Among the companies with shares expected to actively trade in
Wednesday's session are EMC Corp. (EMC), VMWare Inc. (VMW) and Rovi
Corp. (ROVI).
EMC Corp. (EMC) moved forward its succession plans for Chief
Executive Joe Tucci by naming a top executive to run VMware Inc.
(VMW), a company it controls, as both companies gave strong
preliminary revenue views for the second quarter. EMC shares jumped
6.8% to $24.48 after hours while VMware shares were up 8% to
$86.69.
Rovi Corp. (ROVI) projected fiscal second-quarter earnings below
analyst expectations on weaker revenue from its consumer
electronics business, as the entertainment data and technology
company also cut its full-year view, citing delays in adding new
patent licensees and the launches of certain products. Shares sank
25% to $13.30 after hours.
Amicus Therapeutics Inc. (FOLD) and GlaxoSmithKline PLC (GSK,
GSK.LN) said they are expanding their collaboration to develop a
treatment for Fabry disease, with Glaxo agreeing to buy a larger
stake in the smaller pharmaceutical company. Shares of Amicus
Therapeutics jumped 8.8% to $6.55 after hours.
Horizon Technology Finance Corp. (HRZN) will offer about 1.7
million shares of its common stock as the business-development
company looks to repay debt. Shares were off 4.3% to $16.12 after
hours.
Sally Beauty Holdings Inc. (SBH) said its largest
shareholder--private equity firm Clayton, Dubilier & Rice
LLC--plans to sell its stake by offering 23.1 million shares of the
seller and distributor of professional beauty supplies. Shares of
the company slid 9.1% to $24.62 after hours as it also reported
preliminary third-quarter revenue that missed analyst
expectations.
SS&C Technologies Holdings Inc. (SSNC) said its largest
stakeholder, private-equity firm Carlyle Group LP (CG), will offer
7 million shares of the financial-software company's common stock,
about 9% of total shares outstanding. Shares fell 4.9% to $24.68
after hours.
Watchlist:
AAR Corp.'s (AIR) fiscal fourth-quarter earnings fell 40% as the
aircraft leasing and maintenance company logged heavy charges,
resulting from restructuring and an adjustment to a defense
contract.
Albemarle Corp.'s (ALB) second-quarter earnings slipped 67% as
restructuring charges weighed on the specialty chemicals maker's
bottom-line results and as revenue grew less than expected.
American Capital Agency Corp. (AGNC) said it plans to offer 32
million shares to raise funds to acquire additional agency
securities and for general corporate purposes.
American Safety Insurance Holdings Ltd. (ASI) sees
second-quarter earnings falling far short of Wall Street
expectations, as the reinsurer expects charges resulting from U.S.
hail storms.
Books-A-Million Inc. (BAMM) said that the retailer's chairman
and his family have withdrawn their contentious bid to buy out the
company.
CareFusion Corp. (CFN) issued another urgent recall on its EnVe
ventilators last month, citing a potential leak in the patient
breathing circuit or the system.
CSX Corp. (CSX) reported a 1.2% uptick in second-quarter
earnings despite a big drop in the volume of coal the railroad
hauled to electric utilities, as expense controls and higher
shipments of automobiles and containerized freight buoyed
results.
DirecTV Group Inc. (DTV) said it is getting closer to an
agreement with Viacom Inc. (VIA, VIAB) and said it keeps asking the
operator of cable-television channels to return its networks as
details are finalized.
FIS Inc.'s (FIS) second-quarter earnings rose 22% as the
payment- and bank-processing services company posted stronger
revenue, led by growth in its financial segment. Adjusted earnings
topped expectations.
Harte-Hanks Inc. (HHS) projected second-quarter earnings and
revenue below analyst expectations, noting weaker direct marketing
revenue from its high tech, pharmaceutical and financial services
customers.
Intel Corp. (INTC) cut its full-year guidance and provided a
soft outlook for the current period as a tough economic environment
and consumer caution weigh on PC sales.
Moody's Investors Service lowered Kinder Morgan Inc. (KMI) a
notch further into junk territory, based on its recent acquisition
of El Paso Corp.
The U.S. Food and Drug Administration approved Vivus Inc.'s
(VVUS) weight-loss drug Qsymia Tuesday, marking the second approval
of a new weight loss drug in less than a month.
Wynn Resorts Ltd.'s (WYNN) second-quarter profit rose 13% but
the casino operator's results fell short of analyst
expectations.
Yahoo Inc.'s (YHOO) second-quarter income shrank 4.4% as the
online media company saw restructuring charges weigh down its
results, though contributions from its Asian assets continued to
grow.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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