Among the companies with shares expected to actively trade in
Thursday's session are J.C. Penney Co. (JCP), Trulia Inc. (TRLA)
and Yelp Inc. (YELP).
J.C. Penney said commercial lender CIT Group Inc. (CIT)
continues to factor and support deliveries from the retailer's
suppliers, in contrast to recent reports alleging CIT has stopped
supporting some future shipments. J.C. Penney shares rose 6.4% to
$15.53 premarket, regaining ground lost Wednesday when the New York
Post reported CIT "abruptly stopped supporting deliveries from
smaller [apparel] manufacturers to Penney stores."
Trulia's second-quarter loss narrowed as the online
real-estate-listing service posted revenue growth that beat its own
expectations as well as an increase in subscriber rolls. Shares
climbed 13% to $42.25 premarket as Trulia's adjusted earnings beat
Wall Street expectations and as the company offered upbeat revenue
guidance for the current quarter.
Yelp's second-quarter loss narrowed as the local listings
website booked stronger-than-expected revenue growth. Shares
climbed 14% to $47.65 premarket as bottom-line results beat analyst
expectations and as the company offered upbeat third-quarter sales
guidance and raised its full-year revenue targets.
DreamWorks Animation SKG Inc.'s (DWA) second-quarter profit rose
74%, as the computer-animation studio's revenue and margin
increased. Shares were up 6% to $26.25 premarket as results beat
expectations.
Ruckus Wireless Inc.'s (RKUS) second-quarter profit plummeted
absent a tax-related gain, though the Wi-Fi networking company's
revenue improved. Shares jumped 14% premarket to $15.11 as results
exceeded analyst expectations.
Affymetrix Inc. (AFFX) swung to a second-quarter loss absent a
year-ago tax gain, but the provider of gene analysis posted strong
revenue growth. Shares rose 13% to $4.30 premarket as results
surpassed analyst expectations.
Entropic Communications Inc. (ENTR) swung to a second-quarter
loss as the chip maker recorded weaker revenue and a
valuation-allowance charge. Shares tumbled 16% to $3.71 premarket
as the company offered current-quarter guidance below analyst
expectations, noting it has experienced a number of unexpected
challenges in the past few weeks including short-term weakness in
business from its largest end-customer DirecTV (DTV).
Marriott International Inc.'s (MAR) second-quarter profit
increased 25% as the hotel industry bellwether recorded improved
revenue per available room and higher average daily rates. However,
shares slipped 2% to $40.74 premarket as the company offered
third-quarter earnings guidance below analyst expectations and also
lowered its full-year earnings view.
Flash-memory maker SanDisk Corp. (SNDK) initiated a quarterly
dividend and authorized $2.5 billion in additional stock
repurchases, moves intended to boost shareholder returns. Shares
climbed 5.2% to $58.00 premarket.
Halozyme Therapeutics Inc. (HALO) said that following
discussions with the Center for Biologics Evaluation and Research
division of the U.S. Food and Drug Administration, ViroPharma will
be discontinuing their Phase 2 study of subcutaneous Cinryze with
recombinant human hyaluronidase. Shares fell 16% to $7.15
premarket.
Sequenom Inc. (SQNM) and CombiMatrix Corp. (CBMX) said that the
companies have entered into a collaboration agreement to market
chromosomal microarray analysis testing services to broaden and
confirm the results of noninvasive, prenatal testing to physicians
and their patients. Sequenom shares rose 1.7% to $3.06 premarket,
while CombiMatrix share added 17% to $3.80.
Watchlist:
Allstate Corp.'s (ALL) second-quarter profit rose 2.6% as the
insurance company was helped by lower claims costs from natural
disasters.
AZZ Inc. (AZZ) named Kevern Joyce as its new chairman, replacing
H. Kirk Downey, who will remain on the board.
Bloomin' Brands Inc.'s (BLMN) second-quarter earnings surged as
the restaurant operator was helped by a tax adjustment and new
restaurant openings.
Boston Beer Co.'s (SAM) second-quarter net climbed 37% as the
Samuel Adams brewer's shipments jumped higher, offsetting an
increase in ad and promotional spending. Results for the quarter
easily topped Wall Street's expectations, and the brewer raised its
full-year profit outlook.
Organic chemicals and specialty materials maker Cabot Corp.'s
(CBT) fiscal third-quarter earnings fell 11% as higher costs masked
growth in revenue.
CBS Corp.'s (CBS, CBSA) second-quarter profit rose 11% as
digital streaming and higher fees from pay TV operators helped
boost revenue.
