U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to actively trade in Friday's session are Infosys Ltd. (INFY, 500209.BY), Wells Fargo & Co.'s (WFC) and Walter Energy Inc. (WLT, WLT.T).

Infosys reported that its fiscal fourth-quarter net profit rose 3% from a year earlier but revenue came in below expectations. The company blamed a "volatile" world for disappointing results and said sales will grow at just 6% to 10% over the next 12 months, well below industry forecasts. American depositary shares of the India-based software exporter plunged 18% to $44.57 premarket.

Wells Fargo's first-quarter profit jumped 22%, topping Street estimates, as the San Francisco bank reported stronger credit and controlled expenses, although it logged lower mortgage-banking income as mortgage originations and applications both fell. Shares fell 1.5% to $36.95 premarket.

Walter Energy said its first-quarter performance has improved from the previous quarter, mainly on higher metallurgical-coal sales volume and pricing, increased production and lower costs. Shares rose 6.6% to $25.70 premarket.

New York hedge fund Jana Partners LLC unveiled a major stake in Ashland Inc. (ASH), saying it believes the specialty chemical company's shares are undervalued. Shares rose 5.9% in premarket trading to $83.50, after Jana disclosed its 7.4% stake in a filing with the U.S. Securities and Exchange Commission.

Forest Oil Corp. (FST) announced the signing of a definitive agreement with oilfield services company Schlumberger Ltd. (SLB) for the future development of Forest's Eagle Ford Shale acreage in Gonzales County, Texas. Shares of Forest Oil--which buys, explores, develops, produces and markets natural gas and crude oil in North America--rose 12% to $5.60 premarket.

 
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Fitch Ratings lowered its outlook on aluminum maker Alcoa Inc.'s (AA) investment-grade rating, saying oversupply in the aluminum market may pressure its earnings.

Chuy's Holdings Inc. (CHUY) said an offering of three million shares sold by certain shareholders priced at a 3.4% discount to the restaurant chain's Thursday closing price. The company said the secondary offering priced at $33 a piece.

Durata Therapeutics Inc.'s (DRTX) offering of about 7.2 million shares priced at a 3.8% discount to the drug company's Thursday closing price. The shares priced at $7 each.

Harris Corp. (HRS) reported preliminary fiscal third-quarter results that missed analysts' expectations and unveiled restructuring plans that include job cuts, as uncertainty related to government spending continues to weigh on the military contractor's results. The company also lowered its full-year estimates.

Ixia (XXIA) cut its first-quarter revenue view, after the provider of Internet-protocol testing systems restated prior results.

J.B. Hunt Transport Services Inc.'s (JBHT) first-quarter earnings rose 8.4% as the trucking company reported stronger revenue and volume at most of its business segments. However, per-share earnings missed expectations.

LinkedIn Corp. (LNKD) has agreed to acquire mobile news reader Pulse for $90 million, a deal that will help the professional social network accelerate its mobile efforts.

SLM Corp. (SLM) has sold an interest in a student-loan securitization, in a deal that will boost the company's second-quarter earnings.

Weyerhaeuser Co.'s (WY) board approved an 18% increase in the forest-product company's quarterly dividend.

Energy company Williams Partners LP (WPZ) said it will form a joint venture with Royal Dutch Shell PLC (RDSA, RDSB) to provide gas-gathering and gas-processing services for production located in northwest Pennsylvania.

Write to Anna Prior at [e-mail]

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