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 said it will
delay the release of its newest BlackBerry until after the crucial
holiday season and disclosed plans to cut 5,000 jobs by the end of
the fiscal year. Shares slumped 17% to $7.63 in premarket trade
Friday.
Athletic-goods giant Nike reported fiscal fourth-quarter results
that missed Wall Street's expectations and said it will remain
pressured by an uncertain global economy and fluctuating costs.
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 were down 12% to $85.72 in premarket
trade.
Smith & Wesson's fourth-quarter earnings surged as the gun
maker saw sales volume continue to grow and operating expenses
declined. Shares climbed 17% premarket to $8.09 as results topped
Wall Street expectations and the company projected upbeat full-year
and first-quarter results.
Constellation Brands Inc.'s (STZ) fiscal first-quarter earnings
fell 3.4% as the alcoholic beverage maker saw higher interest
expense and a loss on the write-off of financing costs. Revenue
missed expectations, but shares were up 14% to $24.80 in recent
premarket trading as Constellation said it would buy the remaining
50% stake of Crown Imports LLC, its joint venture with Mexican
brewer Grupo Modelo SAB de CV (GPMCY, GMODELO.MX), for $1.85
billion from Anheuser-Busch InBev (ABI.BT, BUD).
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 $8.81 premarket.
KB Home (KBH) narrowed its fiscal second-quarter loss as the
home builder reported increased deliveries and orders as well as a
strong backlog, overshadowing a slightly higher cancellation rate.
Shares climbed 10% to $9.60 in premarket trade. Results for the
quarter topped Wall Street expectations.
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.
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.
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 with the second quarter of
2011.
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.
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.
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 Mia Lamar at mia.lamar@dowjones.com