Among the companies with shares expected to actively trade in
Friday's session are Pandora Media Inc. (P), Smith & Wesson
Holding Corp. (SWHC) and Audience Inc. (ADNC).
Apple Inc. (AAPL) is in talks to license music for a
custom-radio service similar to the popular one operated by
Pandora, people familiar with the matter have told the Wall Street
Journal. Several online music services have recently added
Pandora-like custom radio features, yet Apple's outsized presence
in online-music sales and massive installed base of MP3 players and
other devices could make it a much more serious threat. Pandora
shares tumbled 14% to $10.80 in premarket trade. Apple shares were
fractionally higher at $677.77.
Smith & Wesson's fiscal first-quarter profit jumped more
than expected as the gun maker kept posting stronger firearm sales.
The company also boosted its full-year guidance, sending shares up
21% to $10.89 in premarket trade.
Mobile-audio technology firm Audience said Apple is unlikely to
use its processor intellectual property in its next-generation
smartphone. Shares sank 60% to $7.56 premarket.
Ulta Salon Cosmetics & Fragrance Inc.'s (ULTA) fiscal
second-quarter earnings rose 46%, as the beauty-products retailer
benefited from its continued expansion and strong same-store sales.
Shares jumped 8.8% to $103.61 premarket as results beat the
company's expectations.
Cooper Cos.'s (COO) fiscal third-quarter earnings rose 51%,
helped by continued growth in the company's contact-lens business.
Shares were up 7.5% at $92.50 premarket as adjusted earnings and
revenue topped expectations and the company boosted its fiscal-year
guidance.
Colony Financial Inc. (CLNY) plans to offer six million shares
to raise funds to pay down debt, among other purposes. Shares of
the real-estate finance and investment company were off 1.8% to $19
premarket.
Resource Capital Corp. (RSO) is offering 8.5 million shares as
the real-estate investment trust looks to raise funds for
general-corporate purposes. Shares were down 3.6% to $5.88
premarket.
Watchlist:
American International Group Inc. (AIG) has raised around $2
billion from the sale of shares of insurance company AIA Group Ltd.
(AAGIY, 1299.HK) in a placement, as the company plans to further
reduce its debt to the U.S. government.
Accuray Inc.'s (ARAY) fiscal fourth-quarter loss narrowed as an
acquisition boosted sales, though heavy expenses kept the firm in
the red. Earnings missed Wall Street expectations.
Email marketing firm ExactTarget Inc. (ET) said certain
shareholders plan to sell 6.5 million shares of common stock.
EMC Corp. (EMC) Chief Executive Joseph M. Tucci will remain at
the company until at least Feb. 15, and is expected to transfer the
job to a successor before then, according to a Thursday regulatory
filing.
Fidus Investment Corp. (FDUS) said it has commenced an offering
of common stock but didn't say how many shares it is offering.
Infoblox Inc.'s (BLOX) fiscal fourth-quarter loss widened as the
network and data-center technology company's operating expenses
increased, masking revenue growth. The company also forecast
earnings for its new fiscal year that were below analyst
expectations.
Intel Corp. (INTC) said its third-quarter revenue will be lower
than previously expected, citing weaker-than-expected demand in a
challenging macroeconomic environment.
Kraft Foods Inc. (KFT) late Thursday laid out the initial
outlook for its snacks business Mondelez International, whose first
year as a standalone company will be marked by a weak gum category
offsetting stronger sales of chocolate and biscuits, as well as a
severe hit from unfavorable foreign exchange rates.
Moody's Investors Service raised its rating on Lions Gate
Entertainment Corp. (LGF) by one notch, pointing to the success of
the media company's "The Hunger Games" film.
Nabi Biopharmaceuticals (NABI) has entered into "advanced
discussions" with flu-drug developer Biota Holdings Ltd. (BTA.AU)
to name Russell H. Plumb as chief executive of the combined company
after a planned merger.
Activist investor Alexander Roepers' Atlantic Investment
Management Inc. raised its stake in Owens-Illinois Inc. (OI) and
said it will continue its active discussions with the bottle
maker's management on actions to increase shareholder value,
according to a filing with the Securities and Exchange
Commission.
Quiksilver Inc.'s (ZQK) fiscal third-quarter earnings rose a
better-than-expected 21% as the sports outfitter reported stronger
U.S. revenue and lower tax provisions, though gross margin and
sales in Europe lagged.
SunTrust Banks Inc. (STI) is taking a series of actions aimed at
strengthening its capital ratios and improving its risk profile, in
moves the bank said would boost its third-quarter income.
U.S. Home Systems Inc. (USHS) said its go-shop period has ended,
paving the way for Home Depot Inc. (HD) to move forward with its
planned acquisition of the supplier of kitchen, bath and storage
products.
Vocera Communications Inc.'s (VCRA) upsized public offering of
4.83 million shares priced at a 0.5% discount to Thursday's
close.
Zillow Inc. (Z) said an upsized offering of four million of its
Class A shares priced at a 1.1% discount to the real-estate
information provider's closing price.
Write to Mia Lamar at mia.lamar@dowjones.com
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