Among the companies with shares expected to actively trade in
Friday's session are TripAdvisor Inc. (TRIP), Starbucks Corp.
(SBUX) and LinkedIn Corp. (LNKD).
TripAdvisor's third-quarter earnings rose 9.3% as the
hotel-reviews site reported broad-based revenue growth. Shares
jumped 19% to $35.10 premarket as results topped analyst
expectations.
Starbucks said its profit edged up in the latest quarter,
beating estimates, as it took promotional measures to draw in
customers. Shares were up 8.7% to $50.60 premarket.
LinkedIn swung to a profit and posted an 81% jump in revenue for
the third quarter, underscoring how the professional social
network's growth is continuing even as other newly public Internet
companies struggle. Shares rose 8.1% to $115.52 premarket after the
company's results beat estimates and raised its full-year revenue
guidance.
Active Network Inc.'s (ACTV) third-quarter loss widened as the
technology and media company recorded growing expenses. Shares
slumped 30% in premarket trading to $6.50 as the company said it
expects to incur net losses in the current quarter, in the full
year, and in 2013.
Priceline.com Inc. (PCLN) third-quarter earnings rose 27% as a
slowdown in Europe hotel business wasn't as bad as the online
travel agent had feared. Shares climbed 11% to $649.03
premarket.
Following UK-based drug maker GlaxoSmithKline Plc's (GSK,
GSK.LN) third-quarter update, Barclays cut its price target to
1510p from 1545p, saying continued negative surprise in the
still-important and troubled European business has grabbed more
investor attention than growth potential elsewhere. American
depositary shares fell 3.2% to $43.42 premarket.
First Solar Inc.'s (FSLR) third-quarter earnings fell 55% amid
restructuring charges as the solar-panel maker's revenue declined
on project-specific impacts. Shares were down 6.5% at $23.15
premarket as revenue missed analyst estimates.
Guess Inc. (GES) said two senior executives, including its chief
financial officer, are leaving the company to pursue other
interests. Jefferies downgraded the stock to hold from buy, saying
in a note to clients that "clearly (the) management departure
announcements are significant, leadership is in flux, the brand is
under pressure in the U.S., and international risks remain." Shares
dropped 10% in premarket trading to $23.25.
Prospect Capital Corp. (PSEC) is offering 35 million shares as
the investment company seeks to repay its debt or invest in
short-term debt instruments. It recently had around 174.5 million
shares outstanding. Shares fell 8% to $10.97 in premarket
trading.
Glu Mobile Inc.'s (GLUU) third-quarter loss narrowed as the
mobile game maker's smartphone and "freemium" revenues improved.
However, shares fell 17% to $2.70 premarket as the company offered
downbeat guidance for the current quarter.
Vertex Pharmaceuticals Inc. (VRTX) shares slip 7.3% to $46.80
premarket after the company reported weaker-than-expected
third-quarter results. Citing the results and the recent NACFC
conference, Goldman Sachs lowered its rating on the stock to sell
from neutral. The investment bank said in a note to clients that it
has a more cautious outlook on the company's key pipeline program
and see a limited number of catalysts heading into 2013.
Watchlist:
AES Corp. (AES) said it will consolidate its operations under
one chief operating officer as the power and utilities company
continues to cut costs. AES also disclosed an impairment charge of
up to $2 billion related to its acquisition last year of DPL
Inc.
AptarGroup Inc. (ATR) third-quarter profit fell 15% as the
dispenser maker unveiled a plan to streamline its operations in
Europe.
Arch Capital Group Ltd.'s (ACGL) third-quarter earnings jumped
12% as the insurance and reinsurance company's net premiums written
increased. Results topped analyst expectations.
Atmel Corp.'s (ATML) third-quarter earnings slumped 81% as the
chip maker recorded lower revenue, although the year-earlier period
had included a gain from the sale of its former corporate
headquarters.
Blucora Inc. (BCOR) swung to a third-quarter loss as sharply
higher input costs wiped away a substantial rise in revenue.
Brookdale Senior Living Inc.'s (BKD) third-quarter loss widened
as the retirement-home operator's increased expenses outpaced
revenue growth.
Chesapeake Energy Corp. (CHK) swung to a third-quarter loss as
the natural gas producer recorded a massive write-down on
properties, and revenue declined.
DDR Corp. (DDR) swung to a third-quarter profit as the
real-estate investment trust benefited from new leases and renewals
and slightly higher rents.
