Among the companies with shares expected to actively trade in
Thursday's session are First Solar Inc. (FSLR), Aeropostale Inc.
(ARO) and Halozyme Therapeutics Inc. (HALO).
First Solar said it will boost production to meet rising demand,
despite a glut in the global solar-panel market, and the company's
second-quarter profit jumped 82%. Shares soared 17% to $17.33
premarket as results topped analyst expectations by a wide margin
and as the company raised its full-year guidance.
Aeropostale Inc. (ARO) lowered its second-quarter guidance as
the youth-focused apparel retailer's sales growth missed targets
and comparable-store sales, which include its Internet business,
were essentially flat. Shares slumped 28% to $13.94 premarket.
Baxter International Inc. (BAX) confirmed receiving a complete
response letter from the U.S. Food and Drug Administration related
to its investigational product HyQ, which is in development with
Halozyme, after saying in April the agency was seeking additional
information. Halozyme shares tumbled 56% to $3.72 premarket.
Abercrombie & Fitch Co. (ANF) projected sharply
disappointing earnings for the fiscal second quarter and lowered
its outlook for the year based on softer-than-expected sales
trends. Baird lowered its stock-investment rating on the
teen-apparel retailer to neutral and slashed its price target. "We
believe weakness is more than just the economy and can no longer
justify a 'free pass' on continued execution errors," the firm
said. Shares sank 16% to $29.40 premarket.
American Eagle Outfitters Inc. (AEO) raised its second-quarter
earnings outlook, citing stronger-than-expected sales as it reined
in discounts. Shares were up 4.1% to $21.16 premarket.
Bristol-Myers Squibb Co. (BMY) has suspended its study of a drug
intended to treat liver disease hepatitis C after a patient
suffered heart failure. Shares slid 5.1% to $33.80 premarket.
DirecTV Group Inc.'s (DTV) second-quarter earnings edged up as
the satellite television provider added a record number of net
subscribers in its Latin America business, which saw double-digit
revenue growth. Shares were off 6.2% to $47 premarket as earnings
missed consensus estimates.
Green Mountain Coffee Roasters Inc.'s (GMCR) fiscal
third-quarter income rose 30%, as the company posted stronger sales
of its K-cup coffee and tea portion packs, but margins continued to
contract over softer-than-anticipated demand. Shares rose 9.9% to
$19.69 premarket as the company outlined a plan to better predict
sales, an area where it had fallen short in the past.
Knight Capital Group Inc. (KCG) said electronic-trading glitches
in its system that caused price swings in dozens of stocks this
week are likely to cost the brokerage firm $440 million. Shares
sank 57% to $3 in premarket trading.
Lear Corp.'s (LEA) second-quarter profit dropped 18% as North
America surpassed Europe as the auto-parts supplier's largest
market amid a double-digit drop in European revenue. Shares rose 5%
to $37.50 premarket as results topped analyst expectations.
LivePerson Inc.'s (LPSN) second-quarter earnings dropped 94% as
accounting and legal costs weighed on the company's bottom-line
results. Shares fell 6% to $16.86 after hours as the company also
lowered its full-year guidance. Shares sank 13% to $15.62
premarket.
Monster Worldwide Inc.'s (MWW) second-quarter revenue fell more
than analysts had expected, sending shares down 7.2% to $6.60
premarket.
Sealed Air Corp. (SEE) swung to a second-quarter loss as the
maker of Bubble booked more charges tied to an acquisition, which
accounted for most of the company's revenue growth. Shares fell
9.8% to $14.25 premarket as results missed analyst expectations the
company lowered its earnings outlook for the year.
SM Energy Co.'s (SM) second-quarter profit fell 80% as the
oil-and-gas company's operating expenses rose and revenue fell.
Results missed analyst expectations, sending shares down 9% to
$43.05 premarket.
Teradata Corp.'s (TDC) second-quarter earnings rose 8.7% as the
data-storage provider booked double-digit revenue growth on
improved sales of its products and services. Shares rose 4.8% to
$69.30 premarket on the better-than-expected results and the
company's raised earnings forecast.
United Online Inc. (UNTD) said its board approved a preliminary
plan to split the company into two independent, publicly traded
firms, spinning off its much larger flowers business about four
years after acquiring it. Shares were up 16% to $4.86
premarket.
Weight Watchers International Inc.'s (WTW) second-quarter
earnings fell 11% as the provider of weight-loss services reported
that revenue growth at its Internet business largely was offset by
lower sales at its meeting business in North America and the U.K.
