Among the companies with shares expected to actively trade in
Thursday's session are Finisar Corp. (FNSR), SandRidge Energy Inc.
(SD) and Ebix Inc. (EBIX).
Finisar's fiscal fourth-quarter earnings fell 78% amid bigger
acquisition-related write-downs and charges masking the
telecommunication-equipment provider's modest revenue and margin
growth from a year earlier. However, shares were up 12% at $16.30
in after-hours trading as adjusted earnings topped expectations and
the company's earnings guidance for the current fiscal quarter
topped Wall Street estimates. Shares of competitor JDS Uniphase
Corp. (JDSU) rose 2.6% to $14.65 after hours.
SandRidge founder Tom Ward was ousted as the oil and gas
producer's chief executive and chairman, and will take one of the
biggest severance packages seen in the energy industry--about $90
million, the company. Shares jumped 4.7% to $5.32 after hours.
Ebix and an affiliate of Goldman Sachs Group Inc. (GS) have
agreed to terminate their planned merger after a U.S. Attorney's
office opened an investigation into allegations of intentional
misconduct at the financial software firm. Shares of Ebix, which
provides software and e-commerce services to the insurance and
financial industries, plummeted 25% to $14.80 after hours.
Home Loan Servicing Solutions Ltd. (HLSS) said it plans to offer
12.5 million of its shares and will use proceeds to acquire
mortgage-servicing assets from Ocwen Loan Servicing LLC. The
company, which owns mortgage-servicing assets, had 56.9 million
shares outstanding as of April 18. Shares slipped 2.1% to $23.79
after hours.
Red Hat Inc.'s (RHT) fiscal first-quarter profit rose 7.8% as
the software company recorded double-digit subscription revenue
growth, though expenses also increased. Shares rose 3.4% to $47.80
after hours as results topped the company's expectations.
Steelcase Inc.'s (SCS) fiscal first-quarter earnings were flat
as the office-furniture maker managed to balance out lower revenue
by trimming costs. However, shares declined 4.2% to $14.52 after
hours as the company offered current-quarter per-share earnings
guidance below analysts' expectations.
In a deal that could help bring three-dimensional printing to
the masses, industry leader Stratasys Ltd. (SSYS) said it signed an
agreement to acquire upstart MakerBot Industries LLC. Stratasys
said it would issue about $403 million in stock, based on
Wednesday's closing price of $84.60 a share, in exchange for all of
privately held MakerBot. Shares were up 2.8% to $87 after
hours.
Watchlist:
Ashford Hospitality Trust (AHT) has commenced an offering of 11
million shares as the company looks to raise funds for the spinoff
of its 80% ownership in an eight-hotel portfolio as a new company
called Ashford Hospitality Prime Inc. The lodging industry
real-estate investment trust had 68.3 million shares outstanding as
of May 8.
Clarcor Inc.'s (CLC) fiscal second-quarter earnings rose 0.4% as
the filter-and-packaging company recorded modest revenue
growth.
Five Below Inc. (FIVE) said shareholders, including members of
the company's management team and board, have launched an offering
of about 8.6 million shares. The discount retailer had 54 million
shares outstanding as of June 11.
Micron Technology Inc. (MU) swung to a better-than-expected
fiscal third-quarter profit as the chip maker's revenue and margins
improved, though restructuring and asset impairments grew
sharply.
Microsoft Corp. (MSFT) was recently in advanced discussions with
Nokia Corp. (NOK, NOK1V.HE) about a purchase of the Finnish
company's device business, The Wall Street Journal reported citing
people familiar with the matter, in a marriage that could have
reshaped the mobile-phone industry. The talks have faltered, they
said.
PetroQuest Energy Inc. (PQ) has agreed to acquire certain
shallow water producing properties in the Gulf of Mexico for about
$193 million in cash, in a deal that will add to the oil and gas
company's daily production and cash flow.
Progenics Pharmaceuticals Inc. (PGNX) unveiled plans to offer
common stock, but didn't detail how many shares it would sell. The
drug developer had 51 million shares outstanding as of May 7.
Raymond James Financial Inc.'s (RJF) assets under administration
rose to a record of $412.7 billion in May as the regional broker
also noted that commissions increased in its equity capital markets
and private client group.
Repros Therapeutics Inc.'s (RPRX) upsized offering of 3.75
million shares priced at $19 a piece, a 1% discount to the drug
manufacturer's Wednesday closing price.
Vitesse Semiconductor Corp. (VTSS) said its offering of 16.3
million shares priced at $2.15 a share, a 5.3% discount to the chip
maker's closing price on Wednesday.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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