Among the companies with shares expected to actively trade in
Tuesday's session are Pep Boys-Manny Moe & Jack (PBY), Comtech
Telecommunications Corp. (CMTL) and Analogic Corp. (ALOG).
Pep Boys swung to a fiscal third-quarter profit as the auto-care
company reported fewer charges, though overall sales inched lower
due to weak merchandise sales. Shares slumped 12% to $11.75 in
after-hours trading, as results for the period missed Wall Street's
expectations.
Comtech's fiscal first-quarter earnings fell 29% on lower
revenue but the maker of advanced communications systems unveiled
plans for additional stock repurchases and a dividend increase.
Shares were up 6.6% at $33.34 in after-hours trading as the results
beat expectations and the company raised its fiscal-year
guidance.
Analogic swung to a fiscal first-quarter loss as the
electronics-component maker reported a steep decline in
medical-imaging sales and higher expenses. Shares slid 11% to
$82.04 in after-hours trading.
ABM Industries Inc.'s (ABM) fiscal fourth-quarter profit fell
13% on higher expenses that helped mask growth in revenue. Shares
were up 7.6% to $29.85 after hours as the company posted results
that exceeded Wall Street expectations.
Activist investor Carl C. Icahn's firm said Monday it will sell
two million depositary units. Shares of Icahn Enterprises LP (IEP)
were down 7.3% at $137.68 after hours.
Watch List:
Casey's General Stores Inc. (CASY) fiscal second-quarter
earnings rose 26% as the convenience-store operator reported broad
revenue growth and benefited from improved gasoline sales and
margins.
Two dry-bulk shipping companies--Eagle Bulk Shipping Inc. (EGLE)
and Genco Shipping & Trading Ltd. (GNK)--have enlisted
restructuring advisers after key creditors sold large blocks of
debt to distressed investors amid balance sheet concerns, The Wall
Street Journal reported.
Lumber Liquidators Holdings Inc. (LL), a hardwood flooring
retailer that has faced recent questions about its sourcing
practices, issued rosier 2013 targets a day before the company was
due to present at a conference in New York City.
MRC Global Inc. (MRC) has inked two separate international
acquisitions, including an agreement to buy Norway-based Stream AS,
a pipe and valve distributor for the offshore oil and gas industry,
for about $260 million.
Northrop Grumman Corp. (NOC) has paid $11.4 million to the U.S.
to settle a claim that the aerospace and defense company made
improper charges to its federal contracts, the Justice Department
said Monday.
PVH Corp.'s (PVH) fiscal third-quarter profit grew 17% as sales
were again boosted by the acquisition of Warnaco Group Inc. earlier
this year, though the clothing company warned of challenges during
the holiday season.
Vail Resorts Inc.'s (MTN) loss widened in its fiscal first
quarter on higher expenses pegged to acquisitions.
Waters Corp.'s (WAT) chief financial officer, John Ornell, will
resign from the role effective Feb. 1, and Eugene G. Cassis will
take over the position on an interim basis, the company said
Monday.
Write to John Kell at john.kell@wsj.com
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