Among the companies with shares expected to actively trade in
Friday's session are Aruba Networks Inc. (ARUN), J.C. Penney Co.
(JCP) and Sina Corp. (SINA).
Aruba Networks swung to a fiscal third-quarter loss as the
wireless-equipment maker's results were hampered by higher taxes
and expenses, which masked improved revenue. Shares sank 20% to
$14.10 in premarket trading after the company issued downbeat
second-quarter guidance. Meanwhile, competitor Ruckus Wireless Inc.
(RKUS) rose 4.21% in premarket trading.
Gold prices declined amid an industry report and disclosures of
scaled-back bets by some hedge funds, which indicate investors'
interest in the precious metal is ebbing. American depositary
shares of some gold miners declined, including AngloGold Ashanti
Ltd. (AU), which is down 2.1% to $17.18 in premarket trading, and
Gold Fields Ltd. (GFI), which dropped 2.3% to $5.99.
Brocade Communications Systems Inc.'s (BRCD) fiscal
second-quarter earnings rose 19% as the manufacturer of data and
storage-networking products saw expenses fall, though revenue was
roughly flat from a year earlier. The company provided guidance for
the current quarter below Wall Street estimates. Shares fell 5.9%
to $5.40 in recent premarket trading.
Royal Bank of Scotland Group PLC (RBS, RBS.LN), which is 81%
state-owned, unveiled plans to cut about 1,400 jobs in its retail
head office, part of a restructuring of the unit to improve
returns. American depositary shares rose 2.9% to $9.99 in recent
premarket trading.
Triple-S Management Corp. (GTS) said a secondary offering of 5.4
million of its Class B shares priced at a 4.5% discount to
Thursday's close. Shares fell 1.6% to $18.80 in recent premarket
trading, but stayed above the per-share offer price of $18.25.
J.C. Penney lost $348 million in the first quarter on top of
nearly $1 billion in losses last year, as sales continued to slide
at the beleaguered retailer. Shares fell 1% to $18.60 in recent
premarket trading.
Nordstrom Inc.'s (JWN) fiscal first-quarter earnings fell 2.7%
as the high-end department store operator was hurt by
weaker-than-expected sales volume and higher costs and expenses.
Shares slipped 3.9% to $58.76 in premarket trading after the
company also cut its 2014 revenue and same-store sales
outlooks.
Sina's first-quarter loss narrowed as margins widened at the
Chinese Internet company, which also reported a surprise core
profit. Shares rose 3.7% to $61 in recent premarket trading after
the company offered a second-quarter revenue view that topped
consensus estimates.
Stemline Therapeutics Inc. (STML) said its offering of 4.1
million shares priced at a 3.3% discount to Thursday's close.
Shares rose 3% to $15.45 in recent premarket trading, above the
per-share offer price of $14.50.
3D Systems Corp. continued to fall after William Blair
downgraded it and fellow industrial 3-D printer maker Stratasys
Ltd. (SSYS) to underperform while saying it is "waiting for
expectations to align with reality." Their P-Es, at nearly 50, are
well above long-term averages, and while both companies' result
financial results have "been impressive...media hype has led
investors to overlook some key fundamentals of these companies and
ultimately has given rise to unreasonable growth expectations."
Shares of 3D fell 2.6% to $44.42 in recent premarket trading.
Watch List:
Anaren Inc. (ANEN) called Vintage Capital Management LLC's offer
to buy the manufacturer "inadequate" and said it will continue to
review its strategic options.
Applied Materials Inc. (AMAT) posted its third straight
quarterly loss as its solar supply business continued to struggle,
prompting a write-down that masked stronger profitability in other
areas.
Dell Inc.'s (DELL) investor base is shifting ahead of a
shareholder vote on the company's proposed $24.4 billion buyout, as
the computer maker on Thursday posted an posted an expected drop in
quarterly profit. Dell posted a nearly 80% decline in net income
for its fiscal first quarter ended May 3. Revenue was up 2% to
$14.1 billion. The numbers were expected after The Wall Street
Journal and other media reported earlier this week that Dell
planned to post worse-than-expected quarterly results.
Donaldson Co.'s (DCI) fiscal third-quarter profit fell 1.6% as
the maker of filtration systems posted significantly
weaker-than-expected revenue due to softer engine-product and
industrial-product sales. The company again lowered its full-year
guidance.
Real-estate services firm Jones Lang LaSalle Inc. (JLL) has
named Christie B. Kelly as its new finance chief, replacing
Lauralee Martin.
Standard & Poor's said Kansas City Southern (KSU) will
replace Dean Foods Co. (DF) in the S&P 500, following the dairy
company's spinoff of its organic and soy business as WhiteWave
Foods Co. (WWAV).
Northrop Grumman Corp. (NOC) has approved an additional $4
billion in share repurchases as the defense firm continues its
efforts to boost shareholder returns.
SciClone Pharmaceuticals Inc. (SCLN) said it entered into a drug
agreement with Zensun (Shanghai) Science & Technology Co.,
expanding its reach in China.
Sempra Energy (SRE) reached a joint venture agreement with GDF
Suez SA (GSZ.FR), Mitsubishi Corp. (MSBHY, 8058.TO) and Mitsui
& Co. (MITSY, 8306.TO) to develop a liquefied natural-gas
export facility at the site of the Cameron LNG facility in
Louisiana.
Stage Stores Inc. (SSI) sharply widened its fiscal first-quarter
loss as the retailer saw its margins narrow and reported revenue
below Street views, amid what Chief Executive Officer Michael
Glazer called "unseasonably cool weather in March and April." Wall
Street had expected a per-share profit.
Write Saabira Chaudhuri at saabira.chaudhuri@dowjones.com
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