Among the companies with shares expected to actively trade in
Wednesday's session are Ambarella Inc. (AMBA), Mattress Firm
Holding Corp. (MFRM), and UnitedHealth Group Inc. (UNH).
Ambarella's fiscal first-quarter profit rose 82% as the
manufacturer of image-processing chips posted strong growth in its
Internet-protocol security camera and wearable sports camera
markets. Shares rose 6.5% to $17.24 in premarket trading, as
results topped Wall Street expectations.
Mattress Firm's fiscal first-quarter earnings rose 23% as the
bedding retailer's revenue improved, despite a same-store sales
decline. Shares climbed 6% to $39.80 premarket as results topped
analyst expectations.
UnitedHealth, the biggest managed-care company by revenue, said
its board has raised its quarterly dividend 32% and renewed its
share-buyback program. Shares rose 1.9% to $63.55 premarket.
SHFL Entertainment Inc.'s (SHFL) fiscal second-quarter profit
rose 22% as the casino-games company posted record revenue in its
slot machine, shuffler, and specialty table games businesses.
Shares rose 5.6% to $18.35 premarket as results topped analysts'
expectations.
A downsized offering of 6.5 million Ubiquiti Networks Inc.
(UBNT) shares being sold by certain stockholders priced at a 4.4%
discount to the Internet-gear manufacturer's Tuesday closing price.
Shares slipped 2.9% to $16.25 premarket, above the offering's price
of $16.
Avanir Pharmaceuticals Inc. (AVNR) said the U.S. Food and Drug
Administration has agreed to an expedited development pathway for
the company's next-generation compound, AVP-786, requiring only a
limited pre-clinical package as part of the Investigational New
Drug application. Shares rose 8.6% to $3.66 premarket.
Yingli Green Energy Holding Co. (YGE) and Trina Solar Ltd. (TSL,
K3KD.SG) said the European Commission has imposed a preliminary
antidumping duty of 11.8% on solar products made in China through
Aug. 5. The tariffs are effective Thursday. Chinese solar-products
maker Yingli said the duty on its products will rise to 37.3% from
Aug. 6 until the final ruling in December, unless there is a
negotiated solution between China and the European Commission.
Yingli's American depositary shares fell 4.4% to $2.82 premarket,
while Trina dropped 7% to $5.70. Meanwhile, fellow solar company JA
Solar Holdings Co. (JASO) dropped 6.8% to $7.08.
Kandi Technologies Group Inc. (KNDI) said that its first pur
electric sedan--developed along with Geely Automobile Holdings Ltd.
(GELYY, 0175.HK)--has been approved by China's Ministry of Industry
and Information Technology. Shares jumped 20% to $4.71
premarket.
Watchlist:
Analogic Corp.'s (ALOG) fiscal third-quarter earnings fell 29%
as the electronics-component maker's increase in operating expenses
masked slight revenue growth. Given current market conditions and
the ultrasound segment's transition to high-market direct products,
Analogic lowered its full-year revenue view.
Aveo Pharmaceuticals Inc. (AVEO) plans to reduce its workforce
by 62% as the developer of cancer therapies restructures to refocus
on the clinical development of tivozanib in colorectal and breast
cancer, as well as advancing key pipeline and preclinical
assets.
Bazaarvoice Inc.'s (BV) fiscal fourth-quarter loss widened as
the software company logged higher sales and marketing costs and
acquisition-related expenses, masking double-digit revenue growth.
However, results beat Wall Street expectations.
Bob Evans Farms Inc.'s (BOBE) fiscal fourth-quarter earnings
rose 23% thanks to a tax benefit masking losses related to the sale
of its Mimi's Cafe business and weaker revenue. Adjusted earnings
and revenue beat expectations.
Dish Network Corp. (DISH) disputed legal and governance
objections raised by Sprint Nextel Corp. (S) to Dish's tender offer
for Clearwire Corp. (CLWR), elevating the war of words between the
companies seeking control of the mobile broadband provider.
EXFO Inc. (EXFO) said its fiscal third-quarter results will miss
its prior expectations, as weak economic conditions hurt the maker
of telecommunications-testing equipment's bookings in Europe, the
Middle East and Asia.
Forest City Enterprises Inc. (FCEA) swung to a fiscal
first-quarter loss, mostly owing to lower commercial land sales,
decreased capitalized interest related to the reduction of its
under-construction pipeline and other impacts.
Mitcham Industries Inc.'s (MIND) fiscal first-quarter earnings
fell 25% as the seismic-equipment supplier posted weaker revenue,
although margins improved. Results missed analysts'
expectations.
Tile Shop Holdings Inc. (TTS) said an offering of about 4.3
million shares by certain stockholders priced at a 1.6% discount to
the company's closing price.
Zogenix Inc. (ZGNX) said it will cut its headcount by about 37%
to help extend its cash as it waits for U.S. Food and Drug
Administration approval for its new drug application for Zohydro
ER--its treatment for chronic pain--and other milestones.
Write to Anna Prior at anna.prior@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires