Among the companies with shares expected to actively trade in
Tuesday's session are Seagate Technology Inc. (STX), Anheuser-Busch
InBev N.V. (BUD, ABI.BT), and Coach Inc. (COH).
Seagate reported record fiscal fourth-quarter revenue but
tempered its sales growth expectations for the calendar year as
demand softens and hard-disk drive rivals recover faster than
anticipated from severe Asian flooding. Shares fell 9.2% to $27.64
in premarket trading.
Anheuser-Busch InBev posted a forecast-beating rise in profit
but said consumption slipped, dragged down by its key North
American market. The world's biggest brewer by sales also missed on
second-quarter revenues. Shares fell 3.4% to $78.30 premarket.
Despite topping sales expectations for fiscal fourth-quarter,
shares of high-end leather goods maker Coach traded lower premarket
after the company described fiscal 2013 as "an investment year" in
which it will accelerate the acquisition of domestic-retail
operations in key Asian markets, including those in Malaysia and
Korea. Shares fell 15% to $51.45 in premarket trading.
Humana Inc. (HUM) reported weaker second-quarter earnings,
pressured by a recent legal settlement, while cutting its full-year
forecast because of high costs for both new and existing customers
on Medicare plans. Shares were off 9% to $64.22 premarket.
Shares of Germany's Deutsche Bank AG (DB, DBK.XE)traded higher
premarket after the company announced cost-cutting measures.
Although the bank posted disappointing second-quarter results, it
reported a plan to cut 1,900 jobs, predominantly outside of
Germany. Shares rose 2.8% to $31.13.
Dendreon Corp. (DNDN) unveiled restructuring plans that include
cutting more than 600 jobs over the next year as the pharmaceutical
company continues to lose money due to slow sales of its
prostate-cancer treatment. Shares of the company sank 15% to $5.26
in premarket trading.
Revenue-manager Accretive Health Inc. (AH) said it reached a
$2.5 million settlement with the Minnesota Attorney General's
office over an ongoing lawsuit and said it voluntarily decided to
cease all its operations in Minnesota. Shares climbed 22% to $12.25
premarket.
Cirrus Logic Inc.'s (CRUS) fiscal first-quarter income dropped
25% as the chip maker saw higher expenses mask stronger revenue,
bolstered by growth in its audio products segments. But shares
jumped 21% premarket to $36.10 after the company predicted strongly
upbeat fiscal third-quarter revenue and narrowly beat earnings
expectations for the latest period.
RealD Inc.'s (RLD) fiscal first-quarter income fell 69% as the
3-D technology company's margins suffered on higher licensing and
product costs. Shares plummeted 27% to $9.25 in premarket trading
as results missed analyst expectations.
CafePress Inc.'s (PRSS) second-quarter loss widened on higher
marketing costs and the e-commerce company offered a downbeat
outlook for the second half of the year. Shares fell 37% to $8.69
in premarket trading.
Herbalife Ltd.'s (HLF) second-quarter profit rose 20% as the
nutrition company saw broad-based growth in sales volume. The
company also raised its full-year earnings outlook. Shares rose
6.8% to $55.19 in premarket trading.
Semiconductor- and LED-equipment maker Kulicke & Soffa
Industries Inc. (KLIC) beat analyst expectations. Although the
company reported weaker results than a year earlier for its latest
quarter, performance surged from the winter and allowed the company
to become debt-free. Meanwhile, the company anticipates revenue
this quarter to be sharply above prior-year levels. Shares rose 14%
to $11.19 premarket.
Shares of Cobalt International Energy Inc. (CIE) surged 16% to
$28 despite reporting a wider-than-expeted loss for the second
quarter as investors looked instead to successful preliminary
findings at the company's Cameia-1 exploration well in Angola.
Watchlist:
Anadarko Petroleum Corp. (APC) swung to a loss in the second
quarter as the oil-exploration company was hurt by a $978 million
write-down related mostly to coalbed-methane properties at a time
of low natural-gas prices.
Eastman Chemical Co.'s (EMN) second-quarter earnings fell 19% as
the chemical-and-materials maker reported acquisition costs and
weaker revenue in several of its businesses.
Fiserv Inc.'s (FISV) second-quarter earnings increased 79% as a
loss from early debt extinguishment weighed on the financial
technology provider's year-ago results and as revenue increased.
Adjusted profits beat analyst expectations.
Flowserve Corp.'s (FLS) second-quarter earnings rose a
better-than-expected 8.7% as the valve-and-pump maker reported
improved sales in all three major segments, led by its
engineered-product division.
Forest Oil Corp. (FST) swung to an unexpected loss in the second
quarter amid a ceiling test write-down related to low natural-gas
prices as the exploration-and-production company was also hurt by
lower revenue. Shares slipped 9.4% to $6.40 after hours.
Hertz Global Holdings Inc.'s (HTZ) second-quarter profit jumped
69% due to stronger sales for car and equipment rentals, while
higher volume and cost-control initiatives also helped bolster the
bottom line.
Hologic Inc.'s (HOLX) fiscal third-quarter earnings fell 35% as
the health-products company was hit by higher acquisition-related
charges and other items. However, adjusted earnings improved.
Masco Corp. (MAS) swung to a second-quarter loss, as a large
litigation settlement charge weighed down the period.
Natural-gas exploration company McMoRan Exploration Co. (MMR)
said it will delay a flow test previously scheduled for this week
at its Davy Jones No. 1 well until a later date sometime in August,
saying a seal assembly located at about 16,400 feet needed to be
replaced.
PartnerRe Ltd.'s (PRE) second-quarter profit rose 42% as the
reinsurer logged fewer expenses and saw growth in premiums
written.
Plum Creek Timber Co.'s (PCL) second-quarter earnings fell 18%
as the real-estate investment trust saw higher costs outpace
improved revenue.
PMC-Sierra Inc.'s (PMCS) second-quarter profit rose 58% as a
recovery of income taxes boosted the chip maker's bottom line,
though revenue and adjusted profits slipped from a year earlier.
The company issued downbeat guidance for the current quarter.
Post Properties Inc.'s (PPS) second-quarter earnings more than
doubled as the real-estate investment trust's occupancy and rents
strengthened. The company again raised its full-year view for funds
from operations.
Regeneron Pharmaceuticals Inc. (REGN) said the U.S. Food and
Drug Administration didn't approve its Arcalyst drug as a treatment
for gout and said the agency needs additional clinical data.
Rudolph Technologies Inc.'s (RTEC) second-quarter earnings fell
8.8% as it recorded a larger income-tax provision, but the results
of the provider of process characterization equipment beat its own
expectations.
Superior Energy Services Inc.'s (SPN) second-quarter earnings
soared as revenue of the provider of oil-field services more than
doubled. Continued low natural-gas prices as well as declines in
realized crude oil and liquids prices are impacting customers' cash
flows, leading to reduced spending in the second half of the
year.
Vertex Pharmaceuticals Inc.'s (VRTX) second-quarter loss
narrowed on growing revenue from a hepatitis C drug, and the drug
company reported positive results from a study on another
experimental treatment for the disease.
Write to Anna Prior at anna.prior@dowjones.com
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