Among the companies with shares expected to actively trade in
Tuesday's session are Dick's Sporting Goods Inc. (DKS), Elizabeth
Arden Inc. (RDEN) and Skilled Healthcare Group Inc. (SKH).
Aeropostale Inc. (ARO) on Monday unveiled a management shake-up
as the struggling teen-apparel retailer also projected a narrower
loss for the second quarter. The company said Chief Executive
Thomas Johnson and the board mutually agreed that he would step
down from the post, and Julian R. Geiger has rejoined the company
as chief executive. Shares climbed 10% to $3.57 premarket.
Retailer American Apparel Inc. (APP) said Monday that it expects
to enter into a credit agreement with certain borrowers "as soon as
practicable," as it unveiled its delayed second-quarter results,
which included a narrower loss. Shares slipped 1.6% to 92 cents
premarket.
Dick's Sporting Goods said its fiscal second-quarter profit slid
17% as higher revenue was offset by increased expenses and a
restructuring charge tied to its golf business. Shares edged up
5.1% to $45.72 premarket.
Elizabeth Arden said its fiscal-fourth quarter loss widened
sharply as a larger-than-expected drop in celebrity-fragrances
sales pushed down revenue. The company's loss for the quarter and
its decline in sales were significantly larger than Wall Street
expectations, pushing shares down 23% to $15.11 premarket.
Home Depot Inc.'s (HD) spring recovery turned into summer
strength as the home-improvement retailer posted
stronger-than-expected earnings and sales growth, prompting the
company to raise its outlook for the year. Shares rose 3.9% to
$86.83 premarket.
Medtronic Inc. (MDT) said Tuesday that it is "fully committed"
to completing its deal to buy Covidien PLC, which has come under
scrutiny over a controversial tax tactic that has drawn criticism
from U.S. government officials. The medical-devices maker also
posted fiscal first-quarter results that exceeded analysts'
expectations. Shares rose 1% to $64.07 premarket.
Skilled Healthcare has agreed to merge with Genesis HealthCare
in an all-stock deal that expands Genesis' geographic reach and
creates the second-largest contract therapy provider. Shares surged
28% to $7.85 premarket.
TJX Cos. (TJX) said its fiscal second-quarter earnings rose 7.9%
and beat expectations as the retailer benefited from higher sales
and increased customer traffic. As a result, the off-price seller
of brand-name apparel and home furnishings raised its outlook for
the current fiscal year. Shares rose 4.5% to $56.30 premarket.
Watch List:
Continental Resources Inc. (CLR) on Monday said its board has
approved a two-for-one stock split that will be issued in the form
of a stock dividend next month.
Write to Lauren Pollock at lauren.pollock@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires