Among the companies with shares expected to actively trade in
Thursday's session are Guess Inc. (GES), Hewlett-Packard Co. (HPQ)
and Hain Group Inc. (HAIN).
Guess's fiscal second-quarter income fell 29% as the apparel
maker saw continued weakness in Europe and lower sales in North
America overshadow significant growth in its Asian operations.
Shares plummeted 16% after hours to $28.09 after the company
predicted weak third-quarter results and again lowered its
full-year guidance.
Hewlett-Packard reported the worst-ever loss in its 73-year
history as the technology giant's ongoing struggles were compounded
by a big writedown. The world's largest PC maker by volume also
reported a decline in revenue and now sees full-year adjusted
earnings at the low end of its prior guidance. Shares fell 4.8% to
$18.28 after hours.
Hain Celestial has agreed to acquire Premier Foods PLC's (PFD)
portfolio of packaged grocery brands for 200 million pounds
sterling ($317.6 million) in cash and stock as the natural- and
organic-products company looks to expand in the U.K. and also
reported its fiscal fourth-quarter profit rose 82%. Shares jumped
11% to $62.94 after hours as the company also offered upbeat
earnings guidance for the new fiscal year.
International Rectifier Corp. (IRF) swung to a fiscal
fourth-quarter loss as demand continues to erode, and the chip
maker unveiled a restructuring plan, which will include closing a
plant in California. Shares fell 8% after hours to $17.
Semtech Corp.'s (SMTC) fiscal second-quarter earnings fell 63%
on acquisition-related inventory adjustments and other items as the
chipmaker's revenue strengthened with an added boost from a recent
acquisition. Shares fell 3.3% to $23.95 in after-hours trading as
the company gave a fiscal third-quarter outlook that missed
analysts' expectations.
DFC Global Corp. (DLLR) swung to a fiscal fourth-quarter loss as
an impairment charge weighed on the payday lender and pawnbroker's
bottom-line results, while revenue grew less than expected. Shares
fell 9.6% to $18after hours as the company issued guidance for the
new year mostly below analyst expectations.
Swedish telecommunications gear vendor Ericsson (ERIC) has
agreed to sell its fiber-access assets to U.S. broadband-equipment
supplier Calix Inc. (CALX). Terms of the deal, which is expected to
close in the fourth quarter, weren't disclosed. Calix shares jumped
8.7% to $5.75 after hours.
Kayak Software Corp.'s (KYAK) second-quarter profit nearly
doubled as the travel website reported that revenue and total
queries jumped, particularly in its mobile applications. But shares
fell 4.1% after hours to $29.55 as earnings missed Street
expectations.
Pacific Sunwear of California Inc.'s (PSUN) fiscal
second-quarter loss narrowed as the teen-focused retailer reported
stronger sales, led by its men's segment, as well as improved
margins. Shares rose 9.2% to $2.37 after hours as revenue topped
expectations.
Whitestone REIT (WSR) said it plans to sell 4 million shares to
raise fudns for general purposes. Shares slid 3.7% to $12.85 after
hours.
Watchlist:
Aeropostale Inc. (ARO) appointed former bebe Stores Inc. (BEBE)
president Emilia Fabricant to take charge of design, merchandising
and production for its Aeropostale brand.
Focus Media Holding Ltd.'s (FMCN) second-quarter earnings rose
38% as the Chinese digital-advertising company recorded strong
revenue gains in its LCD display and poster frame segments.
Heico Corp.'s (HEI) fiscal third-quarter profit rose 13% as the
aircraft parts and repair company recorded stronger sales from its
electronic-technologies business.
Krispy Kreme Doughnuts Inc.'s (KKD) fiscal second-quarter
earnings fell 44% as its year-ago period was boosted by an equity
sale, though the doughnut chain's core earnings and domestic
same-store sales improved.
Quality Systems Inc. (QSII) has elected two directors nominated
by dissident board member Ahmed Hussein, and seven of the eight
nominees named by the company, amid a long-running proxy
battle.
Technology licensing firm Rambus Inc. (RMBS) said it plans to
cut about 15% of its work force amid a restructuring effort
expected to save the company about $30 million to $35 million
annually.
Raymond James Financial Inc.'s (RJF) client assets under
administration rose to a record $379 billion last month, but the
company noted trading volumes in both the equity and fixed income
markets were weak last month.
Synopsys Inc.'s (SNPS) fiscal third-quarter profit rose 45% as
the provider of chip-design software continued to benefit from
competition among chip makers, and also recorded a tax gain.
Ulta Salon Cosmetics & Fragrance Inc. (ULTA) named former
Yankee Candle Co. (YCC) executive and retail veteran Bruce L.
Hartman as its new chief financial officer, starting Sept. 7.
Hedge-fund manager Clinton Group Inc. said it will solicit
approval from fellow Wet Seal Inc. (WTSLA) shareholders to try
replacing four company board members and filling one board vacancy,
saying the new team would help improve merchandising and operations
and pursue a strategic transaction for the business.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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