U.S. Hot Stock Futures: Hot Stocks to Watch
Among the companies with shares expected to actively trade in Tuesday's session are Outerwall Inc. (OUTR), Werner
Enterprises Inc. (WERN) and Pandora Media Inc. (P).
Outerwall trimmed its financial targets for the current quarter and 2013, as the kiosk operator said recent Redbox
rentals didn't meet expectations and high promotions hurt the average size of transactions. Outerwall said while rentals
and revenue for Redbox were both higher in July and August from prior-year levels, "they were not to our expectations."
Shares slumped 20% to $44.94 in after-hours trading.
Werner issued a third-quarter earnings outlook that fell short of Wall Street's expectations, as the trucking company
cited lower equipment sale gains, higher costs and other factors. The company's muted guidance comes after it didn't
provide any financial estimates in the first two quarters of the year, though those results also missed expectations. In
after-hours trading, shares slid 2.1% to $23.90.
Pandora said it plans to offer 10 million shares and that a stakeholder would offer an additional four million shares.
For the proceeds being raised by the Internet radio service provider, the company intends to use the funds for general
corporate purposes such as working capital and capital expenditures. Shares were down 4.5% to $22.90 after hours.
Shares of Kythera Biopharmaceuticals Inc. (KYTH) jumped Monday, after the clinical-stage biopharmaceutical firm
disclosed positive results for two Phase III trials for its treatment of submental fat, also known as a double chin. The
stock climbed 19% to $40 in after-hours trading.
Altria Group Inc. (MO) raised its full-year profit outlook, a rosier view attributed to a credit the tobacco company
expects to receive tied to an arbitration panel ruling involving several U.S. states. The adjusted profit guidance was
Hudson's Bay Co. (HBC.T) appointed Harrods executive Marigay McKee as the new president of Saks Fifth Avenue,
effective once the Canadian retailer completes its pending acquisition of the U.S. luxury retailer. Earlier Monday, Saks
Inc. (SKS) said Chairman and Chief Executive Stephen I. Sadove and the retailer's president and chief merchant, Ronald
L. Frasch, plan to leave the company following the merger.
James River Coal Co. (JRCC) disclosed plans to idle coal production at several locations in Central Appalachia, citing
continues weakness in coal markets domestically and in markets abroad. The plan to idle production will result in about
525 full-time employees being furloughed, James River said.
Mosaic Co. (MOS) lowered its sales, volume and margin guidance for its potash and phosphates segments in the calendar
third quarter amid short-term weakness in markets. The fertilizer company's long-term outlook remains positive amid high
commodity prices and other fundamentals that are expected to drive near-record phosphate and potash shipments this year,
said President and Chief Executive Jim Prokopanko. Yet, he warned: "In the short term, however, dealers are cautious and
are deferring purchases."
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