Among the companies with shares expected to actively trade in Friday's session are Chipotle Mexican Grill Inc. (CMG), SanDisk Corp. (SNDK) and Xerox Corp. (XRX).
Chipotle Mexican Grill Inc. (CMG) said its customer traffic growth has slowed recently, raising the possibility that some people are trading down to less pricey fast-food restaurants as a result of the uncertain economy. Shares of Chipotle tumbled 17% to $334.98 premarket as chain's second-quarter revenue growth and sales at established restaurants fell below Wall Street analysts' expectations. The report also stoked concerns for fellow casual restaurant operator Panera Bread Co. (PNRA), which slumped 4.5% to $144.00 premarket.
SanDisk Corp.'s (SNDK) second-quarter earnings plummeted as the flash memory maker saw much weaker sales and profit margins, due to soft demand for the company's memory chips from makers of mobile devices. But SanDisk's results were not as bad as some analysts had feared, sending shares up 11% to $39 premarket. Rival Micron Technology Inc. (MU) also got a boost from the results, trading up 2% at $5.87.
Xerox Corp.'s (XRX) second-quarter earnings fell 3.1% as sales from its technology business declined and margins shrunk. The company also lowered its earnings forecast for the year, saying its expects economic uncertainty to continue to weight on its technology business. Shares fell 4% to $6.90 in premarket trade.
Google Inc. (GOOG) said its second-quarter profit jumped 11% thanks to growing interest in its Internet search business, even as the prices paid by search advertisers continued to drop. Shares rose 2.6% to $608.55 premarket as Google's report topped many Wall Street estimates.
Baker Hughes Inc.'s (BHI) second-quarter profit climbed 30% as the company's onshore U.S. operations helped to offset a seasonal slowdown in Canada, contributing to better-than-expected revenue. Shares jumped 7.3% to $44.80 premarket.
Cepheid's (CPHD) second-quarter earnings fell 38% as the maker of biological testing systems was hurt by higher costs that masked strong revenue growth. The company also lowered its full-year earnings targets. Shares plunged 18% to $36 premarket.
Advanced Micro Devices Inc. (AMD) reported dismal second-quarter results and said the weakness would continue into the current period as the chip maker is hurt by softening consumer demand for PCs, particularly in China and Europe. The company also forecast third-quarter revenue below analyst expectations. Shares were down 2.7% to $4.73 premarket.
Align Technology Inc.'s (ALGN) second-quarter earnings more than doubled as the maker of Invisalign braces saw continued strength in shipments and revenue. Shares fell 5.4% to $30.00, however, after the company issued a downbeat outlook for the current quarter.
Freescale Semiconductor Ltd.'s (FSL) second-quarter loss narrowed as the chip maker strengthened its margins and saw fewer charges, masking a drop in revenue. Shares dropped 12% in premarket trading to $12.83 as the company projected current-quarter sales below analysts' expectations.
Intuitive Surgical Inc.'s (ISRG) second-quarter earnings rose 32% behind continued strong sales growth for its surgical robots, but the company also cautioned that it's seeing a decline in domestic prostate-cancer surgeries. Shares were off 4.5% to $$520.00 premarket.
SunCoke Energy Inc. (SXC) said its board has approved the formation of a master limited partnership, which will hold a portion of its interests in coke-making facilities in Ohio. Shares were up 6.5% to $16 premarket.
Swift Transportation Co.'s (SWFT) net profit jumped 72% as the trucking company saw revenue rise and it benefited from lower fuel prices. Adjusted earnings topped analyst expectations. Shares rose 4.9% to $8.35 premarket.
Avon Products Inc.'s (AVP) general counsel and chief compliance officer, Kim Rucker, will leave the company to take an executive position at Kraft Foods Inc. (KFT), the companies said.
Bristol-Myers Squibb Co. (BMY) said a Phase 3 trial of its drug, brivanib, as a first-line treatment in patients with liver cancer didn't meet its primary survival objective.
Cubist Pharmaceuticals Inc. (CBST) swung to a profit in the second quarter on a year-earlier contingent consideration charge, as the biopharmaceutical company continued to post strong sales growth.
Cytec Industries Inc.'s (CYT) second-quarter earnings rose 1.7% as the specialty chemicals and materials company saw strong performance in its engineering materials and in-process separation segments. The company boosted its adjusted earnings guidance for the year.
Dole Food Co.'s (DOLE) second-quarter earnings fell 21% as the fruit-and-vegetable producer saw lower fresh fruit revenue, though sales of fresh vegetables and packaged foods improved.
DirectTV Group Inc. (DTV) and Viacom Inc. (VIA, VIAB) reached an agreement that ends a combative dispute over programming fees and restores channels like Nickelodeon, Comedy Central and MTV to the satellite TV provider after a 10-day blackout.
EBay Inc. (EBAY) late Thursday slightly lowered its third-quarter and full-year earnings guidance to reflect the impact of its public $3 billion debt offering.
WesBanco Inc. (WSBC) said it will acquire Fidelity Bancorp. Inc. (FSBI) in a deal valued at $70.8 million that expands the bank holding company's presence in the Pittsburgh market.
General Electric Co.'s (GE) second-quarter earnings fell 18% but edged Wall Street forecasts on an operating basis, buoyed by profit growth at its big energy infrastructure division and its GE Capital finance unit.
Huron Consulting Group Inc. (HURN) said it paid a $1 million penalty as it settled allegations by the Securities and Exchange Commission that it violated record-keeping provisions.
Communications-technology company IDT Corp. (IDT) said it plans to spin off its patent and licensing business, saying the separation is the best way to maximize value in the unit's portfolio.
Lattice Semiconductor Corp. (LSCC) swung to a second-quarter loss as the chip maker's sales declined and its margins weakened.
Sustained growth of Microsoft Corp.'s (MSFT) core Office and enterprise software businesses cheered investors even as the software giant swung to a fiscal fourth-quarter loss--its first quarterly loss in at least 20 years--after a write-down and increase in deferred revenue related to a Windows 8 upgrade promotion.
NCR Corp. (NCR) continued to benefit from ATM improvements at U.S. regional banks and its own strengthening margin profile from increasing software business, as second-quarter earnings more than doubled.
A U.S. judge has upheld the validity of patents covering Pfizer Inc.'s (PFE) blockbuster pain drug Lyrica, preserving market U.S. exclusivity for one of the company's best-selling drugs through 2018.
Rambus Inc.'s (RMBS) second-quarter loss widened as the technology licenser saw a decline in its revenue from royalties and contracts.
Splunk Inc. (SPLK) said shareholders' offering of 11.7 million shares priced at $28.25, a 3.2% discount to Thursday's closing price. The San Francisco-based company makes software that allows companies to collect and analyze large quantities of data, especially machine-generated data.
Staar Surgical Co. (STAA) projected second-quarter revenue below analyst expectations, noting sales of its Visian ICL lens grew less than anticipated in Asia Pacific and Europe.
-Write to Mia Lamar at email@example.com
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