Among the companies with shares expected to actively trade in
Monday's session are Darden Restaurants (DRI) and Nu Skin
Enterprises Inc. (NUS).
Darden Restaurants on Monday offered downbeat guidance for its
fiscal third quarter, citing the impact of severe winter weather on
sales and costs. Darden also said it remains on track with its plan
to spin off its Red Lobster restaurant chain, with the sale process
"well under way," despite opposition from some shareholders. Shares
dropped 3.8% to $49.10 premarket.
Dendreon Corp. (DNDN) posted better-than-expected fourth-quarter
revenue and said it hopes for similar results this quarter for
prostate-cancer drug Provenge. "To bolster our efforts to improve
the top line, we have a new commercial model in place and have
identified additional efforts to further improve commercial
effectiveness," Chief Executive John Johnson said. Shares surged
15% to $3.30 premarket.
JinkoSolar Holding Co. (JKS) swung to a fourth-quarter profit as
the Chinese solar-products maker's revenue and margins jumped while
its expenses tumbled. The top line exceeded Wall Street
expectations. Shares edged up 2.3% to $33.45 premarket.
Magellan Health Services Inc. (MGLN) said its fourth-quarter
earnings fell 50% as the health-care management company's cost of
care increased. The bottom line missed expectations, while the top
line beat. Shares edged 1.1% lower premarket to $60.46.
Nu Skin Enterprises projected first-quarter results that missed
expectations amid impacts from an internal review of its China
operations. The company also reported that its fourth-quarter
earnings soared on sharply higher revenue. However, revenue still
fell short of analysts' expectations. Shares dropped 5.8% to $78.66
premarket.
Watch List:
CNO Financial Group Inc. (CNO) agreed to sell its Conseco Life
Insurance Co. unit to Wilton Reassurance Co. for about $237
million, as the company said it wanted to divest itself of some low
returning and volatile assets.
CoStar Group Inc. (CSGP) agreed to acquire online apartment
rentals company Apartments.com from Classified Ventures LLC for
$585 million, a deal that aims to create an online leader in
commercial real-estate's multifamily housing space. Apartments.com
serves renters, property managers and owners.
Men's Wearhouse Inc. (MW) said it received a draft merger
agreement from Jos. A. Bank Clothiers Inc. (JOSB) and the two
companies entered into a non-disclosure pact on Saturday, agreeing
to exchange confidential information as they explore a potential
combination.
The city of Philadelphia agreed to sell the operations of
Philadelphia Gas Works to utility company UIL Holdings Corp. (UIL)
for $1.86 billion in cash, as the municipality looked to unload the
175-year-old utility. The deal, which was announced by UIL, still
requires approvals from the Philadelphia City Council and the
Pennsylvania Public Utility Commission.
Water technology company Xylem Inc. (XYL) named Harsco Corp.
(HSC) Chief Executive Patrick K. Decker as its new CEO after its
previous chief stepped down last year. Meanwhile, Harsco, a
diversified industrial company, said it appointed director David C.
Everitt as interim president and CEO effective immediately while it
searches for a replacement.
Write to Lauren Pollock at lauren.pollock@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires