Among the companies with shares expected to actively trade in
Friday's session are Restoration Hardware Holdings Inc. (RH) and
Smith & Wesson Holding Corp. (SWHC) and Casey's General Stores
Inc. (CASY).
Restoration Hardware's fiscal first-quarter loss narrowed
sharply amid continued strong-comparable-store sales growth as the
home-goods retailer also named Williams-Sonoma Inc. (WSM) executive
Richard Harvey as its new chief merchandising officer of a new
kitchen and tableware segment. Shares were up 10% at $65.12 in
after-hours trading as the company raised its fiscal-year outlook
and provided guidance for the current fiscal quarter that topped
expectations.
Gun maker Smith & Wesson expects fiscal fourth-quarter
earnings and revenue to exceed its previous expectations. Shares
jumped 4.7% in after-hours trading to $9.74.
Casey's fiscal fourth-quarter profit edged up 0.9% as the
convenience-store operator's stronger revenue helped offset higher
costs. However, shares fell 2.1% after hours to $61.98 after the
company missed market estimates.
Generac Holdings Inc. (GNRC) said funds affiliated with its
largest shareholder CCMP Capital are selling 6.5 million of the
company's shares. Generac, which designs and manufactures
generators, had 68.4 million shares outstanding as of May 1. Shares
slipped 2.4% to $34.77 after hours.
An Ocwen Financial Corp. (OCN) unit has agreed to buy about $78
billion in unpaid principal balance of mortgage servicing rights,
or MSRs, and related servicing advance receivables from OneWest
Bank, the company said in a regulatory filing. Shares were up 3.5%
to $47.35 after hours.
Watchlist:
Pharmaceutical company Cempra Inc. (CEMP) unveiled plans to
offer an unspecified number of shares of common stock. The company
had 24.9 million shares outstanding as of April 18.
Eli Lilly & Co. (LLY) terminated a midstage clinical trial
of an experimental Alzheimer's disease drug after four patients had
abnormal liver biochemical tests, the drug maker said.
Franklin Resources Inc. (BEN) said Chief Executive Gregory E.
Johnson will take on the added role of chairman and also unveiled a
three-for-one stock split, a move to boost the mutual-fund
company's shareholder value.
SLM Corp. (SLM) has sold its residual interest in three
federally guaranteed student loan trusts, a move that will boost
its second-quarter results.
Moody's Investors Service has lowered its outlook for Teva
Pharmaceutical Industries Ltd. (TEVA) to negative from stable,
after the generic-drug manufacturer agreed to pay $1.6 billion to
settle a patent-infringement case with Pfizer Inc. (PFE).
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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