Among the companies with shares expected to actively trade in
Wednesday's session are Nabors International Ltd. (NBR), Nu Skin
Enterprises Inc. (NUS) and Cliffs Natural Resources Inc. (CLF).
Nabors said it expects that its second-quarter operating income
will miss consensus estimates mostly on shortfalls in the
oil-and-gas drilling contractor's rig-services segment and
completion and production services business. Shares fell 3.8% to
$15.40 in premarket trading.
Nu Skin raised its profit and revenue outlook for the second
quarter and the full year, as the vendor of anti-aging skin-care
products said it is logging gains in China and the Americas. Shares
jumped 12% to $74.56 premarket.
Cliffs Natural Resources said President and CEO Joseph Carrabba
plans to retire by the end of the year, following a roughly
seven-year term leading the mining company. Cowen, in a note to
clients, called Mr. Carrabba's impending retirement "a necessary
transition." Amid heavy short interest, shares rose 5.4% to $17.27
premarket.
Kayne Anderson MLP Investment Co. (KYN) has launched an offering
of about 5.8 million shares as the company looks to raise funds for
additional portfolio investments and for general corporate
purposes. As of Feb. 28, the investment company had 88.6 million
shares outstanding. Shares slipped 5.2% to $35.64 premarket.
MSC Industrial Direct Co.'s (MSM) fiscal third-quarter earnings
dropped 11% as the industrial and maintenance-products distributor
booked increased costs that outweighed higher revenue. The results
beat the company's downbeat guidance, but it offered another soft
view for the current quarters. Shares slipped 2% to $78.30
premarket.
Tribune Co. (TRBAA) on Wednesday said it will spin off its
publishing business from its broadcast arm, forming two separate
companies as the media company aims to shift its focus to its TV
operations in a bid to maximize profits. Shares rose 2.5% to $63.25
premarket.
Watchlist:
American Airlines parent AMR Corp. (AAMRQ) said passenger
revenue per available seat mile--a key industry measure of
performance--rose 1.7% in June to reach a record high for any
month.
American International Group Inc. (AIG) and General Electric Co.
(GE) unit GE Capital Corp. could pose a broader risk to the U.S.
economy if they were to falter, U.S. regulators said Tuesday in
designating the two firms as "systemically important."
Chubb Corp. (CB) expects catastrophe losses of $240 million in
the second quarter, after a string of violent storms swept through
the central U.S.
Moody's Investors Service placed its rating on Duke Energy Corp.
(DUK) on review for a possible upgrade, citing the resolution of
several uncertainties that had faced the giant utility company over
the past year.
Fly Leasing Ltd. (FLY) said that it intends to offer and sell up
to $160 million in American depositary shares with proceeds
expected to be used for general corporate purposes, including the
acquisition of aircraft. The Dublin-based lessor of modern
commercial jet aircraft recently had a market capitalization of
$486.3 million, according to FactSet.
Helen of Troy Corp.'s (HELE) fiscal first-quarter earnings fell
39% as the personal-care and household-products maker posted a
large write-down, though revenue at two of its three segments
improved. The company beat market expectations for adjusted
earnings and revenue.
LSB Industries Inc. (LXU) projected significantly downbeat
second-quarter earnings, as the chemical manufacturer cited lost
production at several facilities and maintenance and repair
costs.
Mercer International Inc. (MERC, MRI.U.T) plans to cut 85
positions at its Celgar pulp mill in British Columbia over several
years, as the company aims to bringing personnel levels more in
line with other mills.
NGL Energy Partners LP (NGL) has priced its offering of nine
million units at $29 each, a discount of 0.5% from its Tuesday
close.
Biopharmaceutical company Regulus Therapeutics Inc. (RGLS) said
it plans to offer 4.5 million shares and plans to use proceeds for
preclinical and clinical development of its proprietary compound,
RG-101, and other microRNA development candidates. It may also use
proceeds for capital expenditures, working capital and other
general corporate purposes. It had 36 million shares outstanding as
of May 10.
Restoration Hardware Holdings Inc. (RH) said stockholders have
launched an offering of 12 million of the company's shares. The
home-goods retailer won't receive any proceeds from the sale. It
had 38.9 million shares outstanding as of June 10.
U.S. Steel Corp. (X) said Chief Financial Officer Gretchen
Haggerty plans to retire this year, and the steelmaker is
undertaking a search for her replacement.
Write to Anna Prior at anna.prior@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires