Among the companies with shares expected to actively trade in
Wednesday's session are Lennar Corp. (LEN, LENB), O'Reilly
Automotive Inc. (ORLY) and Entropic Communications Inc. (ENTR).
Lennar's fiscal second-quarter profit soared from a year
earlier, thanks in part to a tax-related gain, as the homebuilder
saw stronger sales in its homebuilding unit and projected a slow
and steady recovery process in the housing market. Shares jumped 5%
to $28.80 in premarket trading.
O'Reilly said it expects its second-quarter earnings to be at
the low end of its previous forecast, as the auto-parts retailer
also lowered its same-store sales guidance. Shares slumped 14% to
$82.89 premarket, dragging peers Advance Auto Parts Inc. (AAP) and
AutoZone Inc. (AZO) lower as well.
Entropic Communications said it expects second-quarter results
to be better than its prior estimates, due to strong results for
its connectivity products. Shares of the chip-maker surged 22% to
$4.98 premarket.
Omeros Corp. (OMER) plans to offer an undisclosed number of
shares for the biopharmaceutical company's development of two
medical products being tested for use in eye and knee surgeries and
other general purposes. Shares dropped 19% to $10.75 premarket.
Alexza Pharmaceuticals Inc. (ALXA), which develops treatments
for conditions affecting the central nervous system, said it plans
to offer as much as $40 million in mixed securities, which may
include stock. Shares were off 3.3% to $4.15 premarket.
Campus Crest Communities Inc. (CCG), which develops, builds and
manages college student housing, said it will offer 6 million of
its shares. Shares slumped 4.8% to $10.20 premarket.
Watchlist:
An Ohio court has granted Aetna Inc.'s (AET) request to
temporarily stop the state from moving forward with its Medicaid
contract process, as the insurer protests an Ohio agency's decision
to cancel an earlier Medicaid contract it was awarded.
Atlantic Power Corp. (AT, ATP.T) said it will offer 5.5 million
shares of its stock, intending to use the proceeds to fund a
recently acquired wind-energy project under construction in
Oklahoma.
AeroVironment Inc.'s (AVAV) fiscal fourth-quarter earnings edged
up 0.9% as the company recorded an increase in unmanned aircraft
revenue, though margins weakened.
Boeing Co. (BA) abruptly changed the chief executive of its
commercial unit on the eve of a major air show where the jet maker
is expected to announce significant orders for a new version of its
737 Max aircraft. Ray Conner, the senior vice president of sales
and customer support for Boeing Commercial Airplanes, was named on
Tuesday to replace Jim Albaugh, 62, once considered a CEO
candidate.
Bristol-Myers Squibb Co. (BMY) has added $3 billion to its share
repurchase program, as the pharmaceutical company looks to boost
shareholder value.
Digital Realty Trust Inc.'s (DLR) upsized offering of 10 million
shares of stock priced at a 0.8% discount to its Tuesday closing
price.
Natural-gas utility Gas Natural Inc. (EGAS) said Chief Executive
Richard M. Osborne will offer 700,000 shares of the company's
stock.
Standard & Poor's Ratings Services downgraded GeoEye Inc.
(GEOY) two notches, saying the satellite-imaging company faces
heightened risk of lower U.S. government revenues.
H&R Block Inc.'s (HRB) fiscal fourth-quarter earnings fell
11%, as higher filing volume was masked by weaker revenue and
losses from discontinued operations.
Liberty Global Inc. (LBTYA, LBTYB), along with investment funds
tied to Searchlight Capital Partners LP, Tuesday agreed to acquire
OneLink Communications, in a roughly $585 million deal expected to
form Puerto Rico's largest cable operator.
Standard & Poor's Ratings Services placed its ratings for
Ryder System Inc. (R) on watch for a possible downgrade after the
truck-leasing company lowered its full-year earnings guidance last
week.
Sealy Corp. (ZZ) swung to a second-quarter profit as the company
posted wider margins, reflecting higher pricing on luxury mattress
sales.
Write to Mia Lamar at mia.lamar@dowjones.com