Among the companies with shares expected to actively trade in Thursday's session are Hewlett-Packard Co. (HPQ), Pandora Media Inc. (P) and Tiffany & Co. (TIF).
Hewlett-Packard unveiled plans to lay off 27,000 employees and said it was cautiously optimistic about its future despite a 31% slump in its fiscal second-quarter earnings. Shares were up 8.2% to $22.80 premarket as earnings beat the company's expectations and as the company raised its full-year view.
Pandora posted a widened quarterly loss on Wednesday, though the Internet radio firm's results included a fast-growing sales figure that topped Wall Street expectations. Shares jumped 15% to $11.93 premarket.
Tiffany's fiscal first-quarter earnings edged up 0.6% and the high-end jewelry retailer reduced its full-year expectations, citing slowing economic growth in many countries and softness in U.S. operations. Shares dropped 7% to $57.50 premarket.
NetApp Inc. (NTAP) joined a growing list of technology companies issuing bleak financial guidance, citing ongoing economic uncertainty--especially in Europe--for a disappointing current-quarter outlook. Shares sank 17% premarket to $27.20 as a weak forecast overshadowed the data-storage maker's fiscal fourth-quarter earnings, which grew 13% on stronger revenue in all three major businesses.
Signet Jewelers Ltd.'s (SIG, SIG.LN) fiscal first-quarter earnings rose 9.4% despite modest sales growth amid a calendar shift for the Mother's Day selling season. Shares were down nearly 10% in recent premarket trading as revenue missed expectations the Signet estimated fiscal second-quarter earnings below analysts' views.
MediciNova Inc. (MNOV) said the preliminary results from a Phase 2b clinical study did not yield statistically significant results for its MN-221 asthma treatment. Shares of the biopharmaceutical company slumped 43% to $1.57 premarket.
PVH Corp.'s (PVH) fiscal first-quarter earnings jumped 61% as the apparel company saw continued growth in its two key labels. Shares rose 4% to $80.48 in premarket trading as the company boosted its full-year guidance and beat its guidance.
Monro Muffler Brake Inc.'s (MNRO) fiscal fourth-quarter profit rose 27% as the automotive services company saw a boost from acquisitions and higher brake sales. The results fell short of expectations, however, and the company said higher gas prices and economic woes would affect customer purchasing decisions and pressure earnings in the near term. Shares slipped 1.4% to $36.50 premarket.
AFC Enterprises Inc.'s (AFCE) fiscal first-quarter earnings rose a better-than-expected 15% as same-store sales improved, led by growth in the U.S. The company, which runs the Popeyes chain of fried-chicken restaurants, also raised its full-year guidance.
Hasbro Inc. (HAS) has pushed back the theatrical release for "G.I. Joe: Retaliation" by nine months, a move that comes days after a disappointing opening weekend performance for "Battleship" in the U.S. and Canada.
H&R Block Inc. (HRB) named Gregory Macfarlane as the tax preparer's new chief financial officer, replacing Jeff Brown.
Raymond James Financial Inc.'s (RJF) client assets under administration rose to $376 billion in April, as the company said both its core business and recently acquired Morgan Keegan & Co. unit continued to perform at healthy levels last month.
Semtech Corp. (SMTC) has postponed the release of its first-quarter earnings by a day, citing the complexities of certain purchasing accounting determinations related to the chip maker's recent acquisition of Gennum Corp. The company now plans to release its earnings after the market's close on Thursday.
Synopsys Inc.'s (SNPS) fiscal second-quarter earnings fell 74% amid acquisition-related charges, masking revenue growth at the provider of chip-design software.
VSE Corp. (VSEC) said it has been awarded a 10-year, multiple-award contract by the National Institutes of Health worth up to $20 billion, which will help the diversified federal services company expand its presence in the federal health and information technology markets.
-Edited By Corrie Driebusch and Nathalie Tadena, Dow Jones Newswires; 212-416-2143; firstname.lastname@example.org