By Dow Jones Business News,
July 02, 2014, 09:39:00 AM EDT
Among the companies with shares expected to actively trade in Wednesday's session are Constellation Brands Inc. (STZ),
Vitacost.com Inc. (VITC) and Greenbrier Cos. ( GBX ).
Constellation Brands said its fiscal first-quarter earnings surged as the company's beer segment continued to benefit
from a significant acquisition, as well as stronger demand. The results topped Wall Street's estimates and
Constellation, one of the world's biggest wine companies, lifted its earnings outlook for the year. Shares rose 5.5% to
$93.25 in premarket trading.
Kroger Co. (KR) agreed to buy Vitacost.com, an online seller of vitamins and other health-related products, in a deal
that would give the largest U.S. supermarket chain a stronger presence in Internet retailing. Kroger expects the $280
million planned purchase will enhance its technology expertise and give it a platform for fulfilling home delivery of
online orders--an area of increasing importance in the sector. Vitacost.com shares rose 27% to $7.99 premarket.
Greenbrier swung to a profit in its fiscal third quarter as revenue and margins surged. The results easily surpassed
analysts' expectations. The railroad equipment and services supplier also raised its earnings view for the year. Shares
rose 8.3% to $62.50 premarket.
A. Schulman Inc. (SHLM) said its fiscal third-quarter earnings rose sharply as the company benefited from higher
demand in key markets and recent acquisitions, leading the company to raise its earnings projections by eight cents.
Shares rose 5% to $41.51 premarket.
CalAmp Corp. ( CAMP ) issued a disappointing outlook for the current quarter, saying satellite revenue is expected to
fall short of earlier projections. Shares fell 12% to $19.38 premarket.
Corinthian Colleges Inc. ( COCO ) and the U.S. Department of Education missed a Tuesday deadline to reach an agreement
on an operating plan for the troubled for-profit educator, although the parties believe a deal could happen within days.
Shares fell two cents to 28 cents premarket.
Hillshire Brands Co. ( HSH ) officially signed a $7.7 billion deal to be acquired by Tyson Foods Inc. (TSN), capping a
drawn-out bidding war as a number of companies in the food space angle for better position in the supermarket aisle.
Hillshire shares rose 16 cents to $62.79 premarket.
Paychex Inc. (PAYX) said its fiscal fourth-quarter earnings rose 18% on continued revenue growth in its payroll and
human-resource-services businesses. However, the company projected fiscal-year earnings growth that was mostly below
analysts' estimates. Shares fell 2.7% to $40.99 premarket.
Jazz Pharmaceuticals PLC ( JAZZ ) agreed to acquire rights to defibrotide in the U.S. and all other countries in the
Americas for $75 million plus potential milestone payments.
Synthetic biology company Intrexon Corp. (XON) agreed to buy bovine reproductive technology company Trans Ova
Genetics, broadening its reach in animal health and productivity.
UniFirst Corp. (UNF) said its fiscal third-quarter earnings rose 7.7%, citing a boost in new business and retention of
its existing customer base. The results exceeded Wall Street expectations.
Write to Maria Armental at email@example.com and Tess Stynes at Tess.Stynes@wsj.com
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