Among the companies with shares expected to actively trade in
Friday's session are Big Lots Inc. (BIG), SeaChange International
Inc. (SEAC), Cooper Cos. (COO), and Ulta Salon Cosmetics &
Fragrance Inc. (ULTA).
Big Lots disclosed a plan to exit the Canadian market, as the
retailer conceded its efforts to turn around a business it acquired
in July 2011 were unsuccessful. The company's shares slumped 10% to
$33.40 in after-hours trading, as results for the latest quarter
missed expectations and the group issued a weaker full-year outlook
for its U.S. operations.
SeaChange swung to a profit in its fiscal third quarter, with a
decline in input costs masking a drop in revenue. Shares of the
company, however, were down 14% at $12.35 as the company's guidance
for the fiscal fourth quarter fell well below analysts'
expectations.
Cooper's fiscal fourth-quarter profit fell 20% with costs
related to a divestiture weighing on results. Shares of the company
were down 5% at $127 after hours as earnings came in below the
company's expectations.
Ulta issued a cautious outlook for the current quarter, as the
beauty-products retailer warned of soft sales trends and likely
high promotions during the holiday season. Shares slumped 18% to
$96.36 in after-hours trading, as Ulta's targets for the fiscal
fourth quarter missed Wall Street's expectations.
Finisar Corp.'s (FNSR) fiscal second-quarter profit soared as
the telecommunications-equipment provider reported a double-digit
jump in revenue and higher gross margins. Results for the quarter
were mostly stronger than expected, and Finisar issued upbeat
financial targets for the current quarter. The news sent shares up
6.1% to $23.08 in after-hours trading.
Watch List:
Casella Waste Systems Inc.'s (CWST) fiscal second-quarter loss
narrowed, driven in part by revenue growth in the company's
solid-waste operations.
Moody's Investors Service raised its outlook on two U.S.
airlines, Delta Air Lines Inc. (DAL) and United Continental
Holdings Inc. (UAL), touting some favorable momentum heading into
2014.
Diamond Foods Inc.'s (DMND) fiscal first-quarter loss widened on
lower revenue, pressured by difficulties in the company's nuts
business.
Esterline Technologies Corp. (ESL) fiscal fourth-quarter
earnings rose 6.8% on a slight increase in revenue and lower
operating expenses.
Five Below Inc.'s (FIVE) fiscal third-quarter earnings surged as
the discount retailer posted double-digit revenue growth.
Gap Inc.'s (GPS) same-store sales rose 2% in November, beating
expectations, as growth at its namesake stores and Old Navy offset
a decline at its Banana Republic chain.
J.C. Penney Co. (JCP) received a letter from the Securities and
Exchange Commission requesting information about the company's
controversial stock offering in September.
LKQ Corp. (LKQ) on Thursday said it had reached an agreement to
buy Keystone Automotive Operations Inc. for $450 million, a move
LKQ hopes will make it a top player in specialty auto aftermarket
accessories and equipment.
Pacific Sunwear of California Inc.'s (PSUN) fiscal third-quarter
profit surged as the teen-focused specialty retailer recorded a
large gain related to derivatives, masking a drop in sales.
Zumiez Inc.'s (ZUMZ) fiscal third-quarter earnings slipped 6.4%
at the teen-apparel retailer as charges related to an acquisition
and a lawsuit settlement masked a rise in sales.
Write to John Kell at john.kell@wsj.com
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