Among the companies with shares expected to actively trade in
Thursday's session are Ciena Corp. (CIEN), PVH Corp. (PVH) and
Tibco Software Inc. (TIBX).
Ciena Corp. (CIEN) swung to a third-quarter profit, but
projected revenue below expectations for the current quarter. The
telecom-equipment company pointed to "several significant
variables" for the disappointing revenue estimate but didn't
provide further details in Thursday's news release. Shares fell
3.9% to $19.66 premarket.
PVH Corp. (PVH) said its fiscal second-quarter profit rose as
the clothing company continues to see growth in brands such as
Calvin Klein and Tommy Hilfiger. Adjusted earnings beat
expectations. Shares rose 8.3% to $126.82 premarket.
Tibco Software Inc. (TIBX) on Wednesday confirmed it has begun a
review of strategic options and has formed a special committee to
assist in the process, bowing to pressure from an activist
investor. The moves come after months of difficulties for the
business-software firm. Shares rose 6.7% to $22.45 premarket.
H&R Block Inc. (HRB) said its fiscal first-quarter loss
widened slightly after a smaller tax benefit and losses at
discontinued operations, while the tax-services provider's revenue
benefited from a five-day extension of Canada's tax season. Shares
rose 1.5% to $33.99 premarket.
Joy Global Inc. (JOY) on Thursday said its fiscal third-quarter
earnings slumped 61%, as the mining-equipment maker continued to
post declining sales, though bookings improved. Results fell short
of Wall Street's expectations. Joy Global narrowed the ranges for
its revenue and earnings outlooks for the fiscal year. Shares fell
1.1% to $61.50 premarket.
Kamada Ltd. (KMDA) said Thursday that the European clinical
study of its inhaled Alpha-1 antitrypsin therapy failed to meet its
primary and secondary endpoints in the intended treatment
population. Shares fell 17% to $5.94 premarket.
UTi Worldwide Inc. (UTIW) said its fiscal second-quarter loss
widened as revenue declined in its airfreight forwarding and ocean
freight forwarding segments. Results fell short of market
expectations. Shares rose 6.5% to $9.66 premarket.
VeriFone Systems Inc. (PAY) reported stronger-than-expected
fiscal third-quarter results as the company continues to move away
from its traditional electronic payment hardware business. The
company raised its outlook for the fiscal year but projected
fiscal-fourth quarter results below expectations. Shares rose 4.1%
to $35.96 premarket.
Walgreen Co. (WAG) on Thursday said same-store sales rose 3.7%
in August, lead by growth in the pharmacy section, but fell shy of
analysts' expectations. Same-store sales for the fiscal
fourth-quarter, which ended Aug. 31, rose 5.6%. Meanwhile total
sales for the quarter rose 6.2% to $19.06 billion, topping
analysts' projections for $18.995 billion. Shares fell 61 cents to
$59.85 premarket.
Yum Brands Inc. (YUM) said Wednesday that it expects China
division sales at existing locations to decline about 13% for the
quarter ended Aug. 31. The fast-food chain operator had previously
warned that issues with a supplier in China caused a "significant,
negative impact" on KFC and Pizza Hut sales there. Shares fell 2.7%
to $69.52 premarket.
Watch list:
Mattress Firm Holding Corp. (MFRM) agreed to acquire Sleep Train
in a $425 million cash-and-stock deal, adding an operator of about
310 specialty mattress retail stores in five western states and
Hawaii. Mattress Firm, which also posted a 36% jump in fiscal
second-quarter sales, has continues to grow its store base through
acquisitions.
Teledyne Technologies Inc. (TDY) whose products include
instrumentation, digital imaging technology and electronics, has
agreed to buy Bolt Technology Corp. (BOLT) for about $171 million.
The $22-a-share deal provides a 37% premium to Bolt's Wednesday
closing stock price of $16.10.
Shoe Carnival Inc.'s (SCVL) second-quarter profit fell 56% as
same-store sales fell 2.1%, and the company issued third-quarter
guidance below Wall Street estimates.
Write to Tess Stynes at tess.stynes@wsj.com
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