Among the companies with shares expected to actively trade in
Tuesday's session are Apollo Group Inc. (APOL), Coinstar Inc.
(CSTR) and News Corp. (NWS, NWSA).
Apollo's fiscal third-quarter earnings fell 37% as the
for-profit education company's revenue continued to slip and
enrollment dropped. However, shares jumped as results topped
analyst expectations. The stock was last up 3.2% to $33.50 in
premarket trading.
Coinstar lowered its earnings outlook for the year after closing
its $100 million purchase of NCR Corp.'s (NCR) DVD-kiosk business
Monday. Shares were down 4.3% to $62.61 premarket on the softer
forecast.
News Corp. is considering splitting into two companies,
separating its publishing assets from its entertainment businesses,
people familiar with the situation have told The Wall Street
Journal. News Corp. owns Dow Jones & Co., publisher of this
newswire and The Wall Street Journal. Class A shares were last
trading 5.7% higher at $21.23 in premarket trade.
Seagate Technology Inc. (STX) will replace Progress Energy Inc.
(PGN) in the S&P 500 index after the close of trading on
Friday, due to Duke Energy Corp.'s (DUK) planned acquisition of
Progress. Seagate shares were last trading 4% higher premarket at
$24.20.
LDK Solar Co. (LDK) swung to a worse-than-expected fiscal
first-quarter loss as the solar-product maker continued to battle
industry-wide oversupply and price declines. The company also
forecast second-quarter revenue below expectations and trimmed its
full-year targets. Shares slumped 7.4% to $1.87 in premarket
trading.
Shares of drug maker Supernus Pharmaceuticals Inc. (SUPN) surged
Tuesday after the company said it has received tentative approval
of its epilepsy drug Trokendi from the Food & Drug
Administration. Shares were were last up 37% to $7.80 in premarket
trade.
Rosetta Genomics Ltd. (ROSG) plans to offer up to $35 million in
ordinary shares as the molecular-diagnostics firm looks to raise
money for its operations and other purposes. Shares slid 8.1% to
$10.80 premarket.
Watchlist:
AMAG Pharmaceuticals Inc. (AMAG) said it will cut about
one-fourth of its workforce and divest its manufacturing facility
in Cambridge, Mass., as the company looks to cut costs and focus
resources on its Feraheme drug and on expanding its product
portfolio with specialty drugs.
China Digital TV Holding Co. (STV) lowered its second-quarter
guidance for the Chinese television provider's smart-card shipment
volume and total revenue, citing lower-than-planned sales in
several provinces throughout China.
Digital Realty Trust Inc. (DLR) plans to sell 8.25 million
shares of its stock as the data services company enters an
agreement to buy a portfolio of London-area data centers for
roughly $1.1 billion.
Facebook Inc. (FB) said Chief Operating Officer Sheryl Sandberg
is joining the company's board, making her the first female board
member for the social network.
Standard & Poor's Ratings Services lowered its rating on
James River Coal Co. (JRCC) one notch further into junk territory,
saying the coal producer's revenues and profits in 2012 and 2013
will likely be lower than previously expected due to a
warmer-than-normal winter and ongoing natural gas substitution.
Synnex Corp.'s (SNX) fiscal second-quarter earnings rose 9.5% as
lower input costs masked softer revenue for the
distribution-services company. However, the company forecast
downbeat third-quarter results.
Watson Pharmaceuticals Inc. (WPI) said it has filed an
abbreviated new-drug application with the U.S. Food and Drug
Administration to market a generic version of Pfizer Inc.'s (PFE)
Pristiq antidepresant.
-Write to Mia Lamar at mia.lamar@dowjones.com