Among the companies with shares expected to actively trade in Friday's session are Aeropostale Inc. (ARO), Pandora Media Inc. (P) and Hibbett Sports Inc. (HIBB).

Aeropostale swung to a fiscal second-quarter loss as the company became the latest youth-focused apparel retailer to record a sharp drop in same-store sales. Shares fell 15% to $9.26 premarket as the company issued current quarter guidance well below consensus views.

Pandora's fiscal second-quarter loss widened as the Internet-radio provider recorded an increase in expenses, though revenue continued to improve. Shares were down 6.8% to $20.23 premarket as the company gave weak earnings guidance for the third quarter.

Hibbett Sports' fiscal second-quarter earnings rose 34% as sales grew and the company continued to beef up its store count. However, the sporting-goods retailer lowered its earnings guidance for the year citing uncertainties in the economy. They company also lowered its same-store sales growth estimate. Shares fell 8.5% to $53.50 premarket.

Travelocity is teaming up with longtime rival Expedia Inc. (EXPE) to power the core of its business: finding hotels and airfares. The two companies said Thursday that they are entering a long-term agreement under which Expedia will handle most of Travelocity's operations, from running searches to answering customers' questions to processing bookings. In turn, Travelocity will largely become a brand aimed at attracting customers to its website rather than a true travel agency. Expedia shares rose 6% to $49.25 premarket.

Ann Inc.'s (ANN) fiscal second-quarter earnings rose a better-than-expected 16% as the women's apparel retailer posted stronger sales at both its Ann Taylor and Loft brands, though margins slipped. Shares rose 3% to $33.60 premarket, although the company did again lower its outlook for the year.

Independent Bank Corp. (IBCP) said that its 11.5 million share offering priced at $7.75 per share, a 7.7% discount to Thursday's close. The Michigan bank holding company said it intends to use the proceeds from the offering to buy back all of its convertible preferred stock from the U.S. Treasury, which was purchased under the Troubled Asset Relief Program from the financial crisis of 2008, for an aggregate payment of $81 million. Independent Bank recently had about 9.5 million shares of its common stock outstanding. Shares fell 2.9% to $8.16 premarket.

 
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Aruba Networks Inc.'s (ARUN) fiscal fourth-quarter loss widened as the wireless-equipment maker's growing expenses outpaced a rise in revenue.

Autodesk Inc.'s (ADSK) fiscal second-quarter profit shrank 4.5% as the design-software company's license revenue slumped, though subscription revenue offset some of that decline. The company forecast weaker-than-expected third-quarter results.

Gap Inc.'s (GPS) fiscal second-quarter profit jumped 25% as sales grew at the apparel retailer's namesake and Old Navy stores, strong results that led the company to raise its full-year earnings target.

Moody's Investors Service put the debt ratings of the six largest U.S. banks on review, reflecting uncertainty regarding U.S. policies for supporting distressed banks. Moody's placed on review for downgrade the senior debt ratings of Goldman Sachs Group Inc. (GS), J.P. Morgan Chase & Co. (JPM), Morgan Stanley (MS) and Wells Fargo & Co. (WFC). The senior debt ratings of Bank of America Corp. (BAC) and Citigroup Inc. (C) were placed on review, with direction uncertain, as the ratings firm takes into account improvements in the standalone credit strength of their main subsidiaries.

Standard & Poor's Ratings Services has raised its outlook to positive on Louisiana-Pacific Corp. (LPX) as the construction-materials company gets a boost from a recovering housing market.

Marvell Technology Group Ltd.'s (MRVL) fiscal second-quarter earnings fell 34% as the chip maker was hurt by higher costs as well as slightly weaker margins and revenue.

Mentor Graphics Corp.'s (MENT) fiscal second-quarter net grew 32% as the chip-design software company reported sales and profit growth that exceeded expectations.

New York & Co.'s (NWY) fiscal second-quarter loss narrowed as rising same-store sales and margins offset a decline in total sales due to store closures, though results missed Wall Street's expectations.

Nordson Corp.'s (NDSN) fiscal third-quarter earnings slipped 1.9% as the maker of dispensing equipment logged weaker margins. Sales fell short of Nordson's own expectations and the company offered current-quarter guidance below analyst consensus estimates.

Moody's Investors Service has placed its rating on Pilgrim's Pride Corp. (PPC) on review for a potential upgrade, citing the poultry processor's improved operating performance and significant amount of debt repaid over the past year.

RetailMeNot Inc.'s (SALE) second-quarter earnings fell 5.8% as the online-coupon company's strong revenue growth was overshadowed by soaring costs in the company's first quarterly report since its initial public offering last month.

Ross Stores Inc.'s (ROST) fiscal second-quarter profit rose 17% as the discount clothing and home-goods retailer posted sales growth and stronger profit margins.

Moody's Investors Service downgraded Weight Watchers International Inc. (WTW) by a notch, saying the weight-loss company has ceded ground to online competitors.

Write to Anna Prior at anna.prior@wsj.com

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