Shares 5.8% to $6.70 premarket as revenue missed expectations and
the company cut its 2012 earnings guidance.
Yelp Inc.'s (YELP) second-quarter loss widened as the
local-reviews website saw surging expenses continue to outpace
better-than-expected revenue. Shares jumped 6.3% to $20 premarket
after the company boosted its full-year guidance and posted an
upbeat forecast for third-quarter revenue.
Watchlist:
Apache Corp.'s (APA) second-quarter profit sank 72% as revenue
declined and the exploration-and-production company booked a $480
million write-down on its Canada oil and gas properties amid
historically low natural gas prices. Results missed
expectations.
Avis Budget Group Inc.'s (CAR) second-quarter profit rose 52% as
the car-rental company's top line jumped sharply, aided by the
acquisition of Avis Europe and stronger domestic volume. Shares
jumped 6.4% to $15 after hours as the company's adjusted profit
sharply topped Wall Street's expectations, though sales growth was
a bit lighter than forecast.
Boardwalk Pipeline Partners L.P. (BWP) intends to offer 10.5
million shares, planning to use the proceeds to pay down debt and
for other general corporate purposes.
Clorox Co.'s (CLX) fiscal fourth-quarter earnings increased 3%
as the consumer products company's revenue improved, though cost
pressures continued to weigh on margins.
General Motors Co. (GM) reported a 41% decline in its net income
but still managed to beat analyst expectations as slower vehicle
sales in Europe eroded the bottom line.
Hartford Financial Services Group Inc. (HIG) swung to a
second-quarter loss amid $587 million in charges related to the
retirement of debt it had issued to a German insurer.
Kellogg Co.'s (K) second-quarter earnings fell 12%, due in part
to integration charges, as the cereal maker's international sales
declined.
Lincoln National Corp.'s (LNC) second-quarter earnings rose 6.6%
as the life-insurance and annuity company posted stronger results
in its annuity business.
MetLife Inc.'s (MET) second-quarter earnings more than doubled
as the life insurer reported its gains from derivatives soared, and
its operating profit improved modestly.
MDU Resources Group Inc.'s (MDU) second-quarter earnings rose
20% as the reversal of an arbitration charge boosted the oil and
natural-gas producer's bottom-line results and as revenue
improved.
Murphy Oil Corp.'s (MUR) second-quarter earnings fell 5.2% as
the oil-and-gas producer saw oil and natural gas prices drop,
weakening the company's revenue.
Moody's lowered Navistar International Corp.'s (NAV) rating one
notch further into junk territory, noting the truck maker faces
several challenges as it begins to employ a pollution-reduction
method for its engines that is already used by the rest of the
industry.
Second-quarter results from Prudential Financial Inc. (PRU)
missed analyst estimates on Wednesday as profit at its U.S.
operations declined.
Solta Medical Inc. (SLTM) plans to offer an undisclosed number
of shares, as it seeks to raise funds for general corporate
purposes.
Tesoro Corp.'s (TSO) second-quarter earnings improved 78% as the
independent refiner's gross refining margin improved and its
expenses decreased. Results beat Wall Street expectations.
Time Warner Cable Inc.'s (TWC) second-quarter profit rose 7.6%
as the cable provider's revenue was boosted by growth in its
high-speed services segment, but the company continued to lose
video subscribers.
Transocean Ltd. (RIG, RIGN.VX) swung to a second-quarter loss as
contingencies for the Deepwater Horizon oil spill in the U.S. Gulf
of Mexico weighed on the offshore oil-driller's results, though
revenue improved.
Trimble Navigation Ltd. (TRMB) reported second-quarter earnings
that were flat from a year earlier as expenses rose, but the
global-positioning-system company reported better-than-expected
revenue growth and core profits.
Walter Energy Inc.'s (WLT, WLT.T) second-quarter profit fell 72%
as the coal producer was affected by lower selling prices, though
sales of steelmaking coal grew.
Williams Cos.'s (WMB) second-quarter earnings fell 42%, while
midstream and interstate gas-pipeline asset-holder Williams
Partners LP's (WPZ) profit decreased 43%--the latest companies to
feel the effects of weaker natural-gas-liquids margins.
Willis Group Holdings PLC's (WSH) second-quarter earnings rose
27% on fewer charges and a special gain, masking a decline in
revenue.
Zumiez Inc.'s (ZUMZ) July same-store sales grew 7.5%, but fell
short of Street expectations.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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