Among the companies with shares expected to actively trade in
Wednesday's session are Tesla Motors Inc. (TSLA), Abercrombie &
Fitch Co. (ANF), Mindspeed Technologies Inc. (MSPD) and Renewable
Energy Group Inc. (REGI).
Electric car maker Tesla reported a narrower third-quarter net
loss of $38 million and said it plans to expand production of its
Model S sedans to meet rising demand in the U.S. and overseas.
Though adjusted profit and revenue beat expectations, shares fell
12% to $154.90 in after-hours trading as some had hoped for a
bigger beat. Still, the stock has risen 422% this year through
Tuesday's close.
Abercrombie & Fitch appears to be in for a blue Christmas as
the teen-apparel retailer reported a double-digit drop in sales for
the fiscal-third quarter and expects the same for the upcoming
holiday period. In after-hours trading, the stock dropped 7.5% to
$35.42.
M/A-COM Technology Solutions Holdings Inc. (MTSI) agreed to
acquire semiconductor manufacturer Mindspeed Technologies in a deal
valued at $272 million, expanding the company's markets to include
enterprise applications. Mindspeed shares surged 68% to $4.98 after
hours.
Renewable Energy swung to a third-quarter profit due to strong
sales of biodiesel, news that sent shares sharply higher as the
results easily exceeded Wall Street's expectations. The strong
earnings report pushed shares up 16% to $13.68 in after-hours
trading.
BioTelemetry Inc.'s (BEAT) third-quarter loss narrowed slightly
as the wireless medical technology company logged volume growth in
its patient services segment, in part due to its contract with
UnitedHealth Group Inc. (UNH). Shares jumped 12% to $10.10 after
hours as the company reported a surprise adjusted profit.
Shares of Tangoe Inc. (TNGO) slipped after the software and
services provider issued weak outlook targets for the fourth
quarter and trimmed full-year expectations. Tangoe's stock slid 18%
to $15.47 in after-hours trading. Investors appeared to ignore the
company's third-quarter results, as profit more than doubled on
rising revenue and gross margins.
Watch List:
21st Century Fox Inc. (FOXA, FOX.AU) said its fiscal
first-quarter profit slid 44% as last year's results included a
gain tied to an asset sale, masking the media company's broad
revenue growth.
Alliance Data Systems Corp. (ADS) has struck a deal to take a
60% stake in Netherlands-based BrandLoyalty for at least $360
million, a deal to expand its loyalty-program footprint into the
European and Asian markets.
Amdocs Ltd. (DOX) has agreed to acquire Celcite Management
Solutions LLC for about $129 million in cash, expanding the
company's network software offerings, and also offered upbeat sales
guidance for the new year.
Bloomin' Brands Inc. (BLMN) swung to a third-quarter profit as
sales from new restaurants boosted the company's revenue, though
the company Tuesday lowered its sales guidance for the year.
Energy Transfer Partners L.P.'s (ETP) third-quarter profit
soared from a year earlier while affiliate Energy Transfer Equity
L.P. (ETE) said it swung to a sharp profit. Revenue at both
companies soared, and the top line growth topped analyst
expectations. However, per-unit profit growth fell short of Wall
Street projections.
Fossil Group Inc.'s (FOSL) third-quarter earnings rose 17% as
the fashion-accessories retailer reported another jump in
sales.
Liberty Global PLC's (LBTYA, LBTYB) third-quarter loss widened
on increased losses on derivative instruments and higher interest
and income tax expense, though revenue improved thanks to gains
from its Virgin Media acquisition.
Live Nation Entertainment Inc.'s (LYV) third-quarter profit slid
24% due to a loss tied to a debt payment, masking a jump in concert
ticket sales as new artists and legendary performers took to
touring.
Office Depot Inc. (ODP) and rival OfficeMax Inc. (OMX) continued
to post declining sales during their last quarter as independent
concerns, underscoring the challenges the combined company will
face as they contend with stiffer online competition.
Oneok Inc.'s (OKE) third-quarter earnings fell roughly 4% on
charges related to the winding down of the company's
energy-services segment.
QEP Resources Inc. (QEP) swung to a third-quarter profit mostly
owing to higher oil production and improved realized natural gas
prices.
Write to John Kell at john.kell@wsj.com
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