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 Uroplasty Inc.
(UPI).
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 chief merchandising officer of a new kitchen
and tableware segment. Shares were up 12% at $66.20 in premarket
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 5.5% in premarket trading to $9.81.
Medical device company Uroplasty said it will delay the filing
of its 2013 annual report until a review of internal controls of
its financial reporting is completed, while also placing its Chief
Financial Officer Mahedi Jiwani on administrative leave until this
happens. Shares fell 20% to $1.98 premarket.
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 2.6% to $34.70 premarket.
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. Shares fell 12%
to $7.15 premarket.
Watchlist:
Casey's General Stores Inc.'s (CASY) fiscal fourth-quarter
profit edged up 0.9% as the convenience-store operator's stronger
revenue helped offset higher costs. However, the company missed
market estimates.
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.
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.
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 Anna Prior at anna.prior@dowjones.com
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