Among the companies with shares expected to actively trade in
Wednesday's session are Synaptics Inc. (SYNA), Mistras Group Inc.
(MG) and Ambit Biosciences Corp. (AMBI).
Touchscreen-technology company Synaptics raised its
fourth-quarter sales guidance, citing higher-than-expected revenue
from mobile products. Shares climbed 13% to $40.51 premarket.
Mistras cut its earnings outlook for the full fiscal year amid
weaker-than-expected demand. Shares of the infrastructure-testing
company fell 13% to $17.69 in premarket trading.
Ambit Biosciences said based on positive data from the Phase 2
ACE study of quizartinib for patients with relapsed or refractory
acute myeloid leukemia, as well as ongoing discussions with the
Food and Drug Administration, the company is planning to initiate a
Phase 3 clinical trial in early 2014. Shares rose 10% to $7.50 in
light premarket trading.
Watchlist:
AeroVironment Inc. (AVAV) swung to a fiscal fourth-quarter loss
as the company reported much lower revenue from drones. However,
its per-share loss of four cents beat analysts' expectations.
Apogee Enterprises Inc.'s (APOG) fiscal first-quarter earnings
surged as the industrial-glass manufacturer continues to benefit
from a recovery in the U.S. commercial-construction market.
Apollo Group Inc.'s (APOL) fiscal third-quarter profit shrank
40% as the for-profit education company faced weaker enrollment and
restructuring costs. But shares rose 2.6% after hours to $19.88 as
the company boosted its full-year income expectations.
BlueLinx Holdings Inc. (BXC) has begun exploring strategic
options for five of its distribution centers that includes possible
sales or closures, as part of a restructuring plan that also will
involve a realignment of its headquarters resources.
Cinedigm Digital Cinema Corp. (CIDM) said it plans to offer
shares of its Class A stock. The digital-content distributor didn't
say how many shares it plans to sell. The company had 48.4 million
shares outstanding as of June 11.
Pawn-store operator First Cash Financial Services Inc. (FCFS)
cut its full-year outlook and also offered second-quarter guidance
below analyst expectations, pointing to continued negative
volatility in the price of gold and the Mexican peso.
Home BancShares Inc. (HOMB) and Liberty Bancshares Inc. have
agreed to merge in a $280 million cash and stock deal, a move that
significantly increases Home BancShares's deposit-market share in
Arkansas.
Las Vegas Sands Corp. (LVS) said Chief Financial Officer Kenneth
J. Kay will be stepping down effective July 31, but will continue
to aid the company in a six-month transition.
Moody's Investors Service lifted the ratings outlook for
Mattress Firm Holding Corp. (MFRM) to positive from stable, on the
expectation that the bedding retailer's operating performance will
likely continue to improve despite macroeconomic uncertainty.
Standard & Poor's Ratings Services lowered its rating on
Quicksilver Resources Inc. (KWK) further into junk territory,
saying it doesn't believe the oil-and-gas explorer will be able to
remedy its unsustainable leverage.
Parexel International Corp. (PRXL) offered revenue guidance for
fiscal 2014 that was below analysts' estimates, while affirming its
prior view for the current quarter and current fiscal year.
SandRidge Energy Inc. (SD) has appointed Eddie LeBlanc as its
new chief financial officer, succeeding James Bennett, who was
recently named the oil-and-gas producer's chief executive.
Smith & Wesson Holding Corp.'s (SWHC) fiscal fourth-quarter
earnings more than doubled amid continued strong demand that
resulted in double digit sales growth and higher margins.
Synnex Corp.'s (SNX) fiscal second-quarter earnings fell 10% as
higher costs and expenses masked increased revenue at the
information-technology distributor.
Moody's Investors Service raised its outlook on United Rentals
Inc. (URI), as it expects the equipment-rental company's operating
performance to continue to improve.
Write to Anna Prior at anna.prior@dowjones.com
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