Among the companies with shares expected to actively trade in
Thursday's session are Nokia Corp. (NOK), JA Solar Holdings Co.
Ltd. (JASO) and Pier 1 Imports Inc. (PIR).
Nokia revealed sweeping changes to its business, including
10,000 additional job cuts and a broad management shake-up. The
struggling Finnish handset maker also cut its earnings outlook for
the third time in a little over a year. Shares were last down 9.7%
to $2.52 premarket.
JA Solar said it plans to repurchase roughly $100 million, or
more than half, of its American depositary shares outstanding
before the end of September. Shares surged 19% to $1.10
premarket.
Pier 1 Imports's fiscal first-quarter earnings rose 26% as the
home-furnishings retailer's strong sales growth helped to improve
margins. The company also raised its full-year earnings guidance.
Shares were last trading 3% higher at $16.05 in premarket
trading.
Hedge fund Blue Harbour Group now has a 6.4% position in CACI
International Inc. (CACI), according to a late Wednesday regulatory
filing. Shares of the information-technology contractor were
trading 2.8% higher at $50 in premarket trade.
Smithfield Foods Inc.'s (SFD) fiscal fourth-quarter earnings
fell 19% as the pork producer's sales grew slower than expected and
margins shrank. Shares slumped 4.7% to $18.65 in premarket
trading.
International Game Technology (IGT) revealed plans to buy back
up to $1 billion in stock, including a $400 million upfront effort
with Goldman Sachs Group Inc. (GS). Shares of the slot-machine
maker jumped 7.3% to $14.19 premarket.
Aegerion Pharmaceuticals Inc. (AEGR) said it plans to sell an
undisclosed number of shares as the biopharmaceutical company looks
to raise funds for activities related to the regulatory approval
and commercialization of its lead product candidate. Shares were
last off 8.5% to $15.12 premarket.
3D Systems Corp.'s (DDD) public offering of 3.7 million common
shares priced at an 8.7% discount to Wednesday's close. Shares
slumped 7.4% to $27.37 premarket.
Watchlist:
Codexis Inc. (CDXS) said its interim chief financial officer,
Brian Dowd, will resign at the end of this month in order to accept
a position at a private technology company.
C.R. Bard Inc. (BCR) raised its quarterly dividend by 5.3% and
also authorized an additional $500 million in share repurchases, as
the medical-device maker looks to increase value for its
shareholders.
Korn/Ferry International's (KFY) fiscal fourth-quarter earnings
fell 41% as the executive-search firm was hurt by higher costs as
fee revenue rose modestly.
Spartech Corp.'s (SEH) fiscal second-quarter income rose 40% as
the packaging company posted improved margins and stronger sales in
its color and specialty-compounding segment.
United Technologies Corp. (UTX) raised its quarterly dividend
11% as the industrial conglomerate looks to increase value for its
shareholders.
-Write to Mia Lamar at mia.lamar@dowjones.com