Among the companies with shares expected to actively trade in
Thursday's session are Alimera Sciences Inc. (ALIM), pSivida Corp.
(PSDV, PVA.AU), Semtech Corp. (SMTC) and AK Steel Holding Corp.
(AKS).
Alimera Sciences and pSivida shares soared after Alimera
disclosed they were in talks with the U.S. Food and Drug
Administration over labeling of a treatment for an eye disease
found in patients with diabetes. Investors sent specialty
pharmaceutical firm pSivida shares up 58% to $4.70, while
biopharmaceutical firm Alimera's stock soared 84% to $4.70.
Semtech cut its expectations for the fiscal fourth quarter, as
the chip manufacturer pegged the blame on delays to carrier capital
spending and the ramp up of a new consumer mobile platform. Shares
tumbled 17% to $23.30 in after-hours trading.
AK Steel expects to report a surprise adjusted profit in the
fourth quarter, news that sent the steelmaker's shares higher in
after-hours trading. The stock rose 7.4% to $6.79 after hours.
Watch List:
Apogee Enterprises Inc.'s (APOG) fiscal third-quarter profit
rose 20% as the glass-products designer posted top-line growth
driven by revenue increases in all but its biggest segment.
Bristol-Myers Squibb Co. (BMY) is nearing a deal to sell its
stake in a diabetes partnership with AstraZeneca PLC (AZN, AZN.LN),
according to people familiar with the matter. The deal between the
two companies, which could be announced as early as Wednesday, is
valued at more than $3 billion, some of the people said.
Herman Miller Inc. (MLHR) swung to a fiscal second-quarter loss
due to the results of charges related to its former U.S.
defined-benefit pension plans and other items, despite improved
revenue. The office-furniture company also unveiled a 12% increase
in its quarterly dividend.
MDU Resources Group Inc. (MDU) raised its full-year adjusted
profit target, as the company said favorable weather in northern
states in October and November helped extend the construction
season. Meanwhile, colder weather in December resulted in higher
natural gas and electric sales at the company's utility.
Oracle Corp. (ORCL) said its net income slid 1.1% in the fiscal
second quarter as rising operating expenses outpaced revenue growth
amid pressure from online competition. Results for the period
exceeded Wall Street's expectations.
Paychex Inc.'s (PAYX) fiscal second-quarter earnings rose 7.3%
as the payroll and human resources services company reported higher
revenue.
Steelcase Inc.'s (SCS) fiscal third-quarter earnings edged down
2.5% as the office-furniture maker recorded a slight rise in
expenses that helped mask a rise in revenue.
The U.S. Department of Energy is prepared to extend a
cooperative centrifuge research program for three months beyond
Jan. 15, uranium supplier USEC Inc. (USU) said. The announcement
comes after USEC on Monday said that it plans to file for
bankruptcy early next year as it seeks to restructure its debt.
Write to John Kell at john.kell@wsj.com
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