Among the companies with shares expected to actively trade in Wednesday's session are Express Inc. (EXPR), Michaels Cos. (MIK) and Smith & Wesson Holding Corp. (SWHC).

Brown Shoe Co. (BWS) said its fiscal second-quarter profit rose 18% as its wholesale business and Famous Footwear chain reported higher sales. The company's per-share earnings outpaced market expectations, leading Brown Shoe to raise its outlook for the year. Shares edged up 1.4% to $31.80 premarket.

Chico's FAS Inc. (CHS) said its fiscal second-quarter profit fell 31% as price cuts to unload seasonal merchandise squeezed margins. Shares slipped 5.4% to $15.15 in recent premarket trading as its results missed analysts' expectations.

Donaldson Co. (DCI) said its fiscal fourth-quarter profit and sales rose, topping analysts' views, while the filtration-systems maker said it expected improvement in the coming fiscal year. Shares rose 5.7% to $43 in light premarket trading.

Express said its fiscal second-quarter earnings tumbled 59% as the specialty retail apparel chain reported a modest decline in sales and higher operating expenses. Results, however, outpaced market expectations, and the company also lifted its outlook for the year, pushing shares up 13% to $16.55 premarket.

Michaels said its fiscal second-quarter sales increased more than expected in the arts-and-crafts retailer's first earnings report since it went public again at the end of June. The company's estimate for the year also exceeded analysts' views. Shares rose 10% to $16.70 premarket.

Smith & Wesson lowered its outlook for the year, pointing to high inventories following an earlier surge in consumer buying. Shares dropped 11% to $11.70 premarket, also dragging down peer Sturm Ruger & Co. (RGR).

Tiffany & Co. (TIF) said its fiscal second-quarter profit jumped 16% as the Americas and Asia-Pacific regions drove sales higher. The high-end jewelry retailer also raised its earnings outlook for the year. Shares edged up 3% to $103.75 premarket.

TiVo Inc. (TIVO) reported higher revenue in the second quarter as the digital video recorder pioneer benefited from world-wide growth and more customers. Shares slipped 1.7% to $13.76 premarket.

 
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Analog Devices Inc.'s (ADI) fiscal third-quarter profit edged up 2% as the chip maker reported higher revenue, partially offset by higher costs related to its recent acquisition of fellow chip maker Hittite Microwave Corp.

Bob Evans Farms Inc. (BOBE) swung to a first-quarter loss, hurt by lower sales. The food and restaurant operator also said, based on preliminary election results, four nominees put forth by Sandell Asset Management Corp. will join its board, one fewer than the activist investor had said last week.

European regulators have approved a Bristol-Myers Squibb Inc. (BMY) drug for use in hepatitis C combination treatments, the company said Wednesday. The ruling by the European Commission allows for the drug, Daklinza, to be marketed in all of the European Union's member states.

Cooper Tire & Rubber Co. (CTB) unveiled the valuation of its joint venture with Chengshan Group Company Ltd., marking a step forward as the companies seek to resolve its future ownership.

Exxon Mobil Corp.'s (XOM) pipeline company has agreed to pay a civil penalty of about $1.4 million to settle an alleged violation of the Clean Water Act, the Department of Justice and Environmental Protection Agency said Tuesday.

Medtronic Inc. (MDT) acquired NGC Medical S.p.A., in a deal that values the privately-held Italian company at $350 million as Medtronic seeks to expand its hospital managed services offerings.

Write to Maria Armental at maria.armental@wsj.com

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