Among the companies with shares expected to actively trade in
Thursday's session are Jabil Circuit Inc. (JBL), Bed Bath &
Beyond Inc. (BBBY) and Progress Software Corp. (PRGS).
Jabil Circuit's fiscal fourth-quarter earnings rose 53%, but the
contract electronics manufacturer projected fiscal first-quarter
results below expectations. Also, Jabil estimated that it will
record roughly $35 million to $85 million in charges during the new
fiscal year stemming from its exposure to BlackBerry Ltd. (BBRY,
BB.T), Jabil's second-largest customer in the past fiscal year.
Jabil shares fell 3.7% to $23.11 in after-hours trading.
Bed Bath & Beyond's fiscal second-quarter earnings rose 11%
as the home-furnishings retailer recorded a jump in sales. Shares
rose 6.4% to $78.95 after hours as the company raised the lower end
of its full-year earnings estimate.
Progress Software's fiscal third-quarter profit more than
quadrupled as the business software provider posted a gain on the
divestiture of its Apama product line as well as lower input costs.
the results were slightly better than Wall Street expectations.
Shares rose 3.9% to $26.40 after hours as the company's fiscal
fourth-quarter guidance topped expectations.
H.B. Fuller Co.'s (FUL) fiscal third-quarter earnings fell 66%
as the paint and adhesive manufacturer's results suffered from a
tough year-ago comparison that masked an increase in revenue and
wider margins. Shares rose 6.4% to $43 in after-hours trading as
results beat expectations.
Specialty pharmaceutical firm pSivida Corp.'s (PSDV, PVA.AU)
fiscal fourth-quarter loss widened as the company recorded costs
associated with the launch of a clinical trial, as well as charges
tied to compensation bonuses. Shares fell 3.4% to $4 after
hours.
Fibrocell Science Inc. (FCSC) said it intends to offer and sell
shares of its common stock in an underwritten public offering. The
company recently had 27.5 million shares outstanding, according to
FactSet. Shares fell 15% to $4.25 after hours.
Watchlist:
BlackBerry Ltd. (BBRY) said it has canceled its fiscal
second-quarter earnings conference call in light of its sale
agreement with Fairfax Financial Holdings Ltd. (FFH.T). BlackBerry
is scheduled to release its results for the period at 7 a.m. EDT
Friday.
Private equity firm American Industrial Partners has agreed to
buy industrial-waterjet maker Flow International Corp. (FLOW) for
$200 million. American Industrial said it would pay $4.05 a share
in cash for Flow, an 8.6% premium over Flow's closing price
Wednesday.
Plum Creek Timber Co. (PCL) agreed to acquire an interest in
production at four quarries in the Atlanta market from Vulcan
Materials Co. (VMC) for $154 million.
Sallie Mae (SLM) has agreed to sell its 529 college savings-plan
administrator, Upromise Investments, to Ascensus. Terms of the
transaction weren't disclosed. It is expected to close in the
fourth quarter.
Synnex Corp.'s (SNX) fiscal third-quarter earnings rose 33% as
the company benefited from a legal settlement and revenue
growth.
Western Digital Corp. (WDC) is looking for a new chief financial
officer as the current financial chief, Wolfgang Nickl, will resign
effective Nov. 17. Mr. Nickl, Western Digital's financial chief
since August 2010, will take over the same role at chip-equipment
maker ASML Holding N.V. (ASML, ASML.AE) in the Netherlands.
Worthington Industries Inc.'s (WOR) fiscal first-quarter
earnings jumped 61% as the steel processing and metals-products
company received a boost from tax adjustments related to its
increased interest in its laser welded blanks joint venture.
Write to Anna Prior at anna.prior@wsj.com
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