Eastman Kodak Co. (EKDKQ) said it agreed the proposed sale of its Kodak Gallery online photo services business to Internet-based personal publishing service Shutterfly for $23.8 million. Shutterfly shares surged 15% to $30.90 premarket.
Zynga late Thursday said it would introduce a new platform to allow people to play Zynga games over the site without having to go through Facebook Inc. or other social-network sites. Shares of Zynga jumped 3.9% to $15.04 premarket.
Ascena's fiscal second-quarter earnings jumped 50% as the apparel retailer posted stronger same-store sales, led by its Justice brand. Shares jumped 8.5% to $42.25 premarket after the company easily beat earnings and revenue expectations.
Flow International Corp.'s (FLOW) fiscal third-quarter profit more than doubled as the maker of water-jet machines saw continued strength in its standard segment, though its advanced segment continued to post lower sales. Shares jumped 8.1% premarket to $4.28.
Foot Locker Inc's (FL) fiscal fourth-quarter earnings rose 42% as innovative apparel and footwear merchandise led to stronger consumer demand, helping the retail chain report higher same-store sales and expanding margins. The company's fourth-quarter results easily topped Wall Street's expectations, though Foot Locker's stock fell 1.3% to $29.13 premarket as there may have been expectations same-store sales would have risen even higher than the 7.5%-increase reported.
SciClone Pharmaceuticals Inc. (SCLN) said it will discontinue the development of a drug to treat oral mucositis after a study did not yield positive results. The pharmaceutical company's shares dropped 8.2% to $4.15 premarket.
A123 Systems Inc. (AONE) reported preliminary 2011 revenue that missed the battery developer's November estimates amid a series of fourth-quarter charges. Shares fell 5.3% to $1.80 premarket.
Columbia Laboratories Inc. (CBRX) plans to reduce its work force by 10 employees to 14 after the U.S. Food and Drug Administration on Monday rejected a co-developed product intended for pregnant women. Shares jumped 12% to 75 cents premarket.
Acura Pharmaceuticals Inc. (ACUR) said independent laboratory tests showed that Acura's nasal decongestant that uses its IMPEDE technology successfully disrupted the conversion of the pseudoephederine in the product into methamphetamine. The treatment, Nexafed, has also demonstrated the ability to block extraction of the pseudoephedrine from the tablets in previous tests, another common method of producing the illicit drug methamphetamine. Acura said it plans to make Nexafed available to pharmacies later this year. Shares climbed 9.4% to $3.49 in light premarket trading.
Watchlist
Television company Belo Corp. (BLC) raised its quarterly dividend 60%, joining a growing list of companies that have used shareholder-friendly policies to signal confidence in their growth prospects.
Big Lots Inc.'s (BIG) fiscal fourth-quarter profit increased 4.2% as the closeout retailer posted better-than-expected revenue.
Genesco Inc.'s (GCO) fiscal fourth-quarter profit rose 34% as the company reported double-digit same-store sales gains for its two largest businesses.
A subsidiary of Gentiva Health Services Inc. (GTIV) agreed to pay $25 million to avoid civil liability for the way it billed the government for certain hospice services.
Biopharmaceutical firm Idenix Pharmaceuticals Inc. (IDIX) named lead director Thomas R. Hodgson as its new chairman and brought on Radius Health Inc. (RDHE) Chief Executive Michael S. Wyzga as a new board member
Nasdaq sent JDA Software Group Inc. (JDAS) a noncompliance notice after the company failed to file its annual report with the Securities and Exchange Commission on time.
Information-technology provider PC Mall Inc. (MALL) swung to a fourth-quarter loss after a major customer changed its vendor program, pushing down sales.
Semiconductor-packaging company Tessera Technologies Inc. (TSRA) said it expects lower volumes will lead to a double-digit slump in its first-quarter revenue, a forecast the company put forth as it also reported it will begin paying a quarterly dividend.
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