Among the companies with shares expected to actively trade in
Wednesday's session are Dell Inc. (DELL), Williams-Sonoma Inc.
(WSM) and Sunrise Senior Living Inc. (SRZ).
Dell's fiscal second-quarter earnings fell 18% as the computer
giant recorded weaker revenue, led by declines in its consumer
segment. Shares slid 6.2% to $11.58 premarket as revenue missed the
company's expectations. Dell also lowered its full-year guidance
and offered downbeat revenue guidance for the current quarter.
Williams-Sonoma's revived gross margin and strong sales growth
lifted the housewares and furniture retailer's profit 10% in its
fiscal second quarter. The better-than-forecast results pushed
shares 11% higher premarket to $42.20.
Health Care REIT Inc. (HCN) agreed to acquire Sunrise Senior
Living in a roughly $845 million deal that would make the
real-estate investment trust among the largest owners of senior
housing in the world. The offer, worth $14.50 a share, marks a 62%
premium to Sunrise's closing price Tuesday, a level it hasn't
traded at in nearly four years. Shares of Sunrise were up 58% to
$14.15 premarket. Fellow retirement home operator Brookdale Senior
Living Inc. (BKD) also got a boost, trading 11% higher at
$22.19.
American Eagle Outfitters Inc.'s (AEO) fiscal second-quarter
earnings edged down 3.3% amid a loss related to the sale of its
children's business, though the teen apparel retailer recorded
stronger-than expected sales as it cut down on discounts. Shares
rose 7.5% to $22.39 premarket.
Toll Brothers Inc.'s (TOL) fiscal third-quarter earnings rose
46% as the luxury home builder saw strong revenue gains across all
its geographic segments, buoyed by what it called the most
sustained demand it has seen in more than five years. Shares rose
3.9% to $33.05 in premarket trade.
Express Inc.'s (EXPR) fiscal second-quarter earnings rose 26%,
though the young-adult clothing retailer's sales grew more slowly
than expected amid increased promotional activity in the latter
part of the period. Shares slumped 9.5% to $15.30 premarket as the
company also lowered its full-year earnings target.
Career Education Corp. (CECO) said Chief Financial Officer
Michael J. Graham has resigned to accept a position at another
company and named Colleen M. O'Sullivan, most recently the
company's chief accounting officer, as his replacement. Shares fell
9.6% to $3.38 premarket.
Fifth Third Bancorp (FITB) said the Federal Reserve has approved
the Midwestern bank's request for a 25% dividend increase and an
expanded stock repurchase program. Shares rose 2.9% to $14.80
premarket.
Watchlist:
Analog Devices Inc.'s (ADI) fiscal third-quarter income shrank
23%, as three out of four of the chip maker's major segments posted
weaker revenue.
Activist investor Carl Icahn withdrew his offer to buy the
remaining shares of petroleum company CVR Energy Inc. (CVI), ending
his bid to take the company private, according to a Securities and
Exchange Commission filing.
The Food and Drug Administration said Johnson & Johnson
(JNJ) unit Synthes last month initiated a recall on certain lots of
bone putty, saying the medical product could catch fire during
surgery.
La-Z-Boy Inc.'s (LZB) fiscal first-quarter earnings fell 90% on
a year-earlier reduction of some valuation reserves though the
furniture company's sales and margins improved. Revenue topped
expectations.
Lorillard Inc. (LO) authorized up to $500 million in share
repurchases, as the tobacco company looks to boost shareholder
value.
Software maker Intuit Inc. (INTU) swung to a profit in its
fiscal fourth quarter as strong demand for its small-business
services was tempered by changes to the company's business mix and
a modest outlook for the coming year. Still, earnings missed Wall
Street forecasts and the company gave a cautious view for its new
fiscal year.
Standard & Poor's Ratings Services lowered its outlook on
Weatherford International Ltd. (WFT), noting the oilfield-services
company's reliance on debt to finance its growth.
Ultra Clean Holdings Inc. (UCTT) cut its third-quarter revenue
guidance amid weaker-than-expected demand in the semiconductor
capital equipment sector.
Wet Seal Inc. (WTSLA) swung to a fiscal second-quarter loss as
the teen clothing retailer reported a decline in sales.
Write to Mia Lamar at mia.lamar@dowjones.com
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