Among the companies with shares expected to actively trade in
Wednesday's session are Hewlett-Packard Co. (HPQ), Infoblox Inc.
(BLOX), and Tilly's Inc. (TLYS).
Hewlett-Packard posted weaker fiscal fourth-quarter sales, the
ninth-consecutive top-line decline, as the computer maker reported
weaker software and printing revenue. But H-P swung to a profit in
the latest quarter and results for the quarter topped analyst
expectations. Investors cheered the news, sending shares up 6.1% to
$26.63 in premarket trading.
Infoblox's fiscal first-quarter loss widened slightly despite
strong revenue growth as margins weakened and costs rose. The
network-automation company shares slid 18% to $36.89 premarket as
it projected fiscal second-quarter earnings and revenue below
analysts' expectations.
Teen retailer Tilly's issued a dismal profit outlook for the
fiscal fourth quarter, as weak traffic trends and high promotions
are expected to hurt the bottom line. Shares slumped 24% to $12.03
premarket as Tilly's tempered its fiscal full-year outlook and
reported weaker-than-expected revenue for the third quarter.
AeroVironment Inc.'s (AVAV) fiscal second-quarter profit fell
81% on a sharp decline in revenue and margins. However, shares were
up 4.4% at $28.10 in premarket trading as the maker of pilotless
drones and rechargeable-batteries reported adjusted earnings and
revenue that topped expectations.
Shanda Games Ltd.'s (GAME) third-quarter earnings fell 1.6%
despite growth in the game developer's revenue driven by its
mobile-game segment. Morgan Stanley analysts aren't impressed with
the company's PC game pipeline, while sales of its top PC games
dropped in the latest period. Shares declined 5.1% to $3.90
premarket.
Watch List:
Analog Devices Inc.'s (ADI) fiscal fourth-quarter earnings rose
13% as stronger margins and asset-sale gains and other items offset
the chip maker's lower revenue.
Bio-Reference Laboratories Inc. (BRLI) projected fiscal-fourth
quarter earnings below expectations and also gave a cautious view
for the recently started fiscal year. The clinical-testing company
said it has been under pressure from reimbursement rates, higher
costs stemming from upgrading acquisitions in Florida and
California, as well as substantial start-up costs for its inherited
cancer program.
CVS Caremark Corp. (CVS) agreed to buy medical provider Coram
LLC from Apria Healthcare Group Inc. for roughly $2.1 billion,
continuing its push into the specialty-drug market. Coram provides
infusion therapies--giving medicine through a needle or
catheter
Lime Energy Co. (LIME) fired Chief Executive John O'Rourke while
simultaneously promoting President and Chief Operating Officer Adam
Procell to the top post.
TiVo Inc.'s (TIVO) fiscal third-quarter revenue jumped as the
maker of TV set-top boxes added more subscribers, though profit for
the period slid 79% as last year's results included $78.4 million
in litigation proceeds.
Zale Corp.'s (ZLC) fiscal first-quarter loss narrowed as the
jewelry retailer reported higher same-store sales across nearly all
stores it operates and overall margin growth.
Write to Lauren Pollock at lauren.pollock@wsj.com
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