Among the companies with shares expected to actively trade in
Tuesday's session are Best Buy Co. (BBY), Urban Outfitters Inc.
(URBN) and American Woodmark Corp. (AMWD).
Best Buy's fiscal second-quarter profit slumped 91% as the
big-box consumer-electronics retailer logged a restructuring charge
and saw same-store sales continue to decline, pushing results well
below expectations.
Urban Outfitters's fiscal second-quarter earnings rose 8.1% as
the youth-focused apparel retailer continued to report top-line
growth. Shares were up 16% at $36.22 premarket as the results beat
expectations.
Cabinet and vanity maker American Woodmark swung to a surprise
fiscal first-quarter profit, helped by strong demand from
new-construction customers. Shares surged 15% to $20.99
premarket.
Tech Data Corp.'s (TECD) fiscal second-quarter earnings fell 31%
as the wholesale distributor of information-technology products saw
its sales take a hit from weakening foreign currencies and a change
in how certain contracts are reported. Shares slumped 8% to $47.99
premarket.
Nordson Corp.'s (NDSN) fiscal third-quarter earnings rose 18%,
with organic volume and backlog rising sharply for the maker of
dispensing equipment, though higher expenses continued to pressure
margins. Shares jumped 15% premarket to $62.99 as the company
predicted stronger-than-expected current-quarter results and beat
its already-upbeat third-quarter revenue guidance.
Yellow-page companies Dex One Corp. (DEXO) and SuperMedia Inc.
(SPMD) have agreed to merge in an all-stock deal. The yellow pages
business, like the newspaper industry, hasn't benefited from a
broader advertising recovery as more consumers and ad dollars
migrate to the web, causing an accelerated decline for the industry
over the past few years. Shares of Dex One surged 31% to $1.62 in
recent premarket trading, while shares of SuperMedia were inactive
from a Monday close at $2.58.
Israel-based drug developer Pluristem Therapeutics Inc. (PSTI)
said it has renewed a five-year partnership with a German research
institution, a collaboration Chief Executive Zami Aberman said has
been highly supportive of its product pipeline. Shares jumped 5.5%
to $4.22 premarket.
Daktronics Inc.'s (DAKT) fiscal first-quarter earnings jumped a
bigger-than-expected 98% as the maker of larger-screen electronic
displays saw a 29% rise in orders in the Live Events business,
driven by projects across both college and professional facilities.
Shares were up 16% to $9.50 premarket.
Watchlist:
Ameren Missouri, a subsidiary of Ameren Corp. (AEE), intends to
buy back as much as $377 million in senior notes, and also plans to
issue new debt, in a refinancing effort.
Church & Dwight Co. (CHD) has agreed to acquire Avid Health
Inc. for $650 million in cash as it seeks to benefit from growing
sales of gummy vitamins.
DreamWorks Animation SKG Inc. (DWA) has inked a agreement with
News Corp.'s (NWSA, NWS) Twentieth Century Fox for the distribution
of its animated movies, ending a period of shopping around as its
current arrangement is set to expire.
A lawsuit filed on behalf of customers of major online travel
sites and hotel operators accuses the companies, including Expedia
Inc. (EXPE) and Marriott International Inc. (MAR), of conspiring to
fix prices.
ImmunoCellular Therapeutics Ltd.'s (IMUC) president and chief
executive, Manish Singh, has resigned and the company's chief
scientific officer and chairman, John S. Yu, will take on the roles
on an interim basis until a permanent successor is selected.
Trina Solar Ltd. (TSL) swung to a second-quarter loss as the
Chinese solar-products maker continued to struggle under lower
selling prices, along with overdue balances from customers. The
company also lowered its shipment guidance for the year.
VirnetX Holding Corp. (VHC) said it will refile its complaint
with the U.S. International Trade Commission after the ITC
terminated an investigation into the company's allegations that
Apple Inc. (AAPL) engaged in unfair-trade practices.
-Write to Mia Lamar at mia.lamar@dowjones.com
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