Among the companies with shares expected to actively trade in
Friday's session are Analogic Corp. (ALOG), Werner Enterprises Inc.
(WERN) and Neuralstem Inc. (CUR).
Analogic's fiscal fourth-quarter earnings more than doubled,
easily topping market expectations, as ultrasound and
security-technology sales continued to show strength. Shares jumped
12% to $77.75 premarket.
Werner forecast fiscal third-quarter earnings below analyst
expectations, noting its costs are rising faster than its revenue
per mile. The outlook led to several downgrades from analysts,
including those at Wells Fargo, which cited cost pressures last
week in cutting its EPS target after meeting with management. But
the reduction was "clearly not enough" in light of Thursday's
announcement, the investment bank admitted as it downgraded Werner
to market perform. The trucking company's shares sank 13% to $20.60
premarket.
Neuralstem plans to offer an undisclosed number of shares as it
seeks to raise funds for general purposes, including research and
development, working capital, capital expenditures and clinical
trials. The biotechnology company had 54.1 million shares
outstanding as of July 31. Shares were down 17% to $1.15
premarket.
Silver and gold miner Golden Minerals Co. (AUMN, AUM.T) said it
is selling 5.5 million units--comprised of one share of common
stock and a five year warrant to acquire half of a share of common
stock at an exercise price of $8.42--at a price of $5.75 per unit,
for gross proceeds of $31.6 million. The company had 35.7 million
shares outstanding as of Aug. 3. Shares were down 15% to $5.99
premarket.
Spirit Airlines Inc. (SAVE) is cut to market perform from
outperform by Raymond James, which cites weakness in some booking
channels causing unit revenue for the low-cost U.S. carrier to
track lower than expectations. "This is the fourth quarter in a row
where we and the Street have overestimated Spirit's profitability
and earnings predictability, and it appears that the business may
not have the margin expansion opportunity we had previously
anticipated," the firm said in a note to clients. Shares fell 4.3%
to $18.82 premarket.
RealPage Inc. (RP) said certain shareholders are offering four
million shares of the software company's stock. RealPage had about
73.7 million shares outstanding at the end of June. Shares dropped
3.9% to $25.01 in premarket trading.
Health insurer UnitedHealth Group Inc. (UNH) will replace food
giant Kraft Foods Inc. (KFT) in the Dow Jones Industrial Index
after trading closes Sept. 21. UnitedHealth shares rose 2.5% to
$55.25 premarket, while Kraft fell 0.6% to $39.91.
Watchlist:
CompuCredit Holdings Corp. (CCRT) said its offer to buy back as
much as 8.25 million of its shares at a significant premium was
oversubscribed.
Covidien PLC (COV) projected annual sales to grow between 3% and
6% in its upcoming fiscal year and said plans to spin off its
pharmaceuticals business into a standalone public company were on
track.
Delphi Automotive PLC (DLPH) authorized $750 million in share
repurchases, as the auto-parts maker looks to increase shareholder
returns.
Semiconductor company RDA Microelectronics Inc.'s (RDA) board
declared its first special dividend, citing a strong balance sheet
and revenue growth.
Syswin Inc.'s (SYSW) board has set up a special committee to
evaluate the chief executive's proposal to take the Chinese
real-estate company private.
Textainer Group Holdings Ltd. (TGH) said an offering of 7.5
million common shares priced at a 1.6% discount to Thursday's
closing price.
Valeant Pharmaceuticals International Inc. (VRX) said its
president, Rajiv De Silva, will be leaving the company after the
close of its acquisition of Medicis Pharmaceutical Corp. (MRX) to
pursue other interests.
WageWorks Inc. (WAGE) and certain shareholders are offering a
total of around $100 million of WageWorks shares. The company
recently had a market capitalization of roughly $460 million,
according to FactSet.
Hard-disk-drive maker Western Digital Corp. (WDC) cut its
revenue outlook for the fiscal first quarter, while at the same
time initiating a quarterly dividend and boosting its share buyback
authorization by $1.5 billion.
Write to Anna Prior at anna.prior@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires