By Dow Jones Business News,
May 15, 2014, 08:32:00 AM EDT
Among the companies with shares expected to actively trade in Thursday's session are Wal-Mart Stores Inc. (WMT),
Gentiva Health Services Inc. (GTIV) and Cisco Systems Inc. (CSCO).
Wal-Mart offered a weak earnings forecast for the current quarter and posted another drop in U.S. sales, its fifth
consecutive quarterly decline. The retailer pointed to investments in e-commerce, headwinds from higher health care
costs in the U.S. and increased investments in Sam's Club membership programs for the potential drop in profit. Shares
fell 2.8% to $76.45 premarket.
Kindred Healthcare Inc. (KND) unveiled a proposal made last week to acquire Gentiva for a combination of stock and
cash that values the home health and hospice provider at about $14 a share. Kindred said Gentiva rejected the offer,
saying in a letter dated Tuesday that Gentiva's long-term strategy as a stand-alone company will generate more value to
shareholders. Gentiva shares jumped 52% to $13.00 premarket.
Cisco showed signs that a sharp business slump is easing, though the big network-equipment provider posted further
declines in quarterly revenue and profit. Results for the third fiscal quarter were better than the company had
projected. Shares climbed 6.9% to $24.39 in premarket trading.
ExOne Co. (XONE) said its first-quarter loss widened amid weaker revenue and as development costs weighed on the 3D-
printer maker's margins. The loss was bigger than analysts had expected and revenue missed expectations. The company
also cut its margin expectations for 2014. Shares fell 14% to $26.41 premarket.
Kohl's Corp. (KSS) said fiscal first-quarter earnings fell 15% as the retailer recorded lower sales. Same-store sales
fell 3.4%, missing analysts' expectations for 0.2% growth. Shares slipped 3.7% to $52.02 premarket.
Sorrento Therapeutics Inc. (SRNE) said it plans to offer for sale 4.8 million shares of its common stock. The late-
stage clinical oncology company, which develops treatments for cancer and its associated pain, recently had about 23
million shares outstanding, according to FactSet Research. Shares fell 20% to $5.35 in premarket trading.
Vipshop Holdings Ltd.'s (VIPS) first-quarter earnings surged as the Chinese online discount retailer said revenue more
than doubled amid a jump in the number of active customers and total orders. The results and second-quarter revenue
outlook exceeded expectations. Shares jumped 8% to $162.01 premarket.
Agilent Technologies Inc. ( A ) said its fiscal second-quarter earnings fell 9.6% as the testing-equipment company's
results were hit by expenses related to the planned spinoff of its electronic-measurement business and other costs. The
company forecast fiscal third-quarter earnings below analysts' expectations.
American International Group Inc. ( AIG ) said it has completed the sale of its jet-leasing business to AerCap Holdings
NV (AER) for $7.6 billion in cash a stock.
Boston Scientific Corp. ( BSX ) said it agreed to pay $415 million in cash for Bayer AG's (BAYRY, BAYN.XE)
interventional division, continuing a flurry of deals in the pharmaceutical industry.
CA Inc. ( CA ) said its fiscal fourth-quarter profit fell 56% as the company suffered its eight straight quarterly
decline in revenue. The results, however, topped analysts' expectations.
Eli Lilly and Co. (LLY) said the English High Court ruled that Actavis PLC's ( ACT ) plans to sell a generic version of
Alimta wouldn't infringe on Lilly's patent for the vitamin dosage regimen.
Jack in the Box Inc. (JACK) said its fiscal second-quarter profit rose 19% as the restaurant operator reined in
operating costs and reported a rise in same-store sales, despite a drop in total revenue.
Manchester United Ltd. (MANU) said its quarterly earnings soared as the British soccer club posted stronger
broadcasting and commercial revenues.
Mylan Inc. (MYL) said a court dismissed rival generic drug maker Teva Pharmaceutical Industries Ltd.'s (TEVA, TEVA.TV)
motion to block approval of generic versions of multiple-sclerosis drug Copaxone.
Re/Max Holdings Inc. (RMAX) said its first-quarter revenue rose as the real-estate brokerage franchiser benefited from
the continued growth of its poll of agents.
SeaWorld Entertainment Inc. (SEAS) said its first-quarter loss widened amid weaker attendance that the theme-park
operator mostly attributed to a shift in the timing of Easter and Spring break as well as bad weather.
Write to Anna Prior at firstname.lastname@example.org
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
Copyright (c) 2014 Dow Jones & Company, Inc.