Among the companies with shares expected to actively trade in
Tuesday's session are Sarepta Therapeutics Inc. (SRPT), Dish
Network Corp. (DISH) and NRG Energy Inc. (NRG).
Sarepta reported the U.S. Food and Drug Administration said its
planned new drug application for Eteplirsen was premature,
following recent data that raised some questions about the
treatment for Duchenne muscular dystrophy. Shares were down 54% at
$16.65 premarket.
Dish swung to a third-quarter profit, helped by an increase in
revenue and subscriber rolls, while former unit EchoStar Corp.
(SATS) posted a weaker profit. Dish results beat expectations,
sending shares up 3.2% to $49 premarket.
NRG Energy swung to a third-quarter profit as the merchant power
generator received a boost from its GenOn Energy Inc. acquisition.
The company lowered the high end of its previous adjusted earnings
guidance for the year and also reduced its forecast for next year.
Shares dropped 2.8% to $27.25 premarket.
D.R. Horton Inc.'s (DHI) fiscal fourth-quarter profit rose 39%
as the home-builder's higher closings boosted revenue and home
sales beat estimates. Shares edged up 2.4% to $18.50 premarket.
Assured Guaranty Ltd.'s (AGO) third-quarter profit more than
doubled as the bond insurer recorded a gain tied to credit
derivatives that masked a decline in net premiums earned. Shares
rose 4.7% to $22.75 premarket.
Heartland Express Inc. (HTLD), a trucking firm steered by the
Gerdin family, agreed to acquire another family controlled peer,
Gordon Trucking Inc., in a transaction valued at about $300
million. Shares climbed 12% to $16.05 in light premarket
trading.
Rackspace Hosting Inc.'s (RAX) third-quarter profit fell 40%,
with growth in costs and expenses masking a rise in revenue. Shares
were down 7.3% to $45.69 premarket as the company's earnings came
in below Wall Street expectations.
Hologic Inc. (HOLX) reported a $1.11 billion write-down,
resulting in a wider fiscal fourth-quarter loss at the women's
health-care-products company. Shares of Hologic were down 12% at
$20.05 premarket, as the company's guidance for the current quarter
and its new fiscal year came in below Wall Street expectations.
News Corp (NWSA, NWS.AU) swung to a profit for the fiscal
quarter, as cost-cutting helped offset lower revenue. Revenue
missed expectations, sending the publishing company's shares down
2.4% to $17 premarket.
Solta Medical Inc. (SLTM) unveiled restructuring plans to
improve its financial performance and has hired an adviser to help
evaluate strategic alternatives, including a possible sale or
merger of the medical aesthetics device maker. Investors cheered
the news, sending shares up 7.7% to $1.97 premarket.
Watch List:
Aecom Technology Corp. (ACM) swung to a fiscal fourth-quarter
profit despite continued weakness in the technical and
management-support services provider's Americas and Australia
markets. The company forecast per-share earnings for the recently
started new fiscal year that were below Street estimates.
Baker Hughes Inc. (BHI) said Monday it suspended operations in
Iraq following a protest incident last week at a facility belonging
to one of the oilfield services company's subsidiaries.
Corporate support service provider Innotrac Corp. (INOC) on
Monday confirmed the company has been in recent talks regarding a
potential takeover bid worth nearly $109 million. The company,
which didn't name the potential buyer, said it had been engaged in
discussions for "a few weeks" under an agreement that would result
in investors receiving $8.20 a share.
Jos. A. Bank Clothiers Inc. (JOSB) forecast better-than-expected
fiscal third-quarter earnings, due to higher total sales. "Our
projected performance in the third quarter, which was somewhat
affected by the government shutdown, marks a continuation of the
positive trends we had seen at the end of the second quarter,"
Chief Executive R. Neal Black said.
Sotheby's (BID) third-quarter loss narrowed as the auction house
logged an increase in private sale commissions and auction
commission revenue.
Xerox Corp.'s (XRX) board approved a $500 million increase to
its repurchase program, bringing its current authorization to about
$1.5 billion. The company also projected adjusted earnings for next
year that were in line with Street expectations.
Write to Lauren Pollock at lauren.pollock@wsj.com
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