Date : 05/18/2012 @ 9:22AM
Source : Dow Jones News
Stock : Aruba Networks Inc. (ARUN)
Quote : 24.67  0.0 (0.00%) @ 2:05AM


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Among the companies with shares expected to actively trade in Friday's session are Gap Inc. (GPS), Inc. (CRM) and Autodesk Inc. (ADSK).

Gap's fiscal first-quarter profit was unchanged from the prior year, as the casual-apparel retailer reported higher same-store sales in North America but weakness abroad and a jump in operating expenses. Shares rose 2.4% to $26.95 premarket as the company raised its full-year earnings guidance. swung to a fiscal first-quarter loss as operating costs and stock-based expenses jumped, although the company's top-line growth and quarterly billings easily exceeded expectations. Shares jumped 6.7% to $142.70 premarket.

Design software maker Autodesk's fiscal first-quarter earnings rose 14% on stronger revenue in all its major markets, led by Asia-Pacific and the Americas. Shares sank 7.2% to $32.23 premarket as the company forecast mostly weak estimates for the current quarter.

Boston Scientific Corp.'s (BSX) stock jumped 4.6% to $6.38 premarket on news of an Epic heart stent launch in the U.S. for patients with iliac artery stenosis -- narrowing of arteries leading to the leg -- a disease that can cause severe leg pain because of insufficient blood flow. While a launch this month was expected, the stent is seen as a key growth driver for Boston Scientific, which has been hurt by weak sales of heart rhythm products, like others in the industry. Last month, Chief Executive Hank Kucheman said Boston Scientific saw "strong sales" of Epic overseas in the first quarter, and the U.S. launch "will contribute to continued above-market growth in this business."

Marvell Technology Group Inc. (MRVL) reported better-than-expected fiscal first-quarter results and provided strong guidance for the current period as the chip maker benefits from strong demand for its processors in Chinese smartphones and a recovering hard-disk drive industry. Shares were up 5.2% to $13.99 premarket.

Osiris Therapeutics Inc. (OSIR) said it has been authorized by Health Canada to market its main stem cell therapy Prochymal for the treatment of acute graft-vs-host disease in children. Shares climbed 12% to $5.88 premarket.

Sequenom Inc. (SQNM) said Coventry Health Care Inc. (CVH) has terminated its agreement to provide coverage for the life-sciences company's MaterniT21 Plus laboratory-developed test. Sequenom shares were down 9% to $4.34 premarket.

Aruba Networks Inc.'s (ARUN) fiscal third-quarter profit surged 88% as the WiFi-equipment maker's revenue grew, helped by a double-digit percentage increase in product revenue, while margins improved as well. But management projected revenue for the current quarter that was slightly below consensus expectations. Lazard Capital markets called the guidance "conservative," saying it believes the company remains cautious about the macro economy. Shares fell 5.2% to $14.50 premarket.


Aeropostale Inc.'s (ARO) fiscal first-quarter earnings slipped 35% as the youth-focused apparel retailer recorded weaker margins and flat same-store sales, though revenue improved.

Ann Inc.'s (ANN) fiscal first-quarter earnings rose 5.1% as the reduced use of promotions helped the seller of women's apparel beat its downbeat sales estimate. The company also forecast current-quarter sales of $585 million while analysts surveyed by Thomson Reuters expect $593 million.

Applied Materials Inc.'s (AMAT) fiscal second-quarter profit shrank 41% as the semiconductor-equipment maker's margins narrowed, though revenue dropped less than expected.

Brocade Communications Systems Inc.'s (BRCD) fiscal second-quarter profit rose 51% as margins improved and interest expense decreased.

Intuit Inc.'s (INTU) fiscal third-quarter earnings climbed 6.7% as the tax-software maker reported modest growth during the recent tax season and continued strength in its small-business products.

JDA Software Group Inc. (JDAS) said it has been notified by Nasdaq that it continues to be noncompliant with the exchange's listing requirements because it hasn't yet filed its latest quarterly report.

Moody's Investors Services placed its ratings on MEMC Electronic Materials Inc. (WFR) on review for a possible downgrade, pointing to the wafer maker's larger-than-expected cash burn in the first quarter and the departure of several senior executives.

Orchard Supply Hardware Corp. (OSH) said it expects same-stores sales to drop 3.1% in its fiscal first quarter, in line with its April guidance of a decline of low single-digits.

Pacific Sunwear of California Inc.'s (PSUN) fiscal first-quarter loss narrowed on improved same-store sales and margins. Same-store sales came in at the high end of company projections and the loss wasn't as bad as expected.

S&W Seed Co. (SANW) said it will offer an unspecified number of shares of its common stock as the seed producer looks to raise funds for working capital needs and general corporate purposes.

Schnitzer Steel Industries Inc. (SCHN) said it expects weakness in its third quarter as demand for recycled metals has remained soft while supplies continue to be tight.

Union leaders of Continental Airlines and United Airlines pilots said they plan to call for a vote to strike against their employer, air carrier United Continental Holdings Inc. (UAL).

Zumiez Inc.'s (ZUMZ) fiscal first-quarter earnings more than doubled as the teen-apparel retailer continues to benefit from sustained growth in same-store sales. Results topped the company's own estimates.

-Edited by Corrie Driebusch and Nathalie Tadena, Dow Jones Newswires; 212-416-2143;

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