Among the companies with shares expected to actively trade in
Tuesday's session are Michael Kors Holdings Ltd. (KORS), Juniper
Networks Inc. (JNPR) and Seagate Technology Ltd. (STX).
Michael Kors' fiscal fourth-quarter earnings more than doubled
on broad-based sales increases across its retail, wholesale and
licensing segments. The results beat company expectations, and
Michael Kors issued guidance that topped Wall Street views, pushing
shares to jump 13% in premarket trading to $43.10.
Juniper Networks unveiled plans to repurchase up to $1 billion
of the company's stock. Shares were up 2.1% to $16.75
premarket.
Seagate Technology's shares rose 2.4% to $23.09 premarket after
David Einhorn disclosed in a regulatory filing a combined 5.4%
stake in the company, riding on gains his funds made from Seagate
in the first quarter. Einhorn's Greenlight Capital earlier
disclosed a 3.4% stake in the hard-disk drive maker by the end of
March.
FactSet Research Systems Inc.'s (FDS) fiscal third-quarter
earnings rose 11% as the data services provider for the first time
passed the $200 million-mark in quarterly revenue. But shares fell
4.4% to $100 premarket as the company gave a somewhat downbeat
outlook for fourth-quarter revenue.
Shanda Games Ltd.'s (GAME) first-quarter earnings rose 7.6% as
the Chinese game developer's revenue continued to grow and as
margins strengthened. Shares rose 3.7% to $4.20 premarket as
earnings beat analyst expectations.
Aegis Capital initiated coverage on Amarin Corp. (AMRN) with a
stock-investment rating of buy and a 12-month price target of $25 a
share, citing what it calls the "compelling efficacy" for the
biotech company's lead drug candidate, a heart drug derived from
fish oil. Aegis notes the drug's ability to not only lower high
levels of triglycerides but also lower LDL levels, commonly called
bad cholesterol, gives it an advantage over current omega-3 fatty
acid-derived drug currently on the market for heart issues, Lovaza.
Shares of Amarin rose 2.2% to $11.55 premarket.
Omnicell Inc. (OMCL) raised its fiscal-year guidance to reflect
its May acquisition of MTS Medication Technologies. Shares of the
company, which offers supply management and business analytics
systems for health care providers, rose 4.4% to $14.40 in light
premarket trading.
Watchlist:
Agrium Inc. (AGU) said it expects its earnings for the first
half of the year to be at or near the top-end of its expectations,
pointing to strong results across its crop-input business.
Online jeweler Blue Nile Inc. (NILE) said it hired Julie Yoakum
as its newly titled chief merchandising officer, replacing Senior
Vice President Susan Bell, who is retiring this month.
BioMed Realty Trust Inc. (BMR) has agreed to acquire Granta
Park, a life-science research park in Cambridge, England, for
approximately 126.8 million pounds, or $196 million, as the
real-estate investment trust continues to grow its portfolio in
large research markets.
DynaVox Inc. (DVOX) has promoted its operating chief, Michelle
Heying, to chief executive officer, effective immediately.
Finisar Corp. (FNSR)'s fiscal fourth-quarter earnings fell 20%
as the telcommunications-equipment provider was hurt by weaker
margins and as weak telecom revenue offset improvement in its
data-communications business.
Majesco Entertainment Co.'s (COOL) fiscal second-quarter
earnings rose 30% as the videogame maker saw its bottom line
benefit from fewer charges related to warrants, though revenue and
margins declined. The company also lowered its full-year earnings
estimates.
Sigma Designs Inc. (SIGM) said it has terminated its
shareholder-rights plan and decided to separate the roles of
chairman and chief executive.
Stage Stores Inc.'s (SSI) board approved an 11% increase in the
department-store operator's quarterly dividend.
Texas Instruments Inc. (TXN) narrowed its second-quarter
guidance around its prior midpoint--the first time in about a year
the company has done so as business rebounds from its recent
lows.
United Technologies Corp. (UTX) is offering $1 billion of equity
units, as the industrial conglomerate raises funds for its pending
$16.5 billion takeover of aerospace-parts maker Goodrich Corp.
(GR).
-Write to Corrie Driebusch or Nathalie Tadena at
corrie.driebusch@dowjones.com