Among the companies whose shares are expected to actively trade in Thursday's session are Target Corp. (TGT), Sirius XM Radio Inc. (SIRI) and Zumiez Inc. (ZUMZ).
Target is putting itself in the camp of holiday underperformers, with December same-store-sales rising just half of analysts' estimates and prompting a fiscal fourth-quarter earnings forecast cut. Target specifically cited entertainment-related products--electronics, movies, music--for its shortfall. The miss follows a shortfall in November. Shares fell 4.5% to $47.75 premarket. Eli Lilly & Co. (ELY) shares also slipped, dropping 3.5% to $39.30, as its revised outlook for 2012 disappointed investors.
Sirius said it added about 1.7 million net new subscribers in 2011, exceeding the company's expectations. Shares rose 3.8% to $1.90 premarket as the satellite-radio operator said it ended the year with nearly 21.9 million subscribers. The company had expected 1.6 million subscriber additions for the year.
Zumiez raised its fourth-quarter guidance as December same-store sales beat analyst expectations. Shares surged 11% to $29.17 in premarket trading.
Spanish banking stocks fell in early trade after the government said the sector will need to raise about EUR50 billion in additional provisions to deal with bad property assets. Banco Santander SA's (STD) American depository shares were down 4.9% to $7.17 in recent premarket trading.
Children's Place Retail Stores Inc. (PLCE) lowered its fourth-quarter earnings guidance, as the children's specialty retailer cited aggressive markdowns and high expenses. Shares slumped 11% to $47.45 in premarket trading.
Seagate Technology PLC (STX) lifted its revenue outlook for its fiscal second and third quarters as the impact from Thailand flooding wasn't as bad as expected and the company benefited from higher pricing. Seagate shares jumped 7.3% to $18.05 in premarket trading.
SodaStream International Ltd. (SODA) will soon be adding bubbles to Kraft Foods Inc.'s (KFT) Crystal Light and Country Time Lemonade. Under a licensing agreement, SodaStream will add the two Kraft brands to its portfolio of more than 120 flavors that can be made into carbonated drinks at home using SodaStream machines, sales of which have boomed recently in the U.S. The company's shares surged 9.3% to $41.25 premarket.
American Greetings Corp. (AM) unveiled plans to buy back up to $75 million of its Class A shares in an apparent effort to reassure investors following the company's December stock plunge. Shares edged up 0.4% to $12.55 premarket following the shareholder-friendly move. The stock was off 28% over the past month through Wednesday's close.
Oclaro Inc. (OCLR) said revenues in its just-ended fiscal quarter were better than expected and predicted all but one of its product lines hindered by Thai flooding would be restarted by the end of the month. Shares in the optical components company jumped 8.8% to $3.20 in premarket trading.
Bebe Stores Inc. (BEBE) said it expects its fiscal second-quarter earnings to be at the high end of its guidance, even as the women's clothing retailer reported sales growth that missed expectations.
Department-store operator Bon-Ton Stores Inc. (BONT) widened its estimated loss for the full year as unseasonably mild weather hurt its December sales.
Billionaire activist investor Carl Icahn indicated he could be willing to raise his $15-a-share bid for Commercial Metals Co. (CMC) and he encouraged shareholders to accept his unsolicited $1.73 billion tender offer for the scrap-metal processor.
Constellation Brands Inc.'s (STZ) fiscal third-quarter earnings declined 25% as the alcoholic-beverage company posted weaker sales in the absence of its divested Australian and U.K. wine business.
Cray Inc. (CRAY) cut its 2011 guidance as unexpected supply issues resulted in delays completing the acceptance process on a key project during the fourth quarter, though the company expects the change in timing to help its performance in the current year.
Destination Maternity Corp. (DEST) expects to post fiscal first-quarter earnings at or slightly below the low end of its targeted range as the maternity-apparel retailer undertook additional markdowns to spur sales.
Dunkin' Brands Group Inc.'s (DNKN) Baskin-Robbins ice-cream business reached a franchising agreement with a Vietnamese food manufacturer to develop the brand in that country.
Golden Star Resources Ltd. (GSS, GSC.T) said its preliminary fourth-quarter production results for two operations came in below guidance, due to a shutdown and production problems.
Helen of Troy Ltd.'s (HELE) fiscal third-quarter earnings rose 21% though surging revenue, mostly spurred by its Kaz Inc. acquisition, was partly offset by weaker margins and higher overhead costs.
Henry Schein Inc. (HSIC) paid $155 million in cash to buy the remaining stake in an animal-health joint venture held by private equity firm Oak Hill Capital Partners, a purchase the health-care products maker said it expects to add to earnings.
Limited Brands Inc. (LTD) raised its fiscal fourth-quarter earnings target on the heels of December same-store sales performance that easily topped analyst estimates.
Macy's Inc. (M) said its expects to post fourth-quarter charges of $25 million to $30 million for expenses related to a series of store openings and closings, part of its continuing steps to focus on locations with growth opportunities.
Mosaic Co.'s (MOS) fiscal second-quarter earnings fell 39% as the sale of an equity investment boosted year-ago results, though phosphate and potash sales increased in the latest period.
MSC Industrial Direct Co.'s (MSM) fiscal first-quarter earnings rose 26% as its better-than-expected sales contributed to slight margin growth.
Resources Connection Inc.'s (RECN) fiscal second-quarter earnings rose 45% as the outsourcing and advisory company continued to see revenue growth and benefited from a favorable accounting adjustment.
Sonic Corp.'s (SONC) fiscal first-quarter earnings fell 24% as its top line dropped again and its margin weakened, although the drive-in restaurant chain's comparable sales crept higher after an unexpected drop last quarter.
Synchronoss Technologies Inc. (SNCR) acquired privately held Miyowa Inc. for about $45.5 million in cash, giving the software provider new exposure to mobile social networking and enhancing its cloud-technology strategy.
Texas Industries Inc.'s (TXI) fiscal second-quarter loss widened as the construction-materials company's margins slumped despite recent cost-cutting efforts.
Ulta Salon Cosmetics & Fragrance Inc. (ULTA) boosted its fiscal fourth-quarter sales guidance and raised an already upbeat earnings target for the quarter, citing strong sales performance during the holiday season.
US Airways Group Inc.'s (LCC) consolidated December traffic rose 3.4% from a year earlier.
-Edited by Ian Thomson and Maya Pope-Chappell; write to firstname.lastname@example.org and email@example.com