Among the companies with shares expected to actively trade in
Friday's session are Marvell Technology Group Ltd. (MRVL),
Aeropostale Inc. (ARO) and America's Car-Mart Inc. (CRMT)
Marvell reported disappointing quarterly results and guidance as
the chip maker suffers from weaker PC and smartphone demand and
heightened competition in the Chinese phone market. Second-quarter
results fell short of company estimates, while guidance for the
current period was weaker than analysts had anticipated. Shares
slid 9.6% to $12.58 after hours.
Aeropostale's fiscal second-quarter earnings sank 98% as the
youth-focused apparel retailer's expenses increased and as a
one-time gain boosted the company's year-ago results. Shares
slipped 7.9% to $12.58 after hours as the company gave a weak
outlook for the current quarter, citing a soft start to the key
back-to-school selling season.
America's Car-Mart Inc.'s (CRMT) fiscal first-quarter profit
edged down 2% as the used-car seller set aside more for credit
losses, masking an increase in sales. Shares were off 6.2% to
$45.60 after hours as earnings missed Wall Street estimates.
DryShips Inc.'s (DRYS)second-quarter loss narrowed as revenue
improved and vessel-impairment expenses weighed on year-ago
results. However, shares fell 3% to $2.24 after hours as results
missed analyst expectations.
Ares Capital Corp. (ARCC) said it plans to offer 19 million
shares in an effort to pay down debt and raise funds for general
purposes, including investments in portfolio companies. The
specialty finance company's shares were down 3.6% to $16.80 after
hours.
Gap Inc.'s (GPS) fiscal second-quarter earnings rose a
better-than-expected 29% as the casual-apparel retailer reported
stronger sales in North America and improved margins. Shares rose
1.3% to $34.80 after hours as the company again raised its
full-year earnings view.
PennyMac Mortgage Investment Trust (PMT) is offering 12 million
shares, intending to use the proceeds in part to buy residential
mortgages. The real estate investment trust's shares fell 3.6% to
$21.01 after hours.
Watchlist:
Avago Technologies Ltd.'s (AVGO) fiscal third-quarter income
grew 0.7%, aided by lower operating costs and slightly higher
revenue. However, the chip predicted downbeat fourth-quarter
revenue.
Boardwalk Pipeline Partners LP (BWP) and its general partner
have agreed to acquire PL Midstream LLC from PL Logistics LLC for
$625 million in cash, as the oil and gas transporter company looks
to diversify into industries that complement its core natural gas
pipeline and storage businesses.
Brocade Communications Systems Inc. (BRCD) said its chief
executive is resigning after a seven-year tenure, as it reported
that its fiscal third-quarter profit surged.
Fair Isaac Corp. (FICO) agreed to acquire risk-management
software firm Adeptra Ltd. for $115 million in cash, giving the
creator of the FICO credit score more offerings in
business-management services.
Gardner Denver Inc. (GDI) said it will cut jobs and consolidate
manufacturing facilities, as it restructures its European
operations in an effort to reduce expenses and increase
efficiency.
New York & Co.'s (NWY) fiscal second-quarter loss narrowed
as the women's apparel retailer saw input costs shrink
significantly, masking a slight drop in revenue and boosting
margins.
Plains All American Pipeline LP (PAA) said its board has
approved a two-for-one unit split, joining a growing list of
companies that have stepped up shareholder-friendly initiatives to
attract new investors.
Moody's Investors Service upgraded insurer Unum Group (UNM)
further into investment-grade territory Thursday, saying the
company's credit profile has strengthened over the past few years
and has proven to be sustainable.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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