Among the companies with shares expected to actively trade in
Friday's session are Big Lots Inc. (BIG) and Splunk Inc.
(SPLK).
Big Lots said its fiscal second-quarter profit topped its
expectations as the company posted higher sales. The company, which
sells items at deep discounts and overstocks, also raised the
bottom end of its earnings guidance for the year by five cents.
Shares dropped 2.8% to $45.88 premarket.
Splunk's fiscal second-quarter loss widened sharply as expenses
surged, offsetting broad revenue growth. The San Francisco
company's adjusted profit, however, beating Wall Street
expectations, and it offered a strong revenue forecast for the
current quarter and year. Shares rose 7.4% to $48.64 premarket.
Veeva Systems Inc. (VEEV) reported strong revenue gains in its
fiscal second quarter amid a general upswing of cloud-based
businesses, which led the company to boost its forecast for the
year. Shares rose 12% to $28 in premarket trading.
Watch List:
Amira Nature Foods Ltd. (ANFI) posted stronger-than-expected
earnings and revenue growth for its fiscal first quarter as the
Dubai-based company continues to grow its basmati rice business in
international markets.
Fred's Inc. (FRED) unveiled a series of operational
restructuring moves, including store closures, as the discount
retailer swung to a loss for its fiscal second quarter amid its
transition to a convenience and pharmacy-center model.
Pacific Sunwear of California Inc. (PSUN) eked out a gain in
sales for the latest quarter, led by growth in the teen retailer's
men's division. But the company forecast a wider-than-expected loss
for the current quarter.
Federal regulators have requested more information on Reynolds
American Inc.'s (RAI) pending deals to buy Lorillard Inc. (LO) and
divest certain brands to Imperial Tobacco Group PLC, the companies
said Friday.
Write to Lauren Pollock at lauren.pollock@wsj.com
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