Among the companies with shares expected to actively trade in
Wednesday's session are Whole Foods Market Inc. (WFM), Symantec
Corp. (SYMC) and Market Leader Inc. (LEDR).
Whole Foods Market's fiscal second-quarter profit rose 20% as
the supermarket chain reported a jump in sales, while also
announcing a two-for-one stock split. Shares rose 8.1% to $100.30
in premarket trading as earnings beat Wall Street estimates and its
profit margin didn't fall as executives had previously warned.
Symantec's fiscal fourth-quarter earnings fell 66% amid
restructuring-related expenses and other items, masking revenue
growth and rising operating margins at the security-software maker.
The company also initiated a quarterly dividend of 15 cents. Shares
slipped 6.4% to $23.50 in premarket trading.
Trulia Inc. (TRLA) has agreed to acquire real-estate-focused
software maker Market Leader for about $355 million in cash and
stock as the real-estate-listing service looks to beef up its
offerings. Market Leader's shareholders will get $6 in cash and
about 0.2 shares of Trulia, translating into a per-share offer
price of $11.33, an 18% premium to Market Leader's closing price
Tuesday. Trulia shares slipped 2.2% to $33.59 in light premarket
trading, while Market Leader shares jumped 16% to $11.10.
ValueClick Inc. (VCLK) reported mixed first-quarter results with
revenue falling short of analysts' estimates. The Internet
advertising company also lowered its full-year revenue guidance,
with management speaking on ValueClick's quarterly conference call
saying it now sees growth between 12% and 14% compared to its
previous expectation for 13% to 15% growth, said Stephens in a note
to clients as it downgraded its view on the stock to equal-weight
from overweight. Shares fell 18% to $25.90 premarket.
Blyth Inc. (BTH) lowered its full-year earnings per-share
guidance, citing in part a decline in sales projections for its
personal health business, ViSalus. Shares of the designer and
marketer of candles, home accessories and health and wellness
products fell 14% to $14.65 premarket.
Electronic Arts Inc. (EA) is expecting a healthy bump in the
holidays, though its current quarter looks to be a tough one. The
game maker said it expects earnings for its coming 2014 fiscal year
to be $1.20 a share when adjusted for deferred revenue from some
games, among other items. That is well ahead of analyst
expectations of $1.10 a share. Shares rose 7.3% to $19.76
premarket.
C.H. Robinson Worldwide Inc.'s (CHRW) first-quarter earnings
edged down 3% as the transportation and logistics company posted
higher costs that masked a rise in revenue. Shares fell 6.8% to
$57.38 premarket as earnings missed Wall Street estimates.
Myriad Genetics Inc.'s (MYGN) fiscal third quarter results beat
expectations and the biopharmaceutical company raised its full-year
earnings per-share and revenue outlook. Shares of the company,
which develops therapeutic and diagnostic products based on the use
of genomic and proteomic technology, rose 9.5% to $30.99
premarket.
Cobalt International Energy Inc. (CIE) said selling shareholders
are offering a combined 50 million shares of the oil-focused
exploration and production company's stock. Shares were down 7.2%
at $26.72 premarket. The company had 411.2 million shares
outstanding as of March 31 and won't receive any proceeds from the
offer.
Pioneer Natural Resources Co. (PXD) is proposing to buy all the
outstanding shares of Pioneer Southwest Energy Partners LP (PSE) it
doesn't already own through a stock-for-unit exchange that values
the company at about $1.1 billion. Shares of Pioneer Southwest, a
Delaware-limited partnership headquartered in Dallas, Texas, jumped
20% to $31.21 in premarket trading.
Watchlist:
CA Inc. (CA) Chief Executive Mike Gregoire vowed to expand his
company's customer base after the information-technology company
reported its fourth straight quarterly sales decline and warned of
continuing weakness through the rest of its fiscal year. The
Islandia, N.Y., software maker also said it will cut about 1,200
jobs and consolidate development sites to focus on higher-priority
products and streamline its sales force, though CA said it will
"backfill" many of those positions in other areas.
McDonald's Corp.'s (MCD) global same-store sales fell 0.6% in
April as the world's largest fast-food chain battled persistent
economic weakness in Europe and Avian influenza problems in China,
though the U.S. posted a small improvement. The company recently
had cautioned that same-store sales would be slightly negative for
the month.
WebMD Health Corp.'s (WBMD) chief executive stepped down after
less than a year in the post, while the online health-information
provider said it was in talks to acquire or partner with other
companies. The company also narrowed its first-quarter loss, raised
its full-year guidance and gave a second-quarter outlook above
expectations.
Williams Cos. (WMB) first-quarter earnings fell 62% and gas
pipeline owner Williams Partners L.P.'s (WPZ) profit fell 21%, as
both were hurt by weaker natural-gas liquids margins. Williams Cos.
also lowered its 2013 per-share earnings estimate, citing weaker
margins that reflect higher natural-gas price and lower
natural-gas-liquids price assumptions. It now projects 73 cents a
share, from its previous outlook of 75 cents to $1.15.
Write to Anna Prior at anna.prior@dowjones.com
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