Among the companies with shares expected to actively trade in
Thursday's session are Progress Software Corp. (PRGS), Clearwire
Corp. (CLWR) and Herman Miller Inc. (MLHR).
Progress Software swung to a fiscal second-quarter profit as the
business software provider reported growing revenue from software
licenses and gains from divestitures. Shares rose 9.3% after hours
to $24.10.
Dish Network Corp. (DISH) said it has withdrawn its offer for
Clearwire, after a rival bid from Sprint Nextel Corp. (S) won
support from Clearwire shareholders. Dish's bid of $4.40 a share
was trumped by Sprint's offer last week to buy the stake of
Clearwire it doesn't already own for $5 a share. Clearwire shares
were off 2.2% after hours at $4.98.
Herman Miller's fiscal fourth-quarter earnings rose 97% as the
office-furniture company posted stronger-than-expected revenue
growth. However, for the current fiscal quarter, the company
forecast per-share earnings well below recent estimates of
analysts. Shares were off 4.6% after hours at $25.95.
Paychex Inc.'s (PAYX) fiscal fourth-quarter earnings edged up
0.2% as the company's improved revenue was mostly offset by higher
expenses. Shares fell 2.9% to $36.90 as results fell short of
analyst projections.
Select Income REIT (SIR) has launched an offering of eight
million shares as the company looks to raise funds to pay down
debt, and for general business purposes. The real-estate investment
trust's had 39.3 million shares outstanding as of April 26. Shares
slid 6.4% to $27.85 after hours.
Watchlist:
Bed Bath & Beyond Inc.'s (BBBY) fiscal first-quarter
earnings slipped 2.1% as the home-furnishings retailer recorded an
increase in expenses and a smaller tax benefit, though revenue
improved.
Standard & Poor's Ratings Services raised its outlook on
Blackrock Inc.'s (BLK) investment-grade ratings to positive from
stable and said an upgrade is possible if the asset manager can
maintain its earnings momentum and address $1 billion of debt
without hurting its strong credit quality.
CACI International Inc. (CACI) offered fiscal 2014 guidance
mostly below analyst expectations Wednesday, as the government
contractor said the uncertain industry environment will
continue.
Casella Waste Systems Inc.'s (CWST) fiscal fourth-quarter loss
narrowed as the waste-management company improved its revenue,
while the year-earlier period was hurt by a large impairment
charge.
EXFO Inc.'s (EXFO, EXF.T) fiscal third-quarter loss narrowed as
the maker of telecommunications testing equipment cut costs,
masking slightly lower revenue.
H.B. Fuller Co.'s (FUL) fiscal second-quarter earnings soared as
the paint and adhesive manufacturer widened its margins and
recorded significantly lower charges relating to its
business-integration plans. However, results missed analysts'
expectations.
Medtronic Inc. (MDT) said that 14 deaths have been associated
with its SynchroMed infusion system, an implantable device used to
treat chronic pain and spasticity.
Ousted Men's Wearhouse Inc. (MW) chairman George Zimmer defended
himself against board accusations that he pushed for a buyout in
order to regain control of the company he co-founded.
UDR Inc. (UDR) lifted its full-year guidance, citing
better-than-expected operating trends attributable to strong
fundamentals in a majority of the multifamily real-estate
investment trust's markets.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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