the European Medicines Agency for tivozanib for the treatment of
patients with advanced renal cell carcinoma. The company also said
that Astellas does not intend to fund any future trials in renal
cell carcinoma under its strategic collaboration with the company.
AVEO shares fell 14% to $2.31 premarket.
Chinese solar company Yingli Green Energy Holding Co. (YGE) said
its wholly owned subsidiary Yingli Green Energy Singapore Company
Pte. Limited will supply 10.269 megawatt modules for the largest
single photovoltaic power plant in Malaysia. American depositary
shares rose 14% to $3.48 premarket.
Intuitive Surgical Inc. (ISRG) prevailed in a civil lawsuit that
accused it of negligence in its training of doctors using the
company's surgical robot machines, a victory as it looks to counter
criticisms that its da Vinci machines are unsafe and too costly.
Shares were up 3.3% to $494.35 premarket.
Marvell Technology Group Ltd.'s (MRVL) fiscal first-quarter
earnings fell 44% as the chip maker recorded sinking revenue and
higher operating costs. Shares jumped 5.5% premarket to $11.93,
however, as core earnings exceeded the company's expectations, and
revenue fell in line.
Salesforce.com Inc.'s (CRM) fiscal first-quarter loss widened as
the Web-based business-software company recorded an increase in
expenses as it looks to expand into new markets. Core earnings and
revenue improved, however. The disappointing profitability, along
with a lackluster guidance, weighed on Salesforce shares. The stock
fell 6.1% premarket to $42.90.
Titan Machinery Inc. (TITN) revealed preliminary first-quarter
results below analyst estimates. The equipment retailer said
revenue was lower than it had expected in its agriculture and
construction segments. Shares tumbled 13% to $19.49 in premarket
trading as the company also cut its full-year earnings
guidance.
Nordson Corp.'s (NDSN) fiscal second-quarter earnings rose 4.8%
as the maker of dispensing equipment was helped by recent
acquisitions and an absence of restructuring charges. Shares fell
4.3% to $69.99 in premarket trading, however, as Nordson projected
third-quarter earnings and revenue below analysts' estimates.
Watchlist:
Youth-focused apparel retailer Aeropostale Inc. (ARO) saw a
higher rate of discounting and a drop in sales mark the start of
its fiscal year and warned Thursday that uncertainty remains,
despite an uptick in sales trends last month.
Campbell Soup Co.'s (CPB) target consumer skewed decidedly
younger Thursday with an agreement to buy the organic baby food
maker Plum Organics for an undisclosed amount.
Merck & Co. (MRK) said it is discontinuing the clinical
program for its preladenant drug to treat Parkinson's disease after
an initial review of data from three separate Phase III trials
failed to provide evidence of the drug's efficacy compared with a
placebo.
Mentor Graphics Corp.'s (MENT) fiscal first-quarter profit
plummeted as the chip-design software company recorded lower
revenue from its system and software business and higher operating
expenses.
New York & Co. (NWY) swung to a surprise fiscal
first-quarter profit as the women's apparel retailer reported an
income-tax benefit, along with lower costs that offset a slight
drop in sales. Results beat expectations.
Procter & Gamble Co. (PG) reached into its past to set a new
course for its future, bringing in retired Chief Executive A.G.
Lafley to replace embattled CEO Robert McDonald.
Ross Stores Inc.'s (ROST) fiscal first-quarter earnings rose 12%
as the discount apparel and home-goods retailer's margins and
same-store sales grew. The company raised its full-year earnings
outlook.
Sabra Health Care REIT Inc. (SBRA) lowered its full-year
earnings and funds from operations projections to reflect the
issuance of debt and the redemption of other notes.
Williams-Sonoma Inc.'s (WSM) fiscal first-quarter earnings rose
28% as the housewares and furniture company posted higher
comparable-brand sales at each of its segments. The results beat
the company's own estimates and it lifted full-year guidance.
Zumiez Inc.'s (ZUMZ) fiscal first-quarter earnings fell 45% as
the teen apparel retailer's increase in expenses outpaced revenue
growth. The company also said same-store sales declined slightly in
the latest period.
Write to Anna Prior at anna.prior@dowjones.com
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