Among the companies with shares expected to actively trade in
Thursday's session are NuVasive Inc. (NUVA), Avery Dennison Corp.
(AVY) and HMS Holdings Corp. (HMSY).
NuVasive cut its third-quarter revenue guidance as the
medical-device company said it experienced unusually high account
churn due to the growth of surgeon participation in physician-owned
distributorships and to increasingly aggressive competitive
tactics. Shares plummeted 26% to $16.52 after hours.
Manufacturer 3M Co. (MMM) and Avery Dennison have scuttled a
deal under which 3M would have bought Dennison's office and
consumer products business. Avery Dennison shares sank 5.1% to
$29.85 after hours.
HMS cut its full-year guidance as the health-care data processor
said it is seeing lower-than-expected growth related to its
benefits-coordination business along with other delays. Shares
slipped 7.7% to $29.75 after hours.
Boardwalk Pipeline Partners LP (BWP) plans to offer 10 million
common units representing limited partner interests to raise funds
to repay debt as well as for other general partnership purposes.
The oil-and-gas transporter had 184.9 million common units
outstanding as of July 31. Units slipped 4.6% to $26.75 after
hours.
CollabRX Inc. (CLRX) unveiled a multiyear partnership with Life
Technologies Corp. (LIFE) in which the data analytics company's
technology will be paired with Life Technologies' cancer panels.
CollabRX's shares surged 52% to $5.76 after hours.
Meanwhile, Starwood Property Trust Inc. (STWD) said an upsized
offering of 16 million shares priced at $23.63, its Wednesday
closing price. The real-estate investment trust had earlier said it
was offering 14.5 million shares. Starwood had 116.7 million shares
outstanding as of Aug. 6. Shares fell by 2% to $23.15 after
hours.
Watchlist:
Allied World Assurance Co. Holdings Ltd. (AWH) expects to post
third-quarter loss expenses related to a severe drought in the
Midwest and impacts from Hurricane Issac.
Applied Materials Inc.'s (AMAT) expects to reduce its global
workforce by 6% to 9% as the company aims to realign its
organization to increase its ability to invest in growth
initiatives.
Fitch Ratings upgraded CF Industries Holdings Inc.'s (CF)
investment-grade ratings by a notch, citing strong demand for the
fertilizer producer's nitrogen-based products.
The Federal Agricultural Mortgage Corp. (AGM, AGMA) commonly
known as Farmer Mac, has promoted its finance chief Timothy L.
Buzby to lead the company, replacing chief executive Michael
Gerber.
Marriott International Inc. (MAR) swung to a third-quarter
profit as the industry bellwether continued to report strength in
its North American hotels, and daily rates rose.
Two ratings agencies, Standard & Poor's Ratings Service and
Moody's Investors Service, placed their ratings of MetroPCS
Communications Inc. (PCS) on review for an upgrade, after the
company unveiled plans to merge with Deutsche Telekom AG's (DTEGY,
DTE.XE) T-Mobile USA.
Standard & Poor's Ratings Service has lifted Pall Corp.
(PLL) rating a notch, noting that the maker of filtration and
purification products has a cautious financial policy.
Ralcorp Holdings Inc. (RAH) has named Keith Meister to its
board, a move that comes as the former lieutenant of billionaire
activist Carl Icahn has been pushing for change at the food
maker.
Moody's Investors Service has placed its long-term ratings on
Regions Financial Corp. (RF) and Zions Bancorp (ZION) on review for
a possible upgrade, pointing to the regional banks' progress in
reducing their asset concentrations.
Visteon Corp. (VC) said its chief financial officer, Martin E.
Welch III, has stepped down from his post after a year on the job,
a move that comes two days after the auto-parts maker named a new
chief executive.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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