Among the companies with shares expected to trade actively in
Thursday's session are Oracle Corp. (ORCL), Guess Inc. (GES) and
Yahoo Inc. (YHOO).
Oracle Corp. (ORCL) posted flat fiscal third-quarter earnings as
revenue from new software licenses slipped, marking a hiccup in the
company's effort to recast itself as a provider of Web-based
software. Revenue fell short of Oracle's expectations, sending
shares down 7.6% to $33.04 premarket.
Guess Inc.'s (GES) fiscal fourth-quarter earnings fell 24% as
higher input costs and special charges offset the apparel company's
improved revenue. Shares slid 8.2% to $24.73 premarket as the
company also issued forecasts for the first quarter and full year
that came in below expectations.
Oppenheimer abandoned its long-time neutral stance on Yahoo Inc.
(YHOO) and upgraded the stock to outperform, joining the crowd of
investment banks that have gotten bullish on Yahoo in the early
days as a result of CEO Marissa Mayer's tenure. The firm boosted
its price target to $27 from $22, helping send shares 1.7% higher
to $22.46 in early trade.
Electronics contractor Jabil Circuit Inc. (JBL) posted a 9.4%
decline in fiscal second-quarter profit and issued a disappointing
outlook for the quarter ahead. Needham, a bull on the stock,
contended, however, that the company's modest view isn't reflective
of material problems in its business but "a challenging macro
backdrop that has hampered growth." Shares were down 1.8% premarket
at $19.13, paring earlier losses.
General Moly Inc. (GMO) (GMO.T) said negotiations have been
suspended on a $665 million term loan for the development of a
major mining project in Nevada following a media report that the
project's main financier has been detained by Chinese authorities.
Shares tumbled 21% to $2.18 premarket.
Software maker Cimatron Ltd. (CIMT) (CIMT.TV) said its two
largest shareholders, DBSI Investments Ltd. and Cimatron board
member William F. Gibbs, are offering to sell an undisclosed number
of shares. The company won't receive any proceeds from the sale.
Shares dropped 17% premarket to $5.32.
Tilly's Inc.'s (TLYS) fourth-quarter earnings fell 29% as the
West Coast-inspired clothing retailer posted higher income-tax
expenses, although revenue improved. Shares slid 6.8% to $12.82
premarket as the company gave downbeat guidance for the current
quarter and full year.
Tumi Holdings Inc.'s (TUMI) fourth-quarter earnings rose 32% as
the luggage maker continued to see strong direct-sales growth in
North America and internationally. But shares dropped 7.7%
premarket to $22.01 as results fell short of Wall Street
expectations, and the company gave a light full-year earnings
outlook.
Watchlist:
Clarcor Inc.'s (CLC) fiscal first-quarter earnings were roughly
unchanged from the year-earlier period as the filter-and-packaging
company also reported flat revenue.
Herman Miller Inc.'s (MLHR) fiscal third-quarter earnings rose
11% as the office-furniture maker's international sales and higher
margins boosted results.
Ignite Restaurant Group Inc.'s (IRG) fourth-quarter loss
increased from a year ago as the restaurant operator was weighed
down by a handful of one-time costs, though same-store sales
continued to improve.
A group of creditors has withdrawn its claim that J.C. Penney
Co. (JCP) defaulted on bonds, the department-store chain said in a
securities filing Wednesday.
Pacific Sunwear of California Inc.'s (PSUN) fiscal
fourth-quarter loss narrowed as the teen-focused specialty retailer
posted stronger sales and margins. The company gave a downbeat view
for the current fiscal quarter.
Raymond James Financial Inc.'s (RJF) assets under administration
rose to $400.7 billion last month as equity markets continued to
climb a "wall of worry," though the regional broker noted its core
business segments have experienced mixed results.
Write to Mia Lamar at mia.lamar@dowjones.com.
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