Among the companies with shares expected to actively trade in
Tuesday's session are Yum Brands Inc. (YUM), Idenix Pharmaceuticals
Inc. (IDIX) and Hemispherx Biopharma Inc. (HEB).
Yum Brands' fourth-quarter earnings slipped 5.3% as the
fast-food chain's same-store sales in China were hurt by negative
publicity from a government review of poultry supplies there,
though same-store sales in its U.S. business improved. Shares
slipped 5.4% to $60.48 after hours as the company said it no longer
expects earnings-per-share growth this year due to continued
negative same-store sales and its expectation that it will take
time to recover consumer confidence.
Idenix said it will discontinue its clinical development program
for two of its investigational treatments for hepatitis C, after
the U.S. Food and Drug Administration said the treatments would
remain on clinical hold. Shares tumbled 19% to 21 cents after
hours.
Hemispherx said the U.S. Food and Drug Administration has
declined to approve a proposed treatment for chronic fatigue
syndrome, saying the company didn't provide sufficient safety or
efficacy data. Shares sank 7.7% to 24 cents after hours.
Celldex Therapeutics Inc. (CLDX) is offering $75 million of its
stock and net proceeds are expected to be used to fund clinical
trials of the drug manufacturer's product candidates and for
working capital and other general corporate purposes. Celldex has a
market capitalization of about $469 million. Shares fell 3.2% to
$7.18 after hours.
Enterprise Products Partners LP (EPD) said it has begun an
offering of eight million common units representing limited partner
interests. The pipeline company had about 898.8 million units
outstanding on Jan. 31. Units declined 2.9% to $54.36 after
hours.
Fidus Investment Corp. (FDUS) is offering an undisclosed number
of shares and intends to invest net proceeds in lower middle-market
companies in line with its investment objective and strategies, and
for working capital and general corporate purposes. The management
investment company had about 12 million shares outstanding as of
Feb. 1. Shares slid 2.3% to $17.59 after hours.
Hologic Inc.'s (HOLX) fiscal first-quarter earnings plunged as
the health-products company posted higher acquisition-related
charges and other items that masked strong revenue growth. Shares
were down 4.1% at $22.30 in after-hours trading as the company
projected fiscal second-quarter earnings that missed
expectations.
KCAP Financial Inc. (KCAP) is offering 3.8 million shares and
intends to use proceeds for general corporate purposes. The company
expects to have more than 30.5 million shares outstanding after the
offering closes. Shares were off 2.5% to $9.89 after the close.
Rudolph Technologies Inc.'s (RTEC) fourth-quarter income surged
on tax-related adjustments and higher revenue. But shares fell 8.3%
to $12.25 after hours as the results missed Street
expectations.
Silicon Motion Technology Corp.'s (SIMO) fourth-quarter profit
fell 35% as the semiconductor-products maker said its sales of LTE
transceivers decreased. The company's American depositary shares
fell 11% to $13.04 as results fell short of Street expectations,
and Silicon Motion gave a downbeat revenue outlook for the current
quarter.
Thor Industries Inc. (THO) expects fiscal second-quarter sales
that handily topped expectations, amid strong growth in sales of
its recreational vehicles. Shares were up 3.7% at $41.29 in
after-hours trading.
Watchlist:
Anadarko Petroleum Corp. (APC) swung to a fourth-quarter profit
compared with a prior year hit by charges tied to the 2010
Deepwater Horizon oil spill, though revenue declined as energy
prices fell.
Baidu Inc.'s (BIDU, K3SD.SG) fourth-quarter earnings rose 36% as
the Chinese Internet-search giant posted a double-digit revenue
gain.
BRE Properties Inc.'s (BRE) fourth-quarter earnings more than
doubled as the real-estate investment trust reported same-store
revenue growth and a gain on property sales.
Cigna Corp. (CI) struck a deal with Warren Buffett's Berkshire
Hathaway Inc. (BRKA, BRKB) that will transfer up to $4 billion in
obligations pegged to once-troublesome annuity operations that
Cigna began winding down more than a decade ago.
Coinstar Inc. (CSTR) said Nelson C. Chan will become chairman of
its board, succeeding Deborah Bevier in the latest leadership
change at the operator of DVD-rental kiosks.
Edwards Lifesciences Corp.'s (EW) fourth-quarter profit rose 44%
as revenue improved across the medical-device company's segments,
led by sales of transcatheter heart valves, and the period was also
boosted by a tax benefit.
A top digital executive has resigned from Finish Line Inc.
(FINL), less than two months after the athletic-goods retailer
shuttered a short-lived new website that had design issues,
resulting in about $3 million in lost sales.
General Growth Properties Inc. (GGP) swung to a fourth-quarter
profit as the mall landlord recorded a smaller accounting
adjustment for outstanding warrants in the latest period and as
revenue and a key profitability metric improved.
Gilead Sciences Inc.'s (GILD) fourth-quarter earnings rose 15%
as the biopharmaceutical company reported double-digit revenue
growth, driven mostly by strong sales of its HIV drugs.
Hartford Financial Services Group Inc. (HIG) swung to a
fourth-quarter loss as the insurer took a hit from superstorm
Sandy, but core results still managed to beat Wall Street
expectations.
ICU Medical Inc.'s (ICUI) fourth-quarter earnings fell 31% as
the medical-products company's year-earlier results were boosted by
an asset-sale gain.
A group of hedge-fund creditors sent J.C. Penney Co. (JCP) a
notice alleging the retailer violated the terms of their bonds when
it pledged inventory as collateral for a $1.5 billion credit line
last year.
Leggett & Platt Inc.'s (LEG) fourth-quarter earnings soared
as the diversified manufacturer recorded a tax benefit and margins
widened.
MagnaChip Semiconductor Corp. (MX) said some of its stockholders
plan to offer five million shares and the South Korea-based chip
manufacturer won't receive any proceeds from the sale. The selling
stockholders are funds affiliated with Avenue Capital Management II
LP, which collectively owned about 38.1% of the company's
outstanding stock as of Dec. 31. MagnaChip had more than 35.6
million shares outstanding at the end of 2012.
MDU Resources Group Inc. (MDU) swung to a fourth-quarter loss on
a write-down of its oil and natural gas properties, which offset
slightly higher operating revenue.
Fitch Ratings lowered its rating on Pitney Bowes Inc. (PBI) to
the brink of junk territory, pointing to continued revenue declines
and secular challenges facing the mail-and-document services
company.
Safeway Inc. (SWY) appointed former J.P. Morgan Chase & Co.
(JPM) executive Peter J. Bocian as executive vice president and
chief financial officer of the supermarket operator.
Tempur-Pedic International Inc. (TPX) named W. Timothy Yaggi as
its chief operating officer, a new position at the mattress
company.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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