Among the companies with shares expected to actively trade in
Friday's session are BlackBerry Ltd. (BBRY), PG&E Corp. (PCG)
and Restoration Hardware Holdings Inc. (RH).
BlackBerry on Friday posted a quarterly operating loss that was
much smaller than analysts had feared, but revenue missed
expectations--slipping below $1 billion for the first time since
2007--and the company's cash positioned worsened. Shares rose 7.4%
to $9.72 premarket.
Caesars Entertainment Corp. (CZR) outlined plans to offer 7
million shares. The casino company is facing a crippling debt load
following its leveraged buyout. Shares slid 7.2% to $19.56
premarket.
Exact Sciences Corp. (EXAS) said a U.S. Food and Drug
Administration panel has determined the company's cancer-screening
test has demonstrated safety and effectiveness, paving the way for
potential approval. The FDA's Molecular and Clinical Genetics Panel
met on Thursday to review the premarket-approval application for
Cologuard, Exact's stool DNA-based, noninvasive
colorectal-cancer-screening test. Shares climbed 5.5% to $14.50
premarket.
Finish Line Inc. (FINL) said its fiscal fourth-quarter earnings
rose 25% as the athletic-gear retailer posted stronger same-store
sales. But the top line didn't grow as much as Wall Street
expected, and the company gave a cautious earnings forecast for the
new year. Shares edged up 2.2% to $27.05 premarket.
Idera Pharmaceuticals Inc. (IDRA) said a recent clinical study
of its plaque psoriasis treatment met its objectives, allowing the
company to push forward with the treatment's development. The
company's shares jumped 32% to $5.14 premarket.
PG&E said its expects the U.S. government will file criminal
charges against the gas-and-electric company related to the 2010
fatal explosion in San Bruno, Calif. However, the company also
stated that it thinks that any criminal charges wouldn't be merited
and that its employees didn't intentionally violate federal
pipeline safety laws. Shares dropped 3.8% to $42 premarket.
Restoration Hardware swung to a fiscal fourth-quarter profit as
the high-end-home-goods retailer reported continued sales growth
and said it had hired retail veteran Doug Diemoz as its chief
development officer. The company also projected per-share profit
for the fiscal first-quarter that topped expectations. Shares
climbed 8% to $68.89 premarket.
Steven A. Cohen's investment-firm SAC Capital Advisors on
Thursday disclosed an increased stake in Zynga Inc. (ZNGA), now
owning more than 5% of the game maker's shares. Shares rose 4.5% to
$4.67 premarket.
Watch List:
CBS Outdoor Americas Inc. (CBSO) will start trading Friday as a
standalone company, after pricing Thursday night at the top of its
expected range. The billboard-advertising company offered 20
million shares at $28 each in its initial public offering. The
company is splitting off from CBS Corp. (CBS), as the media giant
tries to lessen its reliance on ad dollars for its revenue.
Ford Motor Co. (F) on Friday said it would invest $500 million
to upgrade its engine plant in Lima, Ohio, to produce new engines
for F-150 trucks in the company's 2015 model year. The auto maker
said the move would add 300 jobs to the plant, which already
employs more than 900 people.
LipoScience Inc. (LPDX) on Friday cut its revenue outlook for
the current period after its pact with customer Health Diagnostics
Laboratory Inc. was terminated. The medical-test provider said it
expects the contract termination to weigh on revenue in the short
and medium term.
Oxford Industries Inc. (OXM) said its fiscal fourth-quarter
earnings nearly tripled as the apparel company reported sales
growth at its Tommy Bahama and Lilly Pulitzer brands.
Progress Software Corp.'s (PRGS) fiscal first-quarter profit
fell 64% as the business-software provider's revenue slipped due to
the timing of certain deal closures.
Red Hat Inc. (RHT) said its fiscal fourth-quarter profit jumped
4.9% as the software company reported broad top-line growth, led by
higher subscription revenue. Results exceeded the company's
expectations.
Re/Max Holdings Inc.'s (RMAX) fourth-quarter profit jumped as
the real-estate brokerage franchiser reported higher franchise and
broker fees.
Write to John Kell at john.kell@wsj.com and Lauren Pollock at
lauren.pollock@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires