Among the companies with shares expected to actively trade in
Friday's session are Tibco Software Inc. (TIBX), Cyclacel
Pharmaceuticals Inc. (CYCC) and AK Steel Holding Corp. (AKS).
Tibco's fiscal third-quarter profit slid 19% as a sