Among the companies with shares expected to actively trade in
Friday's session are LinkedIn Corp. (LNKD), American International
Group Inc. (AIG) and Weight Watchers International Inc. (WTW).
LinkedIn's second-quarter earnings increased 33% as the
professional social network continued to record increased
membership rolls and revenue growth across its businesses. Shares
rose 9.9% to $234.02 premarket as results were better than expected
and the company again raised its full-year revenue targets.
AIG will resume paying a common-stock dividend for the first
time since the depths of the financial crisis, a clear sign of the
giant insurer's turnaround. Shares were up 4.8% to $49.35
premarket.
Weight Watchers' second-quarter earnings fell 16% on a $20
million debt-refinancing related charge, while its weight-loss
meetings business continued to be hurt by weak revenue. The company
said Chief Executive David Kirchhoff resigned. Shares tumbled 14%
to $40.26 in premarket trading as Weight Watchers cut its 2013
per-share earnings guidance.
Alpha Natural Resources Inc.'s (ANR) second-quarter loss
narrowed following large write-downs and restructuring charges a
year earlier, though coal revenue dropped amid continued weak
demand for the fuel. Shares fell 4.6% to $5.19 premarket after the
company lowered the high end of its coal shipment guidance for the
year.
Audience Inc.'s (ADNC) second-quarter earnings fell 38% as the
audio-processing firm recorded weaker margins and increased tax
expense. Shares, which had been halted ahead of the release,
plummeted 21% to $10 premarket as the company said it expects an
adjusted loss for the third quarter, when analysts were expecting a
profit. Audience also forecast third-quarter revenue below Wall
Street estimates.
Brinker International Inc.'s (EAT) fiscal fourth-quarter
earnings fell 1.4% as the operator of the Chili's Grill & Bar
and Maggiano's Little Italy chains posted flat systemwide
same-restaurant sales and a slight increase in costs. Shares rose
3.2% to $42.25 premarket after the company reported adjusted
earnings ahead of expectations.
Boyd Gaming Corp. (BYD) said its offering of 16.5 million shares
priced at a 6.3% discount to Thursday's closing price. The casino
operator, which has about 87 million shares outstanding, said the
offering priced at $12. Shares were off 6.3% to $12 premarket.
MercadoLibre Inc.'s (MELI) second-quarter profit rose 18% as the
online marketplace posted growth in the number of users and items
sold. Shares jumped 12% premarket to $136.02.
ValueClick Inc.'s (VCLK) second-quarter profit fell 42% as an
impairment charge weighed on the Internet advertising company's
results. Shares slid 17% to $20.85 premarket as results fell short
of ValueClick's expectations and the company provided weak
current-quarter guidance.
Westport Innovations Inc.'s (WPRT) second-quarter loss widened
from a year earlier as revenue fell and costs increased. Shares of
Westport, which makes natural gas engines and vehicles, were down
9% to $29 in premarket trading as results fell short of analyst
expectations and the company lowered its full-year revenue
outlook.
Alaska Communications Systems Group Inc. (ALSK) shares jumped
51% to $3.86 premarket as the integrated telecommunications
provider recorded second-quarter results that beat Wall Street
estimates.
Gas pipeline owner Williams Partners L.P. (WPZ) and 3D
human-issue developer Organovo Holdings Inc. (ONVO) on Thursday
disclosed plans to sell units and shares, respectively, of their
companies. Units of Williams Partners fell 5% to $49.50 in
premarket trading, while Organovo fell 7.7% to $4.94.
Watchlist:
Activision Blizzard Inc. (ATVI) raised its financial outlook for
the year, following second-quarter results that fulfilled a
pre-announcement last week as the videogame maker prepares for the
holiday shopping season.
AVG Technologies NV's (AVG) second-quarter earnings surged as
the Internet and mobile security provider posted double-digit
revenue growth and stronger operating margins.
CC Media Holdings Inc. (CCMO) swung to a second-quarter profit
as it recorded a gain related to the sale of an investment in
Sirius XM Radio Inc., while sister company Clear Channel Outdoor
Holdings Inc. (CCO) also posted a profit as interest expense
fell.
Consolidated Edison Inc.'s (ED) second-quarter earnings slid 20%
as the utility company reported weaker revenue from its electric
business and higher operating expenses.
Edison International's (EIX) swung to a loss in its second
quarter as the company booked an impairment charge related to the
early retirement of the San Onofre nuclear plant in California.
Ellie Mae Inc.'s (ELLI) second-quarter earnings fell 26% as the
maker of mortgage-origination software logged higher expenses,
masking revenue growth.
Home Properties Inc.'s (HME) second-quarter profit soared 97% as
the apartment real-estate investment trust reported higher rental
rates and slightly lower expenses, while a key profitability metric
rose from a year ago.
Intuit Inc. (INTU) lowered its current-quarter and full-year
outlook as the financial software provider said it has completed
the divestiture of its financial services business.
Kraft Foods Group Inc.'s (KRFT) second-quarter profit climbed
37% as the foods company recorded a $604 million gain related to
pensions, masking falling revenue as demand slid for dressings and
Jell-O.
Leap Wireless International Inc.'s (LEAP) second-quarter loss
sharply widened as the pay-as-you-go wireless provider recorded a
steep loss tied to a debt payment and lower revenue due to fewer
subscribers.
Liberty Global PLC (LBTYA, LBTYB) swung to a second-quarter loss
on higher costs and fewer gains, though its revenue jumped due to
its Virgin Media acquisition.
Mohawk Industries Inc.'s (MHK) second-quarter earnings rose 16%
as the carpet and flooring supplier posted stronger ceramic,
laminate and wood sales following several acquisitions, though
margins slipped. The company beat estimates for the quarter and
forecast stronger-than-expected third-quarter earnings.
ON Semiconductor Corp.'s (ONNN) second-quarter profit soared
from the prior-year period on smaller impairments and lower costs.
The chipmaker's third-quarter guidance came in lower than analysts'
expectations.
OpenTable Inc.'s (OPEN) second-quarter profit jumped 45% as the
online restaurant reservation provider reported balanced growth in
North America and markets abroad, though shares fell on the
company's muted outlook commentary. The company gave a
third-quarter profit outlook that missed Wall Street's expectations
and a more muted view for full-year profitability.
Pacira Pharmaceuticals Inc.'s (PCRX) Exparel drug didn't meet it
primary goals as an intercostal nerve block for a certain type of
surgery when compared with a placebo in a second Phase 3 clinical
trial.
PerkinElmer Inc.'s (PKI) second-quarter profit fell 17% as the
manufacturer of health-testing equipment reported higher
restructuring and contract termination costs.
Public Storage's (PSA) second-quarter profit rose 31% as the
real-estate investment trust benefited from higher rents and
occupancy.
Standard & Poor's Ratings Services downgraded RadioShack
Corp.'s (RSH) junk-rated debt another notch, adding pressure on the
struggling electronics retailer to shore up its finances.
Skullcandy Inc. (SKUL) swung to a second-quarter loss as the
maker of headphones continued to report steep sales declines.
Revenue fell short of analyst expectations.
Southwestern Energy Co. (SWN) swung to a second-quarter profit
as the oil and gas company increased production and got help from
higher natural gas prices.
Tenaris SA's (TS, TEN.MI) second-quarter earnings fell 5.6% as
the producer of steel casings and pipes for the energy industry
reported weaker tube sales in North America and Europe.
Tesoro Corp.'s (TSO) second-quarter earnings were down 41% as an
increase in operating expenses and lower oil prices masked the
independent refiner's increase in revenue and production.
Write to Anna Prior at anna.prior@wsj.com
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