Semiconductor maker Texas Instruments reduced its expectations for the second quarter because of weaker demand from wireless customer Nokia Corp. (NOK, NOK1V.HE). Shares initially dropped after hours but recovered following a conference call with executives. They were up 6 cents at $32.73 in late trading.
Spectra Energy Partners LP said it plans to offer a minimum of about 6.3 million units, while Procera Networks Inc. (PKT) also unveiled equity-sale plans shortly after Wednesday's close. Spectra's shares fell 3.6% to $30.70 after-hours while Procera's shares lost 3.2% to $9.75.
Shares of Five Star Quality Care declined after the operator of senior living and health-care services said it would offer at least 10 million shares to repay a bridge loan and fund current and possible future acquisitions. The company, which owns or leases and operates over 200 senior living communities, currently has about 39 million shares outstanding. Five Star's shares fell 7.2% to $6.68 in after-hours trading.
Stock Watch List:
DCP Midstream Partners LP (DPM) said Wednesday it would buy Seaway Products Pipeline Co. from ConocoPhillips (COP), convert it for natural-gas liquids and expand it, for a total investment valued at $750 million to $850 million. The company did not disclose the specific purchase price of Seaway Products Pipeline.
Greif Inc.'s (GEFB, GEF) fiscal second-quarter earnings jumped 19%, topping analysts' expectations, as sales climbed more than expected, soaring at its flexible-products and services segment.
Men's Wearhouse Inc.'s (MW) fiscal first-quarter profit more than doubled, results that topped the apparel company's expectations, as same-store sales climbed across all retail segments. The retailer also forecast current-quarter earnings above Street expectations and raised its full-year outlook.
Pall Corp.'s (PLL) fiscal third-quarter profit edged up 2% as a charge related to the establishment of the company's Asian headquarters in Singapore masked surging sales.
Spartech Corp.'s (SEH) fiscal second-quarter profit declined 41%, although adjusted results topped Wall Street's expectations, as the packaging company reported weaker gross margins but higher sales.
Stewart Enterprises Inc.'s (STEI) fiscal second-quarter earnings rose 19% but the funeral provider's results fell short of analysts' consensus forecasts.
Standard & Poor's Ratings Services raised its investment-grade rating on Ross Stores Inc. (ROST), saying the retailer has had a better operating performance than expected despite a challenging retail environment.
Thor Industries Inc.'s (THO) fiscal third-quarter earnings rose 17% as the recreational-vehicle maker sales growth overpowered a lower margin. For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment