Among the companies with shares expected to actively trade in
Tuesday's session are Urban Outfitters Inc. (URBN), Nordson Corp.
(NDSN) and Hampton Roads Bankshares Inc. (HMPR).
Urban Outfitters' fiscal first-quarter earnings fell 8.6% as the
apparel retailer posted weaker margins and higher overhead costs,
though same-store sales improved. Still, shares rose 3.8%, to
$27.16 in after-hours trading, as the profit beat expectations.
Nordson's fiscal second-quarter earnings slumped 20% as the
maker of dispensing equipment saw lighter organic volume and higher
expenses weaken margins. However, shares jumped 7.2% after hours to
$52.50 as the company forecast upbeat third-quarter results.
Hampton Roads Bankshares unveiled plans to raise up to $95
million through the sale of its common stock in a private placement
and a public rights offering, as the financial holding company
looks to satisfy regulatory capital requirements and raise
significant additional capital. Shares slid 16% to $2.80 after
hours as the company said its three largest shareholders have
agreed to purchase $50 million of its common stock at 70 cents a
share, a 79% discount to the stock's Monday closing price.
Standard and Poor's said it will add Alexion Pharmaceuticals
Inc. (ALXN) to the S&P 500 after the close of trading Thursday,
replacing Motorola Mobility Holdings Inc. (MMI). Alexion shares
rose 3.4% to $91.75 after hours.
Shaw Group Inc. (SHAW) said it has agreed to sell substantially
all of its energy and chemicals business to Technip SA (TEC.FR,
TKPPY) for about $300 million in cash, allowing the company to
focus on its primary industries. Due to the projected net gain from
the sale, Shaw raised its full-year earnings guidance. Shares rose
3% to $28.40 after hours
Watchlist:
Fitch Ratings upgraded CenterPoint Energy Inc. (CNP) one notch
further into investment grade, saying the energy-delivery company
has seen consistent progress in improving its financial flexibility
and in reducing borrowing.
Financial services holding company Fairfax Financial Holdings
Ltd. (FRFHF, FFH.T) said Monday it has agreed to buy Thomas Cook
Group PLC's (TCG.LN) 77% interest in Thomas Cook (India) Ltd.
(500413.BY) for about $150 million.
Georgia Gulf Corp. (GGC) said it has reinstated its quarterly
dividend after a four-year suspension, as the chemical company's
financial position strengthens.
Generac Holdings Inc. (GNRC) said it will cut the total size of
its previously proposed $1.2 billion refinancing plan and unveiled
other changes to the recapitalization plan, citing recent financing
market conditions.
Knight Transportation Inc. (KNX) said its secretary and
treasurer Adam Miller will take on the added role of chief
financial officer.
Old Republic International Corp. (ORI) said it sold a 21% common
equity interest in Republic Financial Indemnity Group Inc. to a
group of investors in a partial leveraged buyout, as the insurer
looks to recapitalize its businesses.
RailAmerica Inc. (RA) said it will redeem $74 million of the
railroad company's remaining 9.25% senior secured notes due in
2017.
STAG Industrial Inc. (STAG) said it plans to offer 7.3 million
shares of company stock, looking to use the proceeds to fund
acquisitions, repay debt and for general working capital.
Standard & Poor's Ratings Services lowered its outlook on
The Washington Post Co. (WPO) to negative from stable on
expectations that operating performance at the media company's
higher-education unit will remain depressed over the
near-to-intermediate term.
-Edited by Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com