Among the companies with shares expected to actively trade in
Thursday's session are Keurig Green Mountain Inc. (GMCR) and Tesla
Motors Inc. (TSLA).
21st Century Fox Inc. (FOXA) posted solid operating profit
growth for the March quarter, driven by its cable networks business
and advertising revenue from the Fox broadcast network's airing of
the Super Bowl. Shares edged up 2.7% to $33 premarket.
Fred's Inc. (FRED) cut its fiscal first-quarter sales and profit
outlook as the discount retailer reported an unexpected 2.3%
decline in April same-store sales. Shares dropped 5.5% to $16.50
premarket.
Oil-and-natural-gas producer Gulfport Energy Corp. (GPOR) cut
its production outlook for the year and reported weaker earnings
for the quarter. Shares declined 19% to $59.50 premarket.
Keurig Green Mountain said its fiscal second-quarter profit rose
22% amid higher sales of the company's single-serve coffee packs
and Keurig brewers. Shares climbed 5.9% to $97.60 premarket.
L Brands Inc. (LB) boosted its outlook for fiscal first-quarter
earnings and said sales have increased in recent weeks. Shares
edged up 1.3% to $54.10 premarket.
Molycorp Inc. (MCP) posted weaker results for the first three
months of the year. The Colorado mining company reporter
first-quarter losses more than doubled as revenues were hurt by
lower prices for rare earths and magnetic powders and lower sales
volumes in its resources segment. Shares dropped 12% to $4
premarket.
Plains All American Pipeline LP (PAA) said its first-quarter
earnings fell 27% as growth in its transportation and facilities
segments was offset by a steep decline at its supply and logsitics
business. Shares declined 2% to $57.50 premarket
PowerSecure International Inc. (POWR) swung to an unexpected
loss as revenue grew less-than-expected and expenses rose. Revenue
also fell short of analysts' expectations and the company issued a
consensus-missing outlook. Shares plunged 49% to $9.57
premarket.
Sprouts Farmers Market Inc. (SFM) said its first-quarter profit
surged 86% as the specialty grocer's revenue beat expectations.
Adjusted earnings also beat estimates and the company raised its
2014 guidance. Shares climbed 4.7% to $28.68 premarket.
Tesla Motors, the Silicon Valley electric luxury car marker,
reported a loss of $49.8 million for the first quarter, as research
and development costs surged ahead of the launch of a new line of
sport-utility vehicles. Shares dropped 11% premarket to
$179.25.
Transocean Ltd.'s (RIG) first-quarter profit rose 42% as the
offshore oil driller reported higher revenue. The results easily
beat expectations. Shares edged up 3.3% to $44.77 premarket.
Wendy's Co. (WEN) said first-quarter earnings surged as the
fast-food chain posted gains from the sale of company-owned
locations. Results beat estimates, pushing shares up 3.5% to $8.62
premarket.
Watch List:
American Airlines Group Inc. (AAL), Southwest Airlines Co. (LUV)
and United Continental Holdings Inc. (UAL) reported improved
traffic in April, coming off several difficult months of severe
winter weather.
Aramark Holdings Corp. (ARMK) said it swung to a profit in its
fiscal second quarter as the food-services company reported
increased sales across segments. Earnings beat estimates and the
company also raised its adjusted earnings outlook range for the
year.
Avis Budget Group Inc. (CAR) swung to a profit in the first
quarter as the car-rental company reported higher sales in North
America and world-wide.
Cablevision Systems Corp. (CVC) said it swung to a profit in the
first quarter, driven by higher rates and advertising sales that
boosted its cable revenue.
Caesars Entertainment Corp.'s (CZR) first-quarter loss widened
as the casino operator recorded a drop in revenue amid continued
softness in parts of the domestic gaming market.
Cato Corp. (CATO), a specialty retailer of value-priced fashion
apparel and accessories, raised its fiscal first-quarter earnings
outlook, saying April sales were above expectations.
CenturyLink Inc. (CTL) said first-quarter earnings fell nearly
32% despite strong operating results as the company finally
reserved a downward revenue trend. The results beat Wall Street
expectations.
Ford Motor Co. (F) said its board has approved a $1.8 billion
share-repurchase plan as the auto maker looks to offset impending
share-based compensation and conversions of certain notes.
GTx Inc. (GTXI) on Thursday indicated that its treatment for
muscle-wasting in lung cancer patients undergoing chemotherapy
faces mixed regulatory prospects in the U.S. and the European
Union.
Gilead Sciences Inc. (GILD) said its board has approved a
stock-repurchase plan of up to $5 billion, The company recently had
a market capitalization of about $121.12 billion with about 1.54
billion shares outstanding, according to FactSet Research.
Huntington Ingalls Industries Inc. (HII) said its first-quarter
earnings more than doubled as revenue edged higher. But results
missed Wall Street estimates.
McDonald's Corp. (MCD) said same-store sales rose 1.2% in April,
with stronger results in China offsetting flat sales in the
U.S.
Prudential Financial Inc. (PRU) swung to a first-quarter profit
as the insurer saw sharply lower net realized investment
losses.
SanDisk Corp. (SNDK) said its board has approved a 33% increase
in the company's quarterly dividend payment, bringing the total
annual per-share payout to $1.20.
Write to Anna Prior at anna.prior@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
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