By Maria Armental
Among the companies with shares expected to trade actively in
Friday's session are Groupon Inc., Sotheby's and Noodles &
Co.
Groupon Inc. (GRPN) swung to a rare profit in its latest
quarter, thanks to a gain stemming from a recent divestiture,
though the company warned current-quarter earnings would fall short
of expectations.
Southeastern chicken restaurant chain Bojangles Inc.'s (BOJA)
second-quarter profit rose slightly as the company recorded a
double-digit sales increase bolstered by price increases.
Hershey Co. (HSY) on Friday said that revenue was about flat in
the June quarter because of continuing weakness abroad and the
strengthening of the dollar. However, earnings beat Wall Street
expectations.
Sotheby's (BID) on Friday reported weaker-than-expected profits
and sales for its latest quarter as currency headwinds and the
shifting of a contemporary art sale to later in the year dented the
top line.
An investment group led by billionaire investor Carl Icahn on
Thursday disclosed an 8.18% stake in Cheniere Energy Inc. (LNG),
saying it intends to discuss operational changes with the company,
including executive compensation, and that Mr. Icanh may seek board
representation.
EOG Resources Inc. (EOG) said Thursday that its second-quarter
profit and revenue fell sharply, as the natural-gas and oil
producer continued to feel the pressure from low oil prices.
Monster Beverage Corp. (MNST) reported a sharp slowdown in
sales, blaming worse-than-expected results on disruptions as it
shifts distribution to Coca-Cola Co.
Mylan NV (MYL) on Thursday reported better-than-expected
second-quarter profit and raised its projection for the year. The
pharmaceutical company has launched a hostile bid for Perrigo
Co.
Noodles & Co. (NDLS) reported disappointing second-quarter
results and again reduced its outlook for the year as the
restaurant chain continues to struggle.
Nu Skin Enterprises Inc.'s (NUS) chief executive said the seller
of anti-aging products would return to revenue growth in the second
half of the year. On Thursday, the company reported second-quarter
profit soared on lower costs and expenses.
Nvidia Corp. (NVDA) said revenue for the July quarter was above
its projection as the graphics chip maker saw strong demand for its
GeForce GTX gaming processors, reflecting new games and growth in
e-sports.
Re/Max Holdings Inc. (RMAX) reported higher profit and revenue
in the second quarter as its agent count continued to increase.
Re/Max collects fees and dues from its network of agents.
Grocery chain Sprouts Farmers Market Inc. (SFM) on Thursday
lowered its guidance for the year, citing increased competition.
Separately, it announced its chief financial officer has been
promoted to chief executive as its longtime CEO becomes executive
chairman.
TrueCar Inc. (TRUE) founder and chief executive Scott Painter
will step down at the end of the year, the company said Thursday,
in a move that comes as the online car-buying firm faces a wave of
new legal and financial troubles. In a conference call with
analysts Thursday afternoon, Mr. Painter cited his "strained"
relationship with dealers and the firm's weak quarterly earnings as
reasons for stepping down.
Wingstop Inc.'s (WING) profit narrowed sharply in its first
reporting period following its June initial public offering on
higher costs tied to the IPO.
Zynga Inc.'s (ZNGA) second-quarter revenue rose 30%, driven by
increased spending on its slot-machine games, though the company
struggled to stem a decline in players.
Write to Maria Armental at maria.armental@wsj.com
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