DDR Corp.'s (DDR) second-quarter loss narrowed as the shopping
center landlord's operating funds from operations improved on new
leases and improved occupancy.
Essex Property Trust Inc.'s (ESS) second-quarter earnings fell
33% as a gain related to the remeasurement of the company's
investment in a joint venture had boosted year-earlier results,
though funds from operations improved in the latest period.
Fannie Mae (FNMA) said serious delinquencies on single-family
mortgages in its portfolio fell in June as the housing market
continued to recover.
Hasbro Inc. (HAS) has inked an agreement with DreamWorks
Animation SKG Inc. (DWA) to create a line of toys and games for two
of the computer-animation studio's coming films, a move to
piggyback on even more of Hollywood's movies.
Hornbeck Offshore Services Inc.'s (HOS) second-quarter profit
nearly doubled as the company reported stronger results from its
upstream business. Results beat analyst expectations.
Lam Research Corp.'s (LRCX) fiscal fourth-quarter earnings
soared as the semiconductor-equipment company's revenue climbed and
margins strengthened. The company projected first-quarter earnings
below expectations.
Lincoln National Corp.'s (LNC) second-quarter net slid 1.2% as
$33 million in realized losses hurt the bottom line, which would
have risen on an adjusted basis as operating revenue grew.
LyondellBasell Industries N.V. (LYB) disclosed plans to sell
shares of their common stock.
Moody's Investors Services lifted Marathon Oil Corp.'s (MRO)
rating one notch, saying the company is poised to experience
production growth in its U.S. oil plays.
MDU Resources Group Inc.'s (MDU) second-quarter profit fell 14%
as the company reported an impairment on natural gas prices, even
as it benefited from increased oil production and higher earnings
at its construction business.
MetLife Inc.'s second-quarter profit fell 78% as the company
booked net derivative losses partly due to a rise in interest
rates, though operating earnings and revenue improved.
Murphy Oil Corp.'s (MUR) second-quarter profit jumped 36% as the
oil and gas producer recorded an asset sale gain and as North
America oil sales volume increased from a year ago.
Pilgrim's Pride Corp.'s (PPC) second-quarter profit more than
doubled as the poultry processor posted a strong sales gain and
stronger margins. Earnings surpassed analyst expectations.
Pioneer Natural Resources Co. (PXD) swung to second-quarter
profit as the exploration-and-production company benefited from
asset-sale gains and positive derivatives impacts, as well as
higher oil and natural-gas prices.
Questar Corp.'s (STR) second-quarter profit edged up 0.5% as the
natural-gas company's revenue growth was roughly matched by higher
expenses, while its spinoff, QEP Resources Inc. (QEP), swung to a
profit as oil and gas sales jumped.
Regency Centers Corp.'s (REG) second-quarter earnings soared
from a year earlier as an impairment charge weighed on the retail
landlord's year-earlier results, though a key profitability metric
slipped in the latest period.
Stamps.com Inc.'s (STMP) second-quarter earnings rose 45% as the
company recorded a double-digit revenue gain in its core PC postage
segment and as margins improved. Results topped analyst
expectations and the company lifted its full-year earnings
guidance.
SunPower Corp. (SPWR) swung to a second-quarter profit as the
solar panel maker's gross margins expanded and a sharp decline in
operating expenses helped bolster the bottom line.
Thoratec Corp.'s (THOR) shares rose as the medical-device maker
reported second-quarter results that topped Wall Street's
expectations, with profit for the period rising 11% as sales
increased.
Thor Industries Inc. (THO) agreed to sell its bus business to
Allied Specialty Vehicles for $100 million in cash, as the company
looks to focus on its core recreational-vehicle business.
WebMD Health Corp. (WBMD) swung to a second-quarter profit as
the health-information provider has seen a boost in demand for
advertising and sponsorship services, helping drive a jump in
revenue.
Whole Foods Market Inc.'s (WFM) fiscal third-quarter profit rose
21% as the high-end supermarket chain reported sales growth that
was weaker than expected.
Williams Cos.'s (WMB) second-quarter earnings rose 7.6% as
affiliate Williams Partners LP's (WPZ) second-quarter earnings grew
5.3% on stronger revenue, improved olefin and marketing margins and
lower expenses.
Yamana Gold Inc. (AUY, YRI.T) swung to a second-quarter loss as
weaker metals prices and revenue hurt the Canada-based gold-mining
company's results.
Write to Anna Prior at anna.prior@wsj.com
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