Among the companies with shares expected to actively trading in
Wednesday's session are Cisco Systems Inc. (CSCO), Envivio Inc.
(ENVI), Mosaic Co. (MOS) and Woodward Inc. (WWD).
Cisco's fiscal first-quarter profit jumped 18% as the
network-equipment maker continued to sell routers and switches
profitably despite a slump in U.S. federal spending and ongoing
weakness in Europe. The stronger-than-expected results sent shares
up 7.5% to $18.12 after hours.
Envivio cut its current-quarter revenue guidance, saying softer
spending by service providers has weakened demand for its
video-networking technologies. Shares tumbled 18% to $1.54 after
hours.
Mosaic cut its fiscal second-quarter potash and phosphates sales
volume guidance, pointing to weakened demand in the international
crop nutrient market, although the fertilizer producer believes the
demand is simply delayed. Shares were off 5.1% at $48.16 in late
trading.
Woodward's fiscal fourth-quarter profit rose 11% as the company
reported strong aerospace sales and a late-year bump in the
wind-turbine market before government incentives expire. Shares
were up 3.3% at $33.11 after hours as earnings beat analysts'
expectations.
Comstock Mining Inc. (LODE) is offering an undisclosed number of
shares, as the gold and silver mining company looks to raise funds
for working capital and general corporate purposes. Comstock had
43.6 million shares outstanding as of Nov. 13. Shares fell 7.5% to
$2.11 after hours.
LDK Solar Co. (LDK) is ending a long-term solar wafer supply
deal with an unnamed Europe-based customer of its photovoltaic, or
PV, products. The company's American depositary shares were down
3.7% in light after-hours trading.
Navidea Biopharmaceuticals Inc. (NAVB) said the FDA will decide
whether to approve its Lymphoma diagnostic tool by April 30. That's
about six months from now, about how long analysts such as LifeTech
Capital's Stephen Dunn had been expecting. Some investors were
betting on a two-month review, and the stock was down 4.6% to $2.50
after hours.
Spectra Energy Partners LP (SEP) is offering about 4.8 million
common units representing limited partner interests. The natural
gas pipeline and storage facility operator had 96.4 million common
units outstanding as of Sept. 30. Units slid 4.5% to $27.31 after
hours.
Watchlist:
Brookfield Residential Properties Inc. (BRP, BRP.T) said it has
commenced an offering of 8 million shares. The company plans to use
proceeds from the offering as well as a private placement to pay
down debt and for working capital and general corporate purposes.
Brookfield had about 100.3 million shares outstanding as of Sept.
30.
Central European Distribution Corp. (CEDC) plans to restate its
results for the quarter and six-month period ended June 30, after
the wine-and-spirits distributor discovered it set aside too much
money to compensate a customer in Russia in a promotional
effort.
Ferro Corp. (FOE) said James F. Kirsch has stepped down from the
role of president and chief executive, and the specialty materials
company is searching for a permanent successor.
Mario Gabelli's Gamco Investors Inc. (GBL) is offering to
repurchase up to 800,000 shares of Class A common stock through a
modified Dutch auction.
Standard & Poor's Ratings Services lifted its rating on HCP
Inc. (HCP) one notch further into investment grade, noting the
real-estate-investment trust's diversified investment platform and
portfolio of health-care assets will enable it to increase cash
flow over the next few years despite the uncertain regulatory
environment and expected weak economic growth.
Home Inns & Hotels Management Inc.'s (HMIN) third-quarter
earnings fell 79% as the Chinese hotel chain reported weaker
occupancy rates and higher expenses. However, revenue growth beat
the company's expectations.
Mako Surgical Corp. (MAKO) said it plans to offer common stock,
but didn't say how many shares it is selling. The medical device
company had 42.9 million shares outstanding as of Oct. 31.
MarkWest Energy Partners L.P.'s (MWE) offering of 8.5 million
units priced at $46.50 a piece, in line with the natural-gas
processor's Tuesday closing price.
Medifast Inc. (MED) said Chief Financial Officer Brendan Connors
has resigned to pursue other interests and the weight-loss program
provider named Senior Controller Edward Powers as interim financial
chief.
Oneok Partners Inc. (OKS) filed plans to issue and sell up to
$300 million of its common units, according to a regulatory filing.
The energy company had 146.8 million common units outstanding as of
Oct. 26.
Renren Inc.'s (RENN) third-quarter loss widened as the Chinese
social-networking company's operating expenses jumped, offsetting
an increase in revenue from online games.
Sealed Air Corp. (SEE) has offered to buy back up to $900
million, the total principal outstanding, in two series of debt as
the plastic-packaging company aims to refinance. Sealed Air also
said Commercial Markets Holdco LLC, an affiliate of S.C. Johnson
& Son Inc., has agreed to sell 15 million of the company's
shares. The Bubble Wrap maker had 194.5 million shares outstanding
as of Oct. 31.
Tuesday Morning Corp. (TUES) said in a regulatory filing its
executive vice president and chief merchandise officer, Melinda
Page, has been relieved of her duties, a move that follows a slew
of corporate-level changes at the home-furnishing closeout retailer
this year.
Activist investor Sardar Biglari, best known for a contentious
battle with restaurant chain Cracker Barrel Old Country Store
(CBRL) and his affinity for investing icon Warren Buffett,
disclosed a 9.5% stake in insurer Unico American Corp. (UNAM).
Zynga Inc. (ZNGA) is reshuffling its executive suite again. The
San Francisco social games maker said Tuesday it promoted chief
mobile officer David Ko to the vacant position of chief operating
officer. Zynga added that its chief financial officer, David
Wehner, is leaving for a senior position at social network Facebook
Inc. (FB)
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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