Among the companies whose shares expected to actively trade in
Tuesday's session are Intuitive Surgical Inc. (ISRG), WD-40 Co.
(WDFC) and Barnes & Noble Inc. (BKS)
Intuitive Surgical projected second-quarter results below
analyst expectations, saying that sales of its robotic surgery
machines were hurt by increased economic pressure on hospitals and
slower growth of benign gynecologic procedures. Shares slumped 12%
to $442 after hours.
WD-40's fiscal third-quarter profit rose 12% as the company
reported strong sales of its multi-purpose products, including its
flagship lubricant spray, in Europe and the Americas. Shares jumped
14% to $65.86 as the company also raised its full-year outlook.
Barnes & Noble Chief Executive William Lynch has resigned
and the bookseller unveiled a handful of executive changes, moves
that come as the company has posted sharp drops in same-store sales
and significant challenges in its Nook e-reader division. Shares
were down 4.8% to $16.81 after hours.
AmeriGas Partners LP (APU) lowered the top end of its projection
for full-year adjusted earnings before interest, taxes,
depreciation and amortization, and said one of its unitholders has
launched an offering of 6 million common units. Units fell 4.8% to
$47.38 after hours. The company has about 92.8 million units
outstanding.
Biopharmaceutical firm Amarin Corp. PLC (AMRN) is offering to
sell 21.7 million American depositary shares. The company recently
had around 135.5 million ADSs outstanding, according to FactSet.
Amarin's ADSs were down 11% to $5.52 after hours.
Home Properties Inc. (HME) plans to offer 3.5 million shares, as
it looks to fund acquisitions, new development and redevelopment of
apartments. The real estate investment trust had around 52.2
million shares outstanding as of April 25. Shares fell 2.2% in
after-hours trading to $64.10.
Watchlist:
Alcoa Inc. (AA) reported a steep $119 million net loss, taking
huge charges to close capacity in face of tepid demand, a global
glut of aluminum, record-high inventories and lower prices.
Applied Materials Inc. (AMAT) is seeing a four-year growth path
that should at least double its earnings. The big maker of tools
for manufacturing computer chips and displays on Monday projected
adjusted earnings per share of anywhere from $1.50 to $2.15 by its
2016 fiscal year. Applied reported earnings of 75 cents in the
fiscal year ended Oct. 28 on that basis, which excludes
restructuring and acquisition-related charges and other one-time
items.
Specialty chemicals firm Cytec Industries Inc. (CYT) said it is
changing the way it accounts for pension and other retirement
benefits, and anticipates related charges to be lower than expected
in 2013.
Ignite Restaurant Group Inc. (IRG) filed plans for certain
shareholders, including investment fund J.H. Whitney, which holds a
68% stake in the casual eatery operator, to offer an undisclosed
number of shares.
Ixia (XXIA) cut its second-quarter revenue guidance amid lower
than expected revenue from network equipment manufacturers and
certain service providers.
NGL Energy Partners LP (NGL) launched an offering of 9 million
units, planning to use the proceeds to pay down debt. The energy
company recently had around 49.1 million units outstanding.
Quanex Building Products Corp. (NX) has named board member
William C. Griffiths as its new chairman, president and chief
executive, succeeding David D. Petratis who has resigned to accept
a position with another company.
ScanSource Inc. (SCSC) lowered its fiscal fourth-quarter revenue
view, with sales of the maker of bar-code scanners and label
printers expected to decline from a year earlier but improve from
the previous quarter.
SORL Auto Parts Inc. (SORL) said EFP Rotenberg LLP has resigned
as its independent accounting firm because it is withdrawing from
auditing Chinese companies.
Tibco Software Inc. (TIBX) has promoted Matt Langdon to the role
of chief financial officer.
United Continental Holdings Inc.'s (UAL) consolidated traffic
shrank 0.6% in June as the carrier's capacity declined.
The Washington Post Co. (WPO) said it will make a financial
investment in church-finding website FaithStreet.com and contribute
the contents of its online OnFaith section.
Wynn Resorts Ltd. (WYNN) said the Securities and Exchange
Commission doesn't plan to recommend any enforcement action against
the casino operator following an informal investigation.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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