Among the companies with shares expected to trade actively in
Friday's session are Cigna Corp. (CI), Cognizant Technology
Solutions Corp. (CTSH) and Herbalife Ltd. (HLF).
Cigna Corp. on Friday boosted its outlook for the year as
earnings easily beat Wall Street expectations in the first quarter
of the year, helped by more favorable medical costs in the
health-care provider's government and commercial employer
businesses. Shares rose 0.1% to $135.00 in premarket trading.
Cognizant Technology Solutions Corp. offered a downbeat view on
earnings and revenue for the current quarter, as the
information-technology provider on Friday reported profit climbed
15% in the latest period. Shares fell 1.89% to $56.50
premarket.
Gogo Inc. (GOGO) said revenue climbed in the first quarter,
though the in-flight wireless Internet provider's loss deepened
amid increased spending.
Herbalife Ltd. (HLF) said it was nearing a resolution to a
regulatory investigation into whether the company was operating as
a pyramid scheme. The nutritional-supplement maker said in a
statement that it had progressed to an "advance stage" in talks
with the Federal Trade Commission and that, while litigation
remained a possibility, a settlement would include an estimated
payment of $200 million. Shares rose 12.65% to $65.70
premarket.
Activision Blizzard Inc. (ATVI) on Thursday raised its
projections for the year as it reported better-than-expected
results for the first quarter, driven by higher digital sales and
the newly acquired King Digital Entertainment.
Allscripts Healthcare Solutions Inc. (MDRX) swung to a
first-quarter profit as the health-care information-technology
company reported higher revenue driven by its client services
segment.
Bats Global Markets Inc.'s (BATS) first-quarter profit doubled,
driven by increased market volume and market share, in its first
earnings report as a public company.
Southeastern chicken restaurant chain Bojangles' Inc. (BOJA) on
Thursday raised its financial projections for the year as
first-quarter results beat expectations.
Caesars Entertainment Corp. (CZR), once the world's largest
gambling company, swung to a first-quarter loss on lower casino
revenue and a large charge related to how much it will pay to
support its largest unit, which is trying to reorganize under
bankruptcy protection.
Cerner Corp. (CERN) on Thursday gave cautious guidance for the
second quarter as first-quarter bookings declined slightly from the
year-ago period.
CST Brands Inc. (CST), a gas-station and convenience-store
company spun off from Valero Energy Corp. (VLO) in 2013, has agreed
to sell 79 stores to 7-Eleven Inc. for $408 million.
DreamWorks Animation SKG Inc. (DWA), the entertainment studio
behind "Shrek" and "Kung Fu Panda," swung to a first-quarter profit
and beat Wall Street projections. It was the company's first
financial update since Comcast Corp. reached a deal to buy
DreamWorks for $3.8 billion.
El Pollo Loco Holdings Inc. (LOCO) on Thursday cut a key profit
metric for the year and said it would open fewer restaurants
following a 20% drop in first-quarter profit.
Endo International PLC (ENDP) on Thursday cut its projections
for the year after reporting a wider first-quarter loss, driven by
a $129.6 million impairment charge.
EOG Resources Inc. (EOG) on Thursday posted a wider loss and a
sharp revenue decline in the first quarter, but the oil-and-gas
producer said it exceeded its goals for cost-cutting and U.S. oil
production.
FireEye Inc. (FEYE) on Thursday reported a wider loss for the
first quarter and named Kevin Mandia as its new chief
executive.
GoPro Inc. (GPRO) on Thursday said it was pushing back the
release of its first drone to the holiday season as it swung to a
more than $100 million loss and revenue fell nearly in half during
the first quarter. The drone was initially slated to be released in
the first half of the year.
McDermott International Inc. (MDR) raised its profit guidance
for the year as the engineering and construction company reported
that its first-quarter loss narrowed amid better-than-expected
revenue growth.
News Corp (NWSA) swung to a loss in the March quarter as the
company took a $280 million charge related to a legal settlement
and turmoil in the advertising markets and foreign-currency
fluctuations continued to weigh on the business.
Square Inc. (SQ) on Thursday posted a wider-than-expected loss
for its first quarter as the payments provider reported rising
expenses and set aside $50 million to help resolve a long-running
legal dispute over the company's origins.
SunPower Corp. (SPWR) on Thursday posted a first-quarter loss,
though the company said its residential, commercial and power plant
operations fared well in the first quarter and it backed its
financial guidance for the full year.
United Parcel Service Inc.'s (UPS) board approved spending up to
$8 billion to buy back company stock. The company, which bought
more than $9 billion worth of stock over the past three years, had
said it intends to buy $2.7 billion more this year.
Valeant Pharmaceuticals International Inc. (VRX), which has come
under scrutiny due to dramatic drug price increases, on Thursday
admitted to making mistakes in setting drug prices and said it had
set up a committee to review drug prices. The committee, which will
initially be chaired by its new chief executive, will review the
pricing of four drugs that were the focus of a series of
Congressional hearings: life-saving heart drugs Isuprel and
Nitropress along with Cuprimine and Syprine, used to treat Wilson's
disease, a rare ailment involving a buildup of copper in the
body.
Wingstop Inc. (WING) on Thursday posted better-than-expected
results for the first quarter, with royalty and franchise fees
increasing 21%.
Wynn Resorts Ltd. (WYNN) swung to a first-quarter profit even as
it missed revenue projections, dragged down by its Macau
operations. Still, the casino operator reported its smallest
quarterly decline in revenue from Macau since the third quarter of
2014. The results follow the release of Macau government gambling
figures for April that showed a smaller-than-anticipated decline,
fueling hopes that the worst of times were behind for Macau.
Yelp Inc. (YELP) on Thursday raised its revenue projection for
the year following better-than-expected results in the first
quarter, even as higher spending drove a fifth consecutive
quarterly loss.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
May 06, 2016 09:36 ET (13:36 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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