Among the companies with shares expected to actively trade in
Friday's session are Facebook Inc. (FB), Starbucks Corp. (SBUX) and
AuthenTec Inc. (AUTH).
Facebook Inc. (FB) posted a second-quarter loss--due largely to
heavy employee-compensation costs and other rising expenses--and
offered little insight into its progress in making money through
mobile devices. Shares slumped 13% to $23.41 in premarket
trading.
Starbucks Corp.'s (SBUX) fiscal third-quarter earnings rose 19%,
but the coffee giant said it saw slowing same-store sales growth in
June and lowered its earnings guidance going forward. Earnings
missed the company's own and analysts' estimates, marking the first
time since the quarter ended December 2008 that Starbucks has
fallen short of analysts' expectations. Shares fell 10% to $47.10
premarket. Shares of competitor Caribou Coffee Co. Inc. (CBOU) also
fell 6.4% to $11.20.
IT-security firm AuthenTec Inc. (AUTH) shares surged premarket
on news that Apple Inc. (AAPL) has agreed to buy the fingerprint
authentication sensor maker for about $350 million. AuthenTec
holders will receive $8 a share in cash, a 58% premium over
Thursday's close. Shares are up 61% to $8.15.
Expedia Inc.'s (EXPE) robust hotel revenue growth offset
pressure from continued heavy technology spending, keeping the
second quarter's profit decline unexpectedly shallow. Since online
travel agencies have posted mixed results, the better-than-expected
results from Expedia were welcome news for investors uncertain
about how the industry is faring. Shares jumped 16% to $53.00 in
premarket trading, with shares of competitor Priceline.com Inc.
(PCLN) also up 2.2% to $642.32.
Better-than-feared second-quarter results at Arch Coal Inc.
(ACI) gave the coal company a boost premarket, with shares up 12%
to $5.90. Despite logging $624 million of write-downs and cutting
its 2012 sales forecast, Arch Coal anticipates second-half volumes
to be "slightly higher" overall. Also, CFO John Drexler notes the
company now has no debt maturing for four years, giving the company
financial flexibility to deal with a prolonged and sustained
downturn.
Although Coinstar Inc.'s (CSTR) second-quarter earnings jumped
38% as the company again saw growth in its Redbox DVD-rental
business results, shares fell 14% to $50.95 premarket as revenue
grew less than analysts expected.
Deckers Outdoor Corp.'s (DECK) second-quarter loss widened as
the footwear maker's expenses continued to offset sales gains. But
the company's earnings and revenue, helped by an acquisition, beat
Wall Street estimates, and shares jumped 14% to $47.87 in premarket
trading.
Shares of OCZ Technology Group Inc. (OCZ) surged 19% to $6.50
Friday amid media reports that Seagate Technology Inc. (STX) is
weighing an acquisition of the data-storage company.
Representatives for both companies were not immediately available
for comment.
Green Dot Corp.'s (GDOT) second-quarter earnings slipped 1.5% as
the provider of prepaid financial services' margins weakened.
Shares dropped 46% to $12.71 premarket as results missed analyst
expectations and as the company also lowered its full-year outlook,
citing a greater level of uncertainty in the prepaid market.
Netgear Inc.'s (NTGR) second-quarter earnings rose 4.5% as the
networking company's revenue improved, though adjusted profits
missed analyst expectations. Shares declined 17% to $29.00 in
premarket trading as the company also offered a downbeat outlook
for the current quarter.
Amgen Inc.'s (AMGN) second-quarter earnings rose 8.2% as weaker
sales of the biopharmaceutical company's anemia drugs were offset
by growth of other treatments. Shares rose 3.4% to $82.00
premarket.
Acme Packet Inc. (APKT) swung to a slight loss in its
second-quarter as the data-delivery company's revenue and margins
weakened. Shares slid 16% to $13.53 premarket as the company
sharply lowered its full-year guidance.
Watchlist:
Amarin Corp. PLC (AMRN) said the U.S. Food and Drug
Administration has approved its Vascepa fish-oil heart pill for
patients with high triglycerides, but it is still awaiting a
decision on whether the capsules will be granted new chemical
entity status that would give the drug a five-year period of
exclusivity.
AptarGroup Inc.'s (ATR) second-quarter earnings fell 19% as the
dispenser maker was hurt by a recent acquisition and saw sales
slide in its beauty-and-home business, its biggest segment. It
predicted third-quarter earnings below analyst expectations.
Blucora Inc. (BCOR) swung to a second-quarter profit--and
forecast strong growth in the current quarter--as the company's web
search business saw substantial improvement and its year-ago period
was weighed down by the sale of an underperforming business.
CA Inc.'s (CA) fiscal first-quarter earnings edged down 0.4%
after the business-computing company sold less new software than
expected, prompting CA to scale back revenue goals for the rest of
its fiscal year.
Cerner Corp.'s (CERN) second-quarter earnings rose a
better-than-expected 36% as the hospital-information technology
vendor saw revenue jump in both its main segments, led by system
sales. However, the company predicted mostly downbeat third-quarter
results.
Clearwire Corp.'s (CLWR) second-quarter loss narrowed as the
wireless-data company continues its talks for a network partnership
or possible asset sales.
Chubb Corp.'s (CB) second-quarter profit fell 3.6% as the
property-and-casualty insurer reported heavy catastrophe losses
from U.S. storms and lower investment income.
Fortune Brands Home & Security Inc.'s (FBHS) second-quarter
profit climbed 9.4% as the company saw revenue growth, particularly
in its plumbing and accessories segment.
Gilead Sciences Inc.'s (GILD) second-quarter earnings slid 4.6%
as the biopharmaceutical company reported a double-digit rise in
costs that offset strong revenue growth.
Global Payments Inc.'s (GPN) fiscal fourth-quarter earnings sank
91% as the payment-processing company booked an $84.4 million
charge related to a security breach, though it reported
better-than-expected adjusted earnings and revenue.
Hancock Holding Co.'s (HBHC) second-quarter earnings soared as
the regional lender's net interest income increased.
HealthSouth Corp.'s (HLS) second-quarter earnings more than
doubled amid improved revenue and year-earlier charges related to
debt extinguishment. It raised its full-year earnings view.
Ingram Micro Inc.'s (IM) second-quarter earnings improved a
better-than-expected 2.6% as the computer-equipment distributor and
supply-chain-logistics company saw the strong sales growth in Latin
America and the Asia-Pacific region outpace the continued weakness
in Europe.
KLA-Tencor Corp.'s (KLAC) fiscal fourth-quarter earnings edged
up 1.2% as the company saw a lower provision for income taxes that
offset higher costs and flat revenue.
Leggett & Platt Inc.'s (LEG) second-quarter earnings rose a
better-than-expected 19% after the diversified manufacturer saw
expenses shrink as the company appeared to benefit from
restructuring efforts, though revenue edged down.
McKesson Corp.'s (MCK) fiscal first-quarter earnings rose 33% on
improved sales and a boost from a $51 million aftertax gain related
to the drug wholesaler's acquisition of the remaining 50% ownership
interest in its headquarters building.
Montpelier Re Holdings Ltd.'s (MRH) second-quarter profit surged
as the reinsurer reported growth in premiums and fewer underwriting
expenses.
Newmont Mining Corp.'s (NEM) second-quarter earnings fell 28% as
the gold mining company reported lower gold and copper output, and
lowered its full-year production view.
Principal Financial Group Inc.'s (PFG) second-quarter profit
fell 20% as the asset manager and insurer recorded capital losses
on mortgages and mortgage-backed securities.
Power-One Inc.'s (PWER) second-quarter earnings rose a
better-than-expected 47% as the renewable energy products company's
revenue growth easily surpassed its own estimates. The company also
offered upbeat guidance for the current quarter.
Reinsurance Group of America Inc.'s (RGA) second-quarter profit
rose 14% as the life reinsurer continued to see rising revenue from
premiums, though claims costs also increased.
Republic Services Inc.'s (RSG) second-quarter profit more than
tripled as the trash hauler recorded a lower provision for income
taxes and also smaller debt-related losses from a year ago.
Taubman Centers Inc.'s (TCO) second-quarter earnings jumped 55%
as the luxury-mall owner continued to see rents and occupancy
strengthen. The company again raised its full-year guidance.
Universal Health Services Inc.'s (UHS) second-quarter earnings
rose 3.8% as the company continued to benefit from its
behavioral-health hospitals' contributions, though it saw weakness
in its acute-care facilities. The company lowered its adjusted
earnings guidance for the year, citing the sluggish recovery.
VCA Antech Inc.'s (WOOF) second-quarter earnings fell 13% as the
animal hospital operator booked higher expenses in its core
business, pressuring its profit margins. The company expects
full-year results to be closer to the bottom end of its issued
guidance.
Write to Anna Prior at anna.prior@dowjones.com
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