Among the companies with shares expected to actively trade in
Friday's session are Research in Motion Ltd. (RIMM, RIM.T), Nike
Inc. (NKE) and Smith & Wesson Holding Corp. (SWHC).
Research in Motion reported its first quarterly operating loss
in more than seven years as the BlackBerry-maker suffered another
quarter of falling device sales. The company also announced plans
to cut 5,000 jobs by the end of the fiscal year, about one third of
its workforce, and said it will delay the release of its newest
BlackBerry until after the crucial holiday season. Shares sank 14%
to $7.86 after hours.
Athletic-goods giant Nike, which reported fiscal fourth-quarter
results that missed Wall Street's expectations, says it will remain
pressured by an uncertain global economy and fluctuating costs,
while warning of slower growth in China. Nike reported earnings
dropped 7.6% as weaker gross margins and higher marketing costs
tied to product launches and two key global sporting events more
than offset solid revenue growth across all global markets. Shares
slipped 13% to $84.75 after hours.
Smith & Wesson's fourth-quarter earnings surged as the gun
maker saw sales volume continue to grow and operating expenses
declined. Shares jumped 13% after hours to $7.78 as the company
beat quarterly expectations and projected upbeat full-year and
first-quarter results.
Ford Motor Co.(F) on Thursday warned it expects to lose roughly
$570 million in its overseas operations in the second quarter,
largely as a result of the slumping economy in Europe, and to see a
decline in its overall profit compared to the second quarter of
2011. Shares slid 2.9% to $9.80 after hours.
Fushi Copperweld Inc. (FSIN) said Thursday it will be taken
private by its chairman and co-chief executive Li Fu and
private-equity firm Abax Global Capital (Hong Kong) Ltd. for $9.50
a share, an increase from an offer made in November. The offer
represents a 21% premium to the stock's closing price Thursday.
Shares jumped 12% to $8.80 after hours.
Team Health Holding Inc. (TMH) said its top stockholder and
three company leaders plan to sell 8 million shares of the
urgent-care company's stock. Shares were off 8% to $23.83 after
hours.
Watchlist:
Accenture PLC's (ACN) fiscal third-quarter earnings rose 9.8% as
the consulting firm amid broad-based revenue growth, particularly
in its outsourcing business. Shares rose 3% to $58.34 in
after-hours trading as earnings topped expectations.
Apple Inc. (AAPL) has tapped Dan Riccio as senior vice president
of hardware engineering, replacing Bob Mansfield, who is
retiring.
AZZ Inc.'s (AZZ) fiscal first-quarter earnings jumped 69% as the
electrical and industrial products manufacturer posted continued
strength in revenue from its galvanizing-services segment.
EXFO Inc. (EXFO) swung to a fiscal third-quarter loss as the
maker of telecommunications testing equipment saw revenue and
bookings fall sharply amid a shaky global economy and constrained
capital spending.
Pipeline operator Holly Energy Partners L.P. (HEP) has agreed to
acquire HollyFrontier Corp.'s (HFC) 75% stake in UNEV Pipeline LLC
for $315 million, allowing Holly Energy to continue its growth in
tariff-based revenues and HollyFrontier to focus on its core
operations, the companies said.
Jaguar Mining Inc. (JAG, JAG.T) disclosed its former president
and chief executive Daniel Titcomb has sued the Brazilian gold
producer and three directors over the termination of his employment
in December.
Fitch Ratings raised its outlook on M&T Bank Corp. (MTB) to
stable from negative, citing the company's "consistently sound
financial performance during a difficult operating
environment."
New York & Co. Inc. (NWY) has tapped former Ann Taylor Corp.
executive Laura Weil as chief operating officer.
Tibco Software Inc.'s (TIBX) fiscal second-quarter profit
increased 26% as the software provider posted double-digit sales
gains in both of its main businesses and improved margins. Results
topped the company's expectations.
ValueClick Inc. (VCLK) said it expects second-quarter revenue to
be at the high end of its previous estimates, noting strong growth
from its media segment, and also added $100 million to its
share-repurchase program.
Walter Energy Inc. (WLT) said it expects "solid" metallurgical
coal production for the second quarter, but revenue and income will
be hurt by lower prices across the industry.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com