Among the companies expected to actively trade in Thursday's
session are Burlington Stores Inc. (BURL) , ConAgra Foods Inc.
(CAG) and Guess Inc. (GES).
Burlington Stores said its fiscal fourth-quarter profit fell
6.4%, as the clothing retailer's higher expenses masked a rise in
revenue. However the company, which sells off-price branded
clothing, shoes and coats at its Burlington Coat Factory stores,
posted adjusted earnings that beat analysts' expectations. Shares
rose 4.6% to $27.10 premarket.
ConAgra Foods said its fiscal third-quarter sales surged and
profit nearly doubled on the strength of its private-label brands
business, but the packaged-food company continued to struggle
throughout much of its business as volumes continued to decline.
Earnings surpassed the company's expectations, while sales just
missed Wall Street views. Shares rose 1.9% to $30.16 premarket.
Guess said its fiscal fourth-quarter earnings slipped as the
apparel retailer faced challenging traffic trends at its North
American stores and a heavily promotional retail environment. The
company's outlook for the new fiscal year fell short of Wall
Street's expectations. Shares fell 6% to $27.05.
ExOne Co. (XONE) swung to a fourth-quarter loss as the 3-D
printer maker recorded a drop in revenue due in part to the mix of
printers sold. The quarterly results and the company's full-year
revenue outlook fell short of Wall Street's expectations. Shares
fell 11% to $38.95 premarket.
Herman Miller Inc. (MLHR) said its fiscal third-quarter earnings
rose 18% on broad sales growth and stronger margins. The
office-furniture company projected fiscal-fourth-quarter results
that were mostly higher than expectations. Shares rose 6.2% to
$30.50 premarket.
Jabil Circuit Inc. (JBL) said it swung to a loss in the fiscal
second quarter as the contract electronics manufacturer reported a
decline in revenue and significant restructuring costs. Shares rose
1.9% to $18.61 premarket.
SunEdison Inc. (SUNE) on Thursday said Samsung Fine Chemicals
Co. (004000.SE) agreed to buy $100 million of SunEdison
Semiconductor Ltd. stock concurrent with the semiconductor
division's planned initial public offering. Also under the
agreement, SunEdison will buy a 35% interest in its joint venture
with Samsung Fine Chemicals and contribute it to the newly public
semiconductor company. SunEdison shares rose 3.1% to $21.33
premarket.
Tilly's Inc.'s (TLYS) fiscal fourth-quarter profit slid 45% as
the teen retailer reported weaker sales at existing locations and
falling gross margins. The company also issued a profit outlook for
the current quarter that missed Wall Street's expectations. Shares
fell 7.8% to $11.80 premarket.
Trina Solar Ltd. (TSL, K3KD.SG) on Thursday said a favorable
settlement helped it revise its fourth-quarter earnings higher. The
Chinese solar panel maker's profit for the period had already
topped Wall Street expectations when they were announced earlier
this month. Shares rose 2.4% to $16.93 premarket.
Walter Energy (WLT) doubled the size of its five-year 9.5%
senior secured note sale to $200 million, along with the sale of
$350 million in second lien PIK toggle notes due in 2020. PIK
toggle notes give the issuer an option to pay interest with new
debt instead of cash. Walter Energy will pay off part of an
existing credit facility with the bond proceeds as it aims to
extend the maturity of its debt burden with the hope that coal
prices will rebound and return the company to profitability. Shares
fell 12% to $7.98 premarket.
Watchlist:
Clarcor Inc. (CLC) said its fiscal first-quarter sales and
profit rose as the filter-and-packaging company also raised its
earnings expectations for the year. Earnings beat Wall Street
expectations, while revenue came up short.
Eastman Kodak Co. (KODK) said its loss narrowed in the fourth
quarter, though both of the company's segments posted a decline in
net sales.
Hertz Global Holdings Inc. (HTZ) on Thursday restated some
recent financial results, citing errors related to previous
reports, according to a filing from the company.
IHS Inc. (IHS) said its fiscal first-quarter earnings jumped 31%
as the market-research provider's revenue benefited from recent
acquisitions. Adjusted profit and revenue topped analysts'
expectations.
Scholastic Corp. (SCHL) said its fiscal third-quarter loss
narrowed thanks to a favorable settlement of federal tax audits.
The company posted modest sales growth in its core book business,
but its educational and technology revenue declined amid a
sales-force integration effort.
Walt Disney Co. (DIS) and IMAX Corp. (IMAX, IMX.T) agreed to
release a handful of upcoming Disney films in IMAX theaters, with
plans to team up on several Marvel films and a Star Wars movie in
2015.
Write to John Kell at john.kell@wsj.com and Tess Stynes at
tess.stynes@wsj.com
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