Among the companies with shares expected to trade actively in Thursday's session are Supervalu Inc. (SVU), Navistar International Corp. (NAV) and Science Applications International Corp. (SAIC).

 

Supermarket chain Supervalu Inc. cut its profit guidance for the year, citing softer-than-expected results in its traditional and discount grocery segments. Shares fell 8.23% to $5.02 in premarket trading.

 

Navistar International Corp. posted a greater loss and its revenue decreased in its third quarter as the company continued to face declining heavy duty truck sales. Shares fell 3.26% to $18.40 premarket.

 

Defense contractor Science Applications International Corp. posted better-than-anticipated profit in the latest quarter and robust bookings, though revenue slipped unexpectedly. Shares rose 3.12% to $67.75 premarket.

 

Guidewire Software Inc. (GWRE) said it expects profit to contract this year, well below analysts' projections, as it ramps up spending to add a line of business.

 

Hewlett Packard Enterprise Co. (HPE) on Wednesday announced an $8.8 billion deal to spin off and merge its software operations with Britain's Micro Focus International PLC, the latest move by the Silicon Valley giant to narrow its business focus. Under the deal, HP Enterprise shareholders are expected to end up with Micro Focus shares currently valued at about $6.3 billion. Micro Focus will pay HP Enterprise $2.5 billion in cash.

 

Honeywell International Inc.'s (HON) shareholders will receive a stake in AdvanSix next month, as part of Honeywell's spinoff of the $1.3 billion resins and chemicals business. Honeywell shareholders of record as of 5 p.m. ET on Sept. 16 will receive 25 AdvanSix shares on Oct. 1.

 

Intel Corp. (INTC) agreed to sell a majority stake in its computer-security unit to private-equity firm TPG, partly reversing a five-year-old acquisition that has largely proved disappointing. The business, recently called Intel Security, will use the McAfee name originally associated with it.

 

Home-furnishing retailer Pier 1 Imports Inc. (PIR) on Wednesday said its chief executive will leave the company at the end of the year and reported weaker-than-expected preliminary results for the second quarter.

 

Tailored Brands Inc. (TLRD), formerly known as Men's Wearhouse, reported results for its latest quarter that were better than analysts projected.

 

Tractor Supply Co. (TSCO) on Wednesday cut further its financial estimates for the year, saying that weakness in the agricultural and energy sectors is weighing on consumer spending in many of the rural communities that the retailer serves.

 

Williams Cos. (WMB) took measures to simplify its structure and reduce commodity exposure by consolidating to three operating areas from five. Financial reporting under the new structure is expected to take effect in early January, Williams said.

 

Write to Chris Wack at chris.wack@wsj.com or Maria Armental at maria.armental@wsj.com

 

(END) Dow Jones Newswires

September 08, 2016 09:22 ET (13:22 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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