Among the companies with shares expected to actively trade in
Wednesday's session are Express Inc. (EXPR), Michaels Cos. (MIK)
and Smith & Wesson Holding Corp. (SWHC).
Brown Shoe Co. (BWS) said its fiscal second-quarter profit rose
18% as its wholesale business and Famous Footwear chain reported
higher sales. The company's per-share earnings outpaced market
expectations, leading Brown Shoe to raise its outlook for the year.
Shares edged up 1.4% to $31.80 premarket.
Chico's FAS Inc. (CHS) said its fiscal second-quarter profit
fell 31% as price cuts to unload seasonal merchandise squeezed
margins. Shares slipped 5.4% to $15.15 in recent premarket trading
as its results missed analysts' expectations.
Donaldson Co. (DCI) said its fiscal fourth-quarter profit and
sales rose, topping analysts' views, while the filtration-systems
maker said it expected improvement in the coming fiscal year.
Shares rose 5.7% to $43 in light premarket trading.
Express said its fiscal second-quarter earnings tumbled 59% as
the specialty retail apparel chain reported a modest decline in
sales and higher operating expenses. Results, however, outpaced
market expectations, and the company also lifted its outlook for
the year, pushing shares up 13% to $16.55 premarket.
Michaels said its fiscal second-quarter sales increased more
than expected in the arts-and-crafts retailer's first earnings
report since it went public again at the end of June. The company's
estimate for the year also exceeded analysts' views. Shares rose
10% to $16.70 premarket.
Smith & Wesson lowered its outlook for the year, pointing to
high inventories following an earlier surge in consumer buying.
Shares dropped 11% to $11.70 premarket, also dragging down peer
Sturm Ruger & Co. (RGR).
Tiffany & Co. (TIF) said its fiscal second-quarter profit
jumped 16% as the Americas and Asia-Pacific regions drove sales
higher. The high-end jewelry retailer also raised its earnings
outlook for the year. Shares edged up 3% to $103.75 premarket.
TiVo Inc. (TIVO) reported higher revenue in the second quarter
as the digital video recorder pioneer benefited from world-wide
growth and more customers. Shares slipped 1.7% to $13.76
premarket.
Watch List:
Analog Devices Inc.'s (ADI) fiscal third-quarter profit edged up
2% as the chip maker reported higher revenue, partially offset by
higher costs related to its recent acquisition of fellow chip maker
Hittite Microwave Corp.
Bob Evans Farms Inc. (BOBE) swung to a first-quarter loss, hurt
by lower sales. The food and restaurant operator also said, based
on preliminary election results, four nominees put forth by Sandell
Asset Management Corp. will join its board, one fewer than the
activist investor had said last week.
European regulators have approved a Bristol-Myers Squibb Inc.
(BMY) drug for use in hepatitis C combination treatments, the
company said Wednesday. The ruling by the European Commission
allows for the drug, Daklinza, to be marketed in all of the
European Union's member states.
Cooper Tire & Rubber Co. (CTB) unveiled the valuation of its
joint venture with Chengshan Group Company Ltd., marking a step
forward as the companies seek to resolve its future ownership.
Exxon Mobil Corp.'s (XOM) pipeline company has agreed to pay a
civil penalty of about $1.4 million to settle an alleged violation
of the Clean Water Act, the Department of Justice and Environmental
Protection Agency said Tuesday.
Medtronic Inc. (MDT) acquired NGC Medical S.p.A., in a deal that
values the privately-held Italian company at $350 million as
Medtronic seeks to expand its hospital managed services
offerings.
Write to Maria Armental at maria.armental@wsj.com
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