Among the companies with shares expected to actively trade in
Thursday's session are OCZ Technology Group Inc. (OCZ), VeriFone
Systems Inc. (PAY) and Men's Wearhouse Inc. (MW).
Data-storage firm OCZ Technology cut its fiscal second-quarter
revenue forecast, pointing to constraints in the supply of NAND
flash memory, which is used in solid-state drives. Shares tumbled
24% to $4.05 premarket.
VeriFone's fiscal third-quarter income rose 43% as the
electronic-payments company's revenue strengthened, led by its
services business. Still, shares dropped 11% to $31.50 premarket
after the company predicted weak fourth-quarter revenue.
Men's Wearhouse turned in a 4.1% increase in fiscal
second-quarter earnings as same-store sales grew for its namesake
and Moores brands. Shares rose 9.9% to $35 premarket as earnings
beat the retailer's expectations and the company lifted its
full-year view.
Realty Income Corp. (O) agreed to buy American Realty Capital
Trust Inc. (ARCT) for roughly $1.93 billion as the real-estate
investment trust looks to diversify its portfolio outside the
retail industry. Shareholders will get about 0.29 Realty Income
share for each share of American Realty, valuing the company at
$12.21 a share, a 2.1% premium over Wednesday's close. Shares of
American Realty were up 7% premarket, to $12.80.
Branded drug maker Warner Chilcott PLC (WCRX) on Thursday
detailed pending stock sales by private-equity owners Bain Capital
Partners, J.P. Morgan Partners and Thomas H. Lee Partners, as well
as members of its senior management. In total, the group of
shareholders will sell 42.9 million shares, boosting Warner
Chilcott's public float by roughly 25%. Shares slid 9.4% to $12.85
premarket.
BreitBurn Energy Partners LP's (BBEP) offering of 10 million
common units representing limited-partner interests priced at
$18.51 a piece, a 4% discount to its Wednesday close. Units fell
4.4% to $18.44 premarket.
Enbridge Energy Partners LP (EEP) plans to offer roughly 14
million Class A units representing limited-partner interests. The
oil and gas transporter's shares slid 4.7% to $28.31 premarket.
Watchlist:
ABM Industries Inc.'s (ABM) fiscal third-quarter profit fell 55%
as the company said lower government spending sapped revenue, while
expenses rose.
Aircraft leasing and maintenance company AAR Corp. (AIR)
reported preliminary fiscal first-quarter results above analyst
expectations, pointing to stronger commercial sales.
AeroVironment Inc. (AVAV) swung to a worse-than-expected fiscal
first-quarter loss as sales of its unmanned aircraft slipped.
Enbridge Inc. (ENB, ENB.T) said President Al Monaco will take on
the additional title of chief executive, effective Oct. 1,
succeeding Patrick D. Daniel, who will retire at that time.
Encana Corp. (ECA, ECA.T) said Wednesday an internal
investigation concluded that the natural-gas producer didn't engage
in collusion with competitor Chesapeake Energy Corp. (CHK)
regarding Michigan land leasing in 2010.
FuelCell Energy Inc.'s (FCEL) fiscal third-quarter loss widened
as the power-equipment maker's product sales weakened and expenses
increased. Results missed analyst expectations.
Harry Winston Diamond Corp.'s (HWD, HW.T) fiscal second-quarter
earnings slumped 52% as the jewelry retailer reported weaker sales
in both its mining and luxury brand segments. Earnings missed
analyst expectations.
H&R Block Inc.'s (HRB) fiscal first-quarter loss narrowed as
the tax-preparer recorded fewer expenses but revenue missed analyst
expectations.
Home Loan Servicing Solutions Ltd. (HLSS) said it is commencing
a public offering of 11.5 million shares, intending to use the
proceeds to buy the right to receive servicing and other fees and
assets from Ocwen Loan Servicing LLC.
Korn/Ferry International's (KFY) fiscal first-quarter earnings
fell 32% as the company reported lower fee revenue at its
executive-search business and as currency fluctuations hurt its
overall revenue.
M/I Homes Inc. (MHO) said its offering of 2.2 million common
shares priced at $17.63, matching Wednesday's closing price.
Mitcham Industries Inc.'s (MIND) fiscal second-quarter profit
surged as the seismic equipment supplier recorded a favorable tax
impact, masking a decline in equipment leasing revenue. Earnings
beat analyst expectations.
Nordion Inc. (NDZ, NDN.T) swung to a fiscal third-quarter profit
as the medical-technology company logged fewer one-time expenses,
and sales grew modestly.
SeaChange International Inc. (SEAC) swung to a fiscal
second-quarter loss as the video-gear maker's sales fell and its
profit margin narrowed.
Sigma Designs Inc.'s (SIGM) fiscal second-quarter loss narrowed
as the company's revenue climbed with help from a recent
acquisition.
Snyder's-Lance Inc. (LNCE) has agreed to acquire Snack Factory
LLC and certain affiliates for $340 million in cash, adding the
fast-growing Pretzel Crisps brand to the snack company's
portfolio.
Stewart Enterprises Inc.'s (STEI) fiscal third-quarter profit
fell 20% as the funeral-services company logged fewer one-time
gains, masking an increase in revenue.
Supervalu Inc. (SVU) said it will close about 60 underperforming
or "nonstrategic" stores this year, as the struggling supermarket
operator looks to cut costs, which could make it attractive to a
potential buyer.
The U.S. Department of Defense's Tricare health plan has decided
it won't let its nearly 10 million beneficiaries who get drug
coverage through Express Scripts Holding Co. (ESRX) resume getting
prescriptions filled at Walgreen Co. (WAG) outlets.
Wright Express Corp. (WXS) has agreed to acquire fueling company
Fleet One from private equity firms for $369 million in cash as the
payment processing company seeks to expand its presence in the
heavy truck market in North America.
Zillow Inc. (Z) said it will offer 3.18 million Class A shares
as the real-estate information provider raises funds for general
purposes.
Write to Mia Lamar at mia.lamar@dowjones.com
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