Among the companies with shares expected to actively trade in
Wednesday's session are Macy's Inc. (M), Deere & Co. (DE) and
Seaworld Entertainment Inc. (SEAS).
Macy's reported disappointing second-quarter results and reduced
its sales outlook for the year, adding more concern to an already
struggling retail sector. Shares fell 5% to $56.75 in premarket
trading.
Deere said a slowdown in the farm economy and lower equipment
sales dragged down its fiscal third-quarter profit by 15%, and
warned it will scale back production this year. Shares dropped 1.4%
to $85.30 premarket.
Seaworld slashed its revenue guidance for the year as the
theme-park operator reported underwhelming results and attendance
for the second quarter. Shares sank 27.5% to $20.40 premarket.
King Digital Entertainment PLC (KING) on Tuesday reported
weakness in its key "Candy Crush Saga" videogame, leading the
company to lower estimates for the coming year. Shares fell 23.1%
to $14 premarket.
Health Care REIT Inc. (HCN) agreed to acquire HealthLease
Properties Real Estate Investment Trust (HLP.UN.T) in a deal valued
at about $950 million. Shares were inactive premarket.
Rigel Pharmaceuticals Inc. (RIGL) said R348, its ophthalmic
JAK/SYK inhibitor, did not meet the primary or secondary endpoints
in a recently completed Phase 2 clinical study in patients with dry
eye disease. Shares lost 10% to $2.78 premarket.
Amazon.com Inc. (AMZN) launched a new mobile payment service for
local businesses to accept credit and debit transactions from a
smartphone or tablet. Shares gained 2.3% to $326.61 premarket.
Pinnacle Foods Inc. (PF) said its second-quarter sales rose 8.6%
as the company continues to benefit from its acquisition of
Wish-Bone brand salad dressings. Shares were up 1.3% to $31.35
premarket.
LiveDeal Inc. (LIVE) said its fiscal third-quarter revenue more
than tripled as a result of acquisitions and increased marketing
efforts. Shares jumped 28.6% to $4.95 premarket.
Cree Inc. (CREE), a maker of LED lighting and semiconductor
products, said Tuesday its fiscal fourth-quarter earnings rose 6%
as its lighting-products division posted a sharp revenue
increase.
Watchlist:
American Apparel Inc. (APP) said it won't meet the filing
deadline for second-quarter financial statements saying its new
board needs more time to review results. But the company provided
preliminary results that showed its quarter net loss fell to $15
million, or nine cents a share, from $37.5 million, or 34 cents a
share, a year earlier.
Fossil Group Inc.'s (FOSL) second-quarter earnings fell 22% on
higher operating expenses that offset the watch and accessory
retailer's revenue growth.
JDS Uniphase Corp. (JDSU) swung to a fiscal fourth-quarter loss,
although adjusted earnings increased.
La Quinta Holdings Inc.'s (LQ) second-quarter net loss rose
sharply due to a charge related to the hotel operator's recent tax
conversion. On a pro forma basis, La Quinta reported a profit of
$17.5 million, up nearly 13% from the year earlier period.
Myriad Genetics Inc. (MYGN) provided earnings guidance for its
recently started fiscal new year that missed analysts'
expectations, sending its shares lower as the maker of diagnostic
tests also reported that its fiscal-fourth-quarter earnings fell
24% on higher costs.
URS Corp.'s (URS) second-quarter earnings jumped 31% as the
company reported a continuation of the previous quarter's momentum,
with cash flow for the first half of the year almost three times
that of the year-ago period.
Tyson Foods Inc. (TSN) and Hillshire Brands Co. (HSH) said the
Justice Department's antitrust division has asked them to provide
additional information about Tyson's pending $7.7 billion purchase
of Hillshire. Tyson's tender offer for Hillshire shares has been
extended to Aug. 19.
Write to Tom Rojas at tom.rojas@wsj.com and Maria Armental at
maria.armental@wsj.com
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