Among the companies with shares expected to actively trade in
Tuesday's session are Herbalife Ltd. (HLF), Array BioPharma Inc.
(ARRY) and Gigamon Inc. (GIMO).
Herbalife's second-quarter profit rose 8.5% as the
nutritional-supplements maker recorded double-digit sales growth.
Shares jumped 5.8% to $64.09 after hours as results topped
Herbalife's expectations and the company lifted its full-year
guidance.
Drug developer Array BioPharma said it will receive up to $387
million in upfront and potential milestone payments under a new
collaboration with Celgene Corp. (CELG) for an Array-invented
preclinical development program targeting an inflammation pathway.
Array shares jumped 8.5% to $6.79 after hours.
Gigamon's better-than-expected second-quarter results, the first
quarterly report the networking-hardware company issued since going
public last month, led investors to send shares higher in
after-hours trading. Shares rose 8.3% to $34.25 after hours.
American Capital Agency Corp. (AGNC) swung to a profit in the
second quarter as the company posted a gain on securities. Shares
rose 5.3% to $23 in after-hours trading as net income surpassed
expectations.
Eastman Chemical Co.'s (EMN) second-quarter earnings rose 48% as
the chemical and materials manufacturer reported increased sales in
most of its segments, thanks in large part to its acquisition of
Solutia Inc. Shares were up 4% to $78.05 after hours as earnings
beat expectations and the company raised its earnings guidance for
the year.
Maker of test-and-measurement equipment National Instruments
Corp.'s (NATI) second-quarter profit fell 45% as higher input costs
pressured its margins. Shares fell 9.9% after hours to $27.50 as
the company also gave a downbeat third-quarter view.
Orthofix International N.V. (OFIX) is postponing its
second-quarter earnings report because the medical device company
needs additional time to review matters related to revenue
recognition for prior periods. Shares dropped 11% to $24.40 after
hours.
PMC-Sierra Inc.'s (PMCS) second-quarter loss widened as the chip
maker's revenue continued to decline. Shares fell 7.4% to $6.49
after hours.
William A. Franke will resign as chairman of Spirit Airlines
Inc.'s (SAVE) board in August as funds affiliated with private
equity fund Indigo Capital LLC divest their stake of 12 million
shares in the discount air carrier. Spirit had 72.6 million shares
outstanding as of July 19. Shares were down 4.5% to $33.80 after
hours.
Drug developer Sunesis Pharmaceuticals Inc. (SNSS) said that an
ethics committee has recommended that a study assessing the sole
use of the company's vosaroxin treatment for acute mylogenous
leukemia be discontinued. Shares fell 9% to $5.14 in after-hours
trading Monday.
Vertex Pharmaceuticals Inc.'s (VRTX) second-quarter loss
narrowed as expenses declined, though sales of the company's
hepatitis C drug Incivek continued to weaken. Shares rose 2.9% to
$82 after hours, however, as the pharmaceutical company's cystic
fibrosis drug Kalydeco had a big second-quarter beat. Plus, the
company disclosed a successful late stage trial that could expand
Kalydeco's use to more patients.
Watchlist:
Anadarko Petroleum Corp. (APC) swung to a second-quarter profit
as the oil and gas producer was helped by derivatives gains and
other impacts.
Standard & Poor's Ratings Service on Monday downgraded
enterprise software company BMC Software Inc.'s (BMC) rating to
junk territory, citing a "substantial" amount of debt financing
related to its acquisition by a group led by Bain Capital and
Golden Gate Capital.
Caesars Entertainment Corp.'s (CZR) second-quarter loss narrowed
as the casino operator recorded a benefit from extinguishing debt,
though revenue was roughly flat.
Community Health Systems Inc.'s (CYH) second-quarter earnings
fell 64% as the rural hospital operator was hurt by lower
admissions, higher-than-expected bad debt and an increasing portion
of its patients with less lucrative health coverage.
Express Scripts Holding Co. (ESRX) second-quarter earnings
soared on lower costs as the pharmacy-benefits manager also
announced that its Chief Financial Officer Jeff Hall will step
down.
General Growth Properties Inc. (GGP) swung to a second-quarter
profit on a gain tied to investment properties and as charges
weighed on the bottom line last year, while funds from operations
grew ahead of the company's expectations.
Hartford Financial Services Group Inc.'s (HIG) second-quarter
loss widened as the insurer was hit by a $421 million loss related
to its international variable annuity hedging programs and other
items.
HCA Holdings Inc. (HCA) has named R. Milton Johnson as its next
chief executive, succeeding Richard Bracken who will retire from
the CEO role at the end of the year.
Standard & Poor's Ratings Services has raised its outlook on
Kraft Foods Group Inc.'s (KRFT) ratings to stable, a rosier view
pegged to an expectation the food company will improve its
leverage.
Manitowoc Co.'s (MTW) second-quarter profit jumped 27% as the
equipment manufacturer reported higher sales for the company's
cranes and food service equipment businesses.
Building-products manufacturer Masco Corp. (MAS) swung to a
second-quarter profit as revenue strengthened amid an increase in
new home construction in North America and as a litigation
settlement charge weighed on year-earlier results. Results topped
analyst expectations.
Northeast Utilities' (NU) second-quarter profit more than
tripled as the company's prior-year results were stung by
acquisition charges, while higher retail electric sales and lower
expenses also bolstered the bottom line.
Office supply companies Office Depot Inc. (ODP) and OfficeMax
Inc. (OMX) provided an update on their planned merger, including
naming a new co-leader of the integration process and reaffirming
expectations of recognizing up to $600 million in savings by
joining forces.
PartnerRe Ltd. (PRE) swung to a loss in the second quarter as
the reinsurer posted catastrophe losses and restructuring
charges.
Plum Creek Timber Co.'s (PCL) second-quarter earnings rose 28%
the timber real-estate investment trust reported increased
operating income across its businesses, as demand and pricing also
improved.
R.R. Donnelley & Sons Co.'s (RRD) second-quarter profit fell
26% as the printing company recorded sharply higher income tax
expenses, masking higher revenue.
U.S. Steel Corp. (X) swung to a second-quarter loss as the
company recorded weaker bottom-line results in its flat-rolled,
European and tubular segments.
XL Group PLC's (XL) second-quarter profit rose 23% as the
property-and-casualty insurer recorded higher gains on investments,
offsetting greater catastrophe losses.
Write to Nathalie Tadena at nathalie.tadena@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires