Among the companies with shares expected to actively trade in
Friday's session are Aeropostale Inc. (ARO), Ann Inc. (ANN) and
Dynegy Inc. (DYN).
Aeropostale forecast a wider-than-expected loss for the current
quarter, which includes the crucial back-to-school season, as the
struggling teen-apparel retailer continues to try to stem declining
sales. Shares dropped 6.7% to $3.65 premarket.
Ann cut its sales guidance for the year, amid soft traffic and
continued promotions, while its fiscal second-quarter sales just
beat the downbeat guidance the retailer offered earlier this month.
Shares declined 3.4% to $37.50 premarket.
Dynegy has agreed to pay $6.25 billion to buy 12,500 megawatts
of coal and gas generation assets from Duke Energy Corp. (DUK) and
Energy Capital Partners, a deal that would nearly double its power
generation capacity. Dynegy shares rose 21% premarket.
Foot Locker Inc. (FL) said its fiscal second-quarter profit
jumped 39% as sales continued to climb. The company's results
outpaced Wall Street expectations, and sales excluding newly opened
and closed locations climbed a healthy 7%. Shares edged up 3% to
$54.15 premarket.
Fresh Market Inc.'s (TFM) fiscal second-quarter profit slid 27%
as the specialty grocery's bottom line was dragged down by higher
costs that masked an increase in sales. Shares climbed 6.5% to
$32.40 premarket.
Retailer GameStop Corp.'s (GME) second-quarter profit more than
doubled on booming demand for new videogame consoles that sharply
lifted its hardware sales. Shares climbed 6.8% to $43.25
premarket.
Gap Inc. (GPS) joined a number of other specialty retailers in
reporting narrower margins for its second quarter, while lower
expenses helped buoy its bottom line. Shares rose 2.6% to $44.31
premarket.
Hibbett Sports Inc. (HIBB) said its fiscal second-quarter profit
declined 21% as higher costs and expenses offset a modest gain in
revenue. The sporting-goods retailer had warned earlier this month
that more cautious consumers resulted in weaker traffic during the
quarter and increased markdowns had dented margins. Shares slipped
6.5% to $43.80 premarket.
Software developer Intuit Inc. (INTU) reported its fiscal
fourth-quarter loss more than doubled on higher expenses, as the
company shifted resources to expanding online services, building on
its revamped QuickBooks Online accounting software for small
businesses. Shares slipped 1.5% to $84.50 premarket.
Ross Stores Inc. (ROST) said its second-quarter earnings rose
12% as the off-price retailer posted higher sales and improved
operating margins. Shares edged up 3.8% to $71.90 premarket.
Salesforce.com Inc. (CRM) swung to a loss in the fiscal
second-quarter amid a string of acquisitions as the company seeks
to diversify its business with an eye to social media and
marketing. Shares rose 3% to $57.37 premarket.
Watch List:
Brinker International Inc. (EAT) on Thursday said its board has
approved an additional $350 million in share repurchases, as well
as a 17% increase in the restaurant operator's quarterly
dividend.
Dish Network Corp. (DISH) said Chief Financial Officer Robert
Olson would retire from the company on Oct. 15. Mr. Olson will be
succeeded by Steve Swain, senior vice president of programming.
Home Depot Inc. (HD) named the head of its retail operations,
Craig Menear, as the home-improvement retailer's new chief
executive to replace Frank Blake in November.
Marvell Technology Group Ltd. (MRVL) said its second-quarter
earnings more than doubled as the chip maker recorded a jump in
revenue.
Write to Maria Armental at maria.armental@wsj.com
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