Among the companies with shares expected to actively trade in
Thursday's session are Ciena Corp. (CIEN), Joy Global Inc. (JOY)
and General Motors Co. (GM).
Ciena said it expects its results to improve in the second half
of its fiscal year, as the company's second-quarter loss narrowed
and revenue grew. The company's adjusted per-share earnings topped
analysts' expectations. Shares climbed 12% to $21.33 premarket.
Five Below Inc.'s (FIVE) fiscal first-quarter profit nearly
doubled, as store openings and the Easter holiday boosted the
discount retailer's sales. Shares edged up 2.7% to $37.50
premarket.
Halozyme Therapeutics Inc. (HALO) got the green light from the
U.S. Food and Drug Administration to resume its clinical trial of
pancreatic cancer drug PEGPH20. Shares climbed 14% to $9.19
premarket.
Joy Global said its fiscal second-quarter earnings fell 59%, as
the mining-equipment maker continued to face declining sales.
"Challenging market conditions continue to impact our business
despite incremental positive signs on the horizon," said Chief
Executive Ted Doheny. Shares rose 2% to $59 premarket.
Key Energy Services Inc. (KEG) said it is investigating
allegations involving its Mexico operations for possible violations
of the U.S. Foreign Corrupt Practices Act. Shares edged down 2.9%
to $8 premarket.
Watch List:
Ford Motor Co. (F) on Wednesday warned it expects its South
American operations to post a "significant" loss in the current
quarter, pointing to macroeconomic effects, including weak
currencies and low volumes.
The results of an internal probe of General Motors' delay in
recalling defective cars is expected to be released on Thursday and
conclude there was no concerted coverup, but that managers
operating in isolation failed to make connections and act on
evidence of problems now linked to fatal accidents, people familiar
with the situation said.
J.M. Smucker Co. (SJM) said its fiscal fourth-quarter profit
fell 9%, as lower coffee prices weighed on sales, but its per-share
earnings results still beat expectations. The company also offered
an outlook for the just-started year that was mostly ahead of the
consensus view.
Navistar International Corp. (NAV) said its fiscal
second-quarter loss narrowed as sales improved. "We saw our market
share bounce back strongly in the second quarter and we look to
build on this in the second half of our fiscal year," Chief
Executive Troy A. Clarke said.
PVH Corp. (PVH) warned of margin pressure in its North American
businesses in the current quarter and reduced its earnings outlook
for the year as a result. PVH owns brands including Calvin Klein,
Tommy Hilfiger and Van Heusen and licenses brands including Speedo
and Geoffrey Beene.
Online real-estate marketplace Trulia Inc. (TRLA) will cut about
85 jobs at its Market Leader division, primarily in sales and
general and administrative areas.
Write to Maria Armental at maria.armental@wsj.com
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