The financial site for individual investors featuring free stock quotes, stock market news, stock exchange prices, market data, analysis and commentary.

US Market: Stock Preview

Among the companies whose shares are expected to actively trade in Thursday’s session are Polypore International Inc. (PPO), Limited Brands Inc. (LTD) and Vivus Inc. (VVUS).

Polypore’s fourth-quarter net income rose 49% as the company continued to see higher sales of its lithium battery separators. However, shares slid 14% to $37.45 in after-hours trading as results missed analysts’ expectations and as the company warned that some headwinds experienced in the latest period will affect near-term results.

Limited Brands’ fiscal fourth-quarter earnings fell 21% as the specialty retailer booked charges tied to the closure of some La Senza stores, though adjusted profit climbed and topped the company’s own forecast. Limited also issued a disappointing outlook for the new fiscal year, pushing shares down 2.9% to $44.17 after hours.

A federal advisory panel on Wednesday overwhelmingly backed Vivus’s weight-loss drug Qnexa, boosting the chance the Food and Drug Administration could approve a new prescription weight-loss drug for the first time in more than a decade. Shares of the drug maker surged 99% to $21.02 after hours. Rival obesity-drug maker Orexigen Therapeutics (OREX) rose 18% to $3.80, while similar rival Arena Pharmaceuticals Inc. (ARNA) climbed 18% to $2.13.

Analog Devices Inc. (ADI) said the worst is likely behind the company and boosted its quarterly dividend, but the chip maker still provided light guidance for the current period. Shares fell 2.6% to $38.80 after hours.

Avago Technologies Ltd.’s (AVGO) fiscal first-quarter profit rose 5% as the chip designer’s wireless-market customers drove stronger sales.

Genco Shipping & Trading Ltd. (GNK) unveiled plans to offer $50 million worth of common stock to pay for general corporate purposes. Shares of the company fell 9.9% to $7.40 after hours. The stock was off 29% over the past year through Wednesday’s close.

Concho Resources Inc.’s (CXO) fourth-quarter loss widened as the oil and natural-gas company reported higher derivative losses, though it posted better-than-expected revenue growth on increased production and higher oil prices.

Continental Resources Inc.’s (CLR) fourth-quarter loss widened as the effect of derivatives offset a stronger core profit driven by surging oil production.

Dana Holding Corp. (DAN) said its board has initiated a quarterly dividend of 5 cents a share of common stock, marking the maker of axles and thermal-management products’ first-ever payout to shareholders.

Express Scripts Inc.’s (ESRX) fourth-quarter earnings fell 12% on acquisition-related expenses as the pharmacy-benefit manager posted stronger sales.

Flowserve Corp.’s (FLS) fourth-quarter earnings grew 11% as the valve-and-pump maker again saw double-digit growth in bookings and sales.

Fluor Corp.’s (FLR) fourth-quarter profit rose 31% as the engineering and construction company reported higher revenue, led by gains in its industrial and infrastructure segment.

Hewlett-Packard Co.’s (HPQ) fiscal first-quarter earnings fell 44% as sales in the company’s personal computers business continued to fall. Shares slid 1.4% to $28.55 in recent after-hours trading as H-P’s revenue missed analyst expectations and as the company issued a downbeat outlook for the current quarter.

KBR Inc.’s (KBR) fourth-quarter profit rose 15% amid lower operating costs, but delivered lower-than-expected revenue.

Liberty Global Inc. (LBTYA, LBYTB) swung to a fourth-quarter loss as a tax expense weighed on the company’s bottom line, though revenue improved.

Media General Inc. (MEG) said it is exploring the potential sale of its newspaper operations and has received inquiries from several third parties regarding the potential purchase of certain print assets. Shares jumped 4.8% to $5.25 in recent after-hours trading.

Oasis Petroleum Inc. (OAS) swung to a fourth-quarter loss as the effect of derivatives contracts masked the benefit of surging production.

Onvia Inc. (ONVI) rejected an unsolicited takeover proposal from private equity firm Symphony Technology Group LLC, calling the bid inadequate. Onvia shares still jumped 30% to $4.08 in after-hours trading, below Symphony’s offer price.

QEP Resources Inc.’s (QEP) fourth-quarter swung to a fourth-quarter loss due to an impairment charge, though revenue improved. The company’s adjusted profit and revenue beat analyst expectations. Shares rose 2% to $32.20 after hours.

Two reinsurers, RenaissanceRe Holdings Ltd. (RNR) and Everest Re Group Ltd. (RE), Wednesday unveiled plans to increase their stock buyback programs.

SM Energy Co. (SM) swung to a fourth-quarter loss on an impairment charge, though revenue improved.

Synopsys Inc.’s (SNPS) fiscal first-quarter profit rose 18% as the provider of chip-design software benefited from stronger revenue and wider margins.

Whiting Petroleum Corp.’s (WLL) fourth-quarter earnings fell 5% on derivatives impacts and other items as the oil and gas producer’s revenue continued to benefit from increased production and higher selling prices. Shares rose 2.9% to $58.20 in after-hours trading as adjusted earnings and revenue beat expectations.

Williams Cos. (WMB) swung to a fourth-quarter loss, mostly on write-downs related to its former exploration and production business, while midstream and interstate gas pipeline asset-holder Williams Partners LP’s (WPZ) fourth-quarter earnings improved, mostly due to strong margins on natural-gas liquids.

Yamana Gold Inc.’s (AUY, YRI.T) fourth-quarter earnings fell 29% as a result of an impairment charge, though revenue increased. The company’s adjusted profit beat analyst expectations.


StockMarketNews Research Team 

Comments are closed.