Third-quarter earnings for DreamWorks Animation SKG Inc. (DWA)
climbed significantly over the same period last year, thanks
largely to the strong international performance of "Madagascar 3:
Europe's Most Wanted."
Dresser-Rand Group Inc.'s (DRC) third-quarter earnings rose 2.2%
as the equipment maker benefited from lower input costs, though
revenue also decreased.
Edison International's (EIX) third-quarter earnings slid 51%
amid losses at the utility company's wholesale power-generation
unit and rising costs at the troubled San Onofre nuclear power
plant.
Eloqua Inc. (ELOQ) is launching an offering of six million
shares by selling stockholders. Eloqua, a marketing-software
provider, recently had around 34 million shares outstanding.
Federal Realty Investment Trust's (FRT) third-quarter earnings
fell 18% from a year-earlier period that had included a gain from
the sale of real estate, while revenue increased.
Fluor Corp.'s (FLR) third-quarter earnings rose 6.8% as the
engineering and construction company recorded higher revenue at
four of its five business segments.
Hartford Financial Services Group Inc.'s (HIG) third-quarter
profit soared as the insurer benefited from a lack of natural
disasters.
HollyFrontier Corp. (HFC) on Thursday raised its quarterly
dividend 33% and also unveiled an additional special payout of 50
cents per share, the refiner's latest moves to reward
investors.
Home Properties Inc.'s (HME) third-quarter earnings surged as
the apartment real-estate investment trust posted $19.7 million in
asset-sale gains along with double-digit revenue growth.
Las Vegas Sands Corp.'s (LVS) third-quarter profit fell 18% as
the casino operator reported higher operating expenses, masking
growing revenue from its Macau and Las Vegas operations.
Lincoln National Corp.'s (LNC) third-quarter earnings more than
doubled in comparison with last year, when a steep realized loss
weighed on the life-insurance and annuity company's results. Its
revenue also improved in the latest period.
Chemical maker LyondellBasell Industries N.V. (LYB) said selling
shareholders affiliated with Apollo Management Holdings L.P. are
offering 20 million shares. LyondellBasell recently had around
575.2 million shares outstanding.
Mohawk Industries Inc. (MHK) third-quarter earnings rose 51% as
the carpeting-and-flooring company reported sales growth, driven by
its Dal-Tile ceramic business, as well as improved margins.
Newmont Mining Corp.'s (NEM) third-quarter earnings slipped 26%
as the gold mining company's output for gold and copper fell and
expenses increased. Results missed analyst expectations.
Pitney Bowes Inc.'s (PBI) third-quarter profit fell 56% as the
mail and document services company reported sales fell more than
analysts had expected.
RenaissanceRe Holdings Ltd.'s (RNR) third-quarter earnings more
than tripled as the insurer recorded significant investment income,
compared with investment losses the year earlier.
Republic Services Inc. (RSG) third-quarter earnings fell 21% as
the company reported revenue declines as lower volume and other
impacts offset the benefit of higher core prices.
Rock-Tenn Co.'s (RKT) fiscal fourth-quarter profit slipped 1.9%
as the paper-and-packaging company's revenue and production
weakened.
Rovi Corp. (ROVI) swung to a third-quarter loss as the
entertainment data and technology company said its revenue from
consumer electronics customers weakened. However, adjusted profits
easily topped analyst expectations.
Southwestern Energy Co. (SWN) swung to a third-quarter loss on
large impairment charges to its natural gas and oil properties due
to lower natural gas prices, although results beat Wall Street
expectations.
SunPower Corp.'s (SPWR) third-quarter loss narrowed as the
U.S.-based solar panel maker recorded fewer impairment charges,
though revenue weakened.
Apartment real-estate investment trust UDR Inc. (UDR) said
Hurricane Sandy appears at this time to have inflicted minimal
damage on the company's Mid-Atlantic portfolio, though some New
York City properties were hit.
Vornado Realty Trust's (VNO) third-quarter profit surged as the
commercial-property owner reported fewer losses on investments, and
improving core results.
WebMD Health Corp. (WBMD) swung to a modest third-quarter loss
as the health-information provider's public portal advertising and
sponsorship revenue dropped 15%.
Yelp Inc. (YELP) said Thursday its quarterly loss narrowed even
as the fast-growing online local listings service embarks on an
ambitious overseas expansion.
Write to Anna Prior at anna.prior@dowjones.com
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