Among the companies with shares expected to actively trade in
Tuesday's session are American Eagle Outfitters Inc. (AEO), Fossil
Inc. (FOSL) and McDermott International Inc. (MDR).
American Eagle lowered its second-quarter earnings guidance,
citing weaker-than-expected sales and margin results. The teen
retailer's shares fell 15% to $16.90 premarket. Shares of peer
Abercrombie & Fitch Co. (ANF) also slipped 3% to $50.10.
Fossil's second-quarter earnings jumped 18% as the
fashion-accessories retailer reported sales increases in all
segments. Shares jumped 13% to $121.50 premarket as the company
also raised its full-year earnings guidance and provided
current-quarter guidance above the view of analysts.
McDermott International Inc. (MDR) swung to a surprise
second-quarter loss amid charges related to projects in its Middle
East and Asia Pacific segments. Separately, the engineering and
construction company said its Chief Operating Officer John T.
McCormack plans to retire in the fourth quarter after 10 years with
the company. Shares tumbled 18% to $7.15 premarket.
Amazon.com Inc. (AMZN) Chief Executive Jeff Bezos is buying The
Washington Post Co. (WPO) for $250 million in an out-of-the-blue
deal that captures the newspaper industry's economic decline and
the shift of power from old-media to Silicon Valley. Washington
Post Class B shares jumped 4.3% to $593.00 premarket.
Louisiana-Pacific Corp. (LPX) swung to a second-quarter profit
as the construction-materials company benefited from stronger
revenue and a $36 million acquisition-related gain. Shares rose
6.8% to $17.95 in light premarket trading as results topped
analysts' estimates.
Capital Product Partners L.P. (CPLP), which has 84.9 million
shares outstanding, said it plans to offer 11.9 million shares to
help fund the diversified shipping company's acquisition of three
container vessels made by Hyundai Heavy Industries Co. from Capital
Maritime & Trading Corp. Shares were down 5.6% to $9.10
premarket.
GT Advanced Technologies Inc.'s (GTAT) second-quarter income
fell 19% as the solar-technology maker's higher costs outpaced
modest revenue growth. However, shares were up 8.9% to $5.64 in
premarket trading as earnings exceeded company expectations, while
revenue was in line.
Interactive Intelligence Group Inc. (ININ) swung to a
second-quarter profit as the technology company posted a big
increase in total orders driven by its cloud-based business. Shares
of the company, which provides Internet-protocol
business-communications services, rose 10% to $64.03 premarket as
results beat Wall Street expectations.
NorthStar Realty Finance Corp. (NRF), which has 198.3 million
shares outstanding, said it plans to sell 35 million shares of
common stock. The real-estate investment trust intends to use the
proceeds of the offering to invest in the business, to repurchase
or pay liabilities, or for general corporate purposes. Shares
slipped 3% to $9.59 premarket.
Exploration and production company PDC Energy Inc. (PDCE), which
has about 30.5 million shares outstanding, said it planned to offer
about 3.8 million shares. Shares were down 3.1% to $55.54
premarket.
Responsys Inc. (MKTG) swung to a second-quarter loss as the
marketing software and services company's increase in operating
expenses outpaced revenue growth. Still, shares jumped 15% to
$16.92 premarket as revenue beat Responsys's expectations and the
company raised its full-year revenue guidance.
Watchlist:
Advent Software Inc. (ADVS), which has 51.4 million shares
outstanding, said its shareholder SPO Advisory Corp. and its
affiliates plans to offer about 7.3 million shares. The investment
management software company said it would not receive any proceeds
from the sale.
Moody's Investors Service placed Alpha Natural Resources Inc.
(ANR) on review for a possible downgrade, noting its poor
performance and the coal industry's continued weakness.
DSW Inc. (DSW) raised its full-year earnings guidance and
reported same-store sales growth for the second quarter while also
unveiling plans for a 2-for-1 stock split. The shoe retailer's
shares were up 5.7% to $82 after hours.
Einstein Noah Restaurant Group (BAGL) said Greenlight Capital
Inc. and its affiliates will offer 1.5 million shares. The
restaurant company has 17.4 million shares outstanding.
Fidelity National Financial Inc.'s (FNF) second-quarter earnings
declined 5.4% as an increase in costs masked growth in revenue.
Hologic Inc. (HOLX) swung to fiscal third-quarter loss as the
women's health-care-products company posted increased charges for
restructuring-and-acquisition-related impacts and other one-time
items, masking the strong revenue growth. The company forecast
third-quarter results below expectations and cut its 2013 earnings
guidance.
Nautilus Inc. (NLS) swung to a second-quarter profit as the
fitness products company recorded an income tax benefit that masked
a decline in revenue. Results, however, fell below analysts'
expectations.
Plains All American Pipeline LP's (PAA) second-quarter earnings
fell 23%, while the company's gas-storage affiliate PAA Natural Gas
Storage LP's (PNG) second-quarter profit fell 2.5% as the companies
were hurt by higher operating costs.
Recreational-vehicle maker Thor Industries Inc. (THO) expects
its fiscal fourth-quarter sales to surpass analyst
expectations.
TRW Automotive Holdings Corp. (TRW) said Automotive Investors
LLC, which is an affiliate of the Blackstone Group LP (BX), and
certain members of TRW's management plan to offer 10.9 million
shares. The auto-parts maker, which has 117.2 million shares
outstanding, will not receive any proceeds from the offering.
Unum Group's (UNM) second-quarter earnings edged up 1% as the
insurer was helped by low claims payouts and modest investment
gains, though revenue was roughly flat.
Vornado Realty Trust's (VNO) second-quarter earnings more than
quadrupled as the commercial property owner reported net gains on
real-estate sales that far outpaced gains in the year-ago period.
The company also reported an increase in funds from operations.
Write to Anna Prior at anna.prior@wsj.com
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