Among the companies with shares expected to actively trade in Tuesday’s session are Sarepta Therapeutics Inc.(SRPT), Dish Network Corp.(DISH) and NRG Energy Inc.(NRG)
Sarepta reported the U.S. Food and Drug Administration said its planned new drug application for Eteplirsen was premature, following recent data that raised some questions about the treatment for Duchenne muscular dystrophy. Shares were down 54% at $16.65 premarket.
Dish swung to a third-quarter profit, helped by an increase in revenue and subscriber rolls, while former unit EchoStar Corp.(SATS) posted a weaker profit. Dish results beat expectations, sending shares up 3.2% to $49 premarket.
NRG Energy swung to a third-quarter profit as the merchant power generator received a boost from its GenOn Energy Inc. acquisition. The company lowered the high end of its previous adjusted earnings guidance for the year and also reduced its forecast for next year. Shares dropped 2.8% to $27.25 premarket.
D.R. Horton Inc.'s(DHI) fiscal fourth-quarter profit rose 39% as the home-builder’s higher closings boosted revenue and home sales beat estimates. Shares edged up 2.4% to $18.50 premarket.
Assured Guaranty Ltd.'s(AGO) third-quarter profit more than doubled as the bond insurer recorded a gain tied to credit derivatives that masked a decline in net premiums earned. Shares rose 4.7% to $22.75 premarket.
Heartland Express Inc.(HTLD), a trucking firm steered by the Gerdin family, agreed to acquire another family controlled peer, Gordon Trucking Inc., in a transaction valued at about $300 million. Shares climbed 12% to $16.05 in light premarket trading.
Rackspace Hosting Inc.'s(RAX) third-quarter profit fell 40%, with growth in costs and expenses masking a rise in revenue. Shares were down 7.3% to $45.69 premarket as the company’s earnings came in below Wall Street expectations.
Hologic Inc.(HOLX) reported a $1.11 billion write-down, resulting in a wider fiscal fourth-quarter loss at the women’s health-care-products company. Shares of Hologic were down 12% at $20.05 premarket, as the company’s guidance for the current quarter and its new fiscal year came in below Wall Street expectations.
News Corp(NWSA) swung to a profit for the fiscal quarter, as cost-cutting helped offset lower revenue. Revenue missed expectations, sending the publishing company’s shares down 2.4% to $17 premarket.
Solta Medical Inc.(SLTM) unveiled restructuring plans to improve its financial performance and has hired an adviser to help evaluate strategic alternatives, including a possible sale or merger of the medical aesthetics device maker. Investors cheered the news, sending shares up 7.7% to $1.97 premarket.
Aecom Technology Corp.(ACM) swung to a fiscal fourth-quarter profit despite continued weakness in the technical and management-support services provider’s Americas and Australia markets. The company forecast per-share earnings for the recently started new fiscal year that were below Street estimates.
Baker Hughes Inc.(BHI) said Monday it suspended operations in Iraq following a protest incident last week at a facility belonging to one of the oilfield services company’s subsidiaries.
Corporate support service provider Innotrac Corp.(INOC) on Monday confirmed the company has been in recent talks regarding a potential takeover bid worth nearly $109 million. The company, which didn’t name the potential buyer, said it had been engaged in discussions for “a few weeks” under an agreement that would result in investors receiving $8.20 a share.
Jos. A. Bank Clothiers Inc. forecast better-than-expected fiscal third-quarter earnings, due to higher total sales. “Our projected performance in the third quarter, which was somewhat affected by the government shutdown, marks a continuation of the positive trends we had seen at the end of the second quarter,” Chief Executive R. Neal Black said.
Sotheby’s third-quarter loss narrowed as the auction house logged an increase in private sale commissions and auction commission revenue.
Xerox Corp.’s board approved a $500 million increase to its repurchase program, bringing its current authorization to about $1.5 billion. The company also projected adjusted earnings for next year that were in line with Street expectations.
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