Among the companies with shares expected to actively trade in
Wednesday's session are Bank of America Corp. (BAC), Zagg Inc.
(ZAGG) and Mattel Inc. (MAT).
Bank of America's second-quarter profit jumped 63%, beating
analyst estimates, as the banking giant's results were boosted by
strong income from its global markets arm and improved credit
quality, although it was hit by greater losses in its mortgage
banking unit. Shares rose 1% to $14.06 premarket.
Mobile-device accessory maker Zagg slashed its full-year sales
target for the second time this year, saying demand has been
dampened by a lack of major device launches and
slower-than-expected retail-distribution expansion. Shares slumped
14% to $5.03 in premarket trading.
Mattel's second-quarter earnings fell 24%, partly due to
asset-impairment charges, while the toy maker's sales declined in
two of its three segments. Shares fell 7.1% to $43.02 premarket as
the company reported downbeat sales, including a 12% slump for
Barbie as that line's performance continues to worsen after a meek
2012.
Drug developer Verastem Inc. (VSTM) plans to offer shares, but
said the amount and timing are subject to market conditions. Shares
dropped 10% premarket to $15.21.
CSX Corp.'s (CSX) second-quarter earnings rose 4.5% as the
railroad company's increase in merchandise and intermodal shipments
more than offset lower coal volume. Shares climbed 1.4% to $24.98
premarket as results beat analyst expectations.
Textron Inc.'s (TXT) second-quarter earnings fell 34% as the
aircraft, defense and industrial company delivered far fewer Cessna
jets. Shares fell 4.1% to $26.60 premarket as revenue missed Wall
Street expectations.
Biopharmaceutical company Regulus Therapeutics Inc. (RGLS) said
its offering of 4.5 million shares priced at $9.50 a share, roughly
an 11% discount to Tuesday's close. The company had 36 million
shares outstanding as of May 10. Shares fell 7.4% to $9.90
premarket.
Superior Energy Services Inc. (SPN) projected second-quarter
earnings below analysts expectations as the oil-field services
company was hit by downtime associated with the repositioning of
some pressure-pumping equipment to other energy basins, flooding in
North Dakota and delays in Mexico. Shares fell 3.4% to $26.09
premarket.
Watchlist:
Chevron Corp. (CVX) agreed to fund most of a $1.5 billion joint
venture with Argentina's state-run energy company YPF SA (YPF,
YPFD.BA), to develop the South American country's vast shale oil
and gas deposits.
EQT Midstream Partners LP (EQM) said its upsized offering of 11
million units priced at a slight discount to its Tuesday closing
price. The limited partnership, which was formed by EQT Corp. (EQT)
to own and operate midstream assets in the Appalachian basin, said
the units priced at $43.50 a piece, a 0.2% discount to its closing
price.
Flow International Corp. (FLOW) said its evaluation of strategic
alternatives, which includes a potential sale of the company,
remains ongoing and it has entered into confidentiality agreements
with a number of interested parties. The industrial water-jet
machine manufacturer also said it is postponing the filing of its
annual report, noting it needs more time for the preparation of
financial statements and audit procedures, primarily related to its
Brazilian operations.
Healthcare Services Group Inc.'s (HCSG) second-quarter earnings
rose 14% as revenue improved and its operating margins
strengthened.
Interactive Brokers Group Inc.'s (IBKR) second-quarter earnings
jumped 29% as the company's electronic brokerage reported gains
from new customers and more trading activity. However, results fell
short of Wall Street expectations.
U.S. financial regulators on Tuesday moved insurer MetLife Inc.
(MET) one step closer to being deemed "systemically important" and
subjecting it to tougher government oversight, a move immediately
criticized by Chief Executive Steven Kandarian.
Packaging Corp. of America's (PKG) second-quarter profit rose
43% as the box maker was helped by higher prices and increased
shipments of corrugated products.
Realogy Holdings Corp. (RLGY) said it expects its second-quarter
earnings and revenue to exceed expectations, as the real-estate
services firm is helped by a recovery in the U.S. housing
market.
Resources Connection Inc.'s (RECN) fiscal fourth-quarter
earnings fell 40% as the outsourcing and advisory company posted
weaker revenue for the fifth straight quarter and margins
weakened.
United Rentals Inc. (URI) swung to a second-quarter profit as
the equipment-rental company's revenue climbed and the company
posted fewer charges related to its RSC Holdings Inc. acquisition
and other items.
Yahoo Inc.'s (YHOO) second-quarter profit grew 46% as the
Internet pioneer continued its effort to turn around its struggling
ad business, aided in the latest period by significant cost
cutting. Earnings topped Wall Street expectations, but the company
delivered disappointing revenue.
Write to Anna Prior at anna.prior@dowjones.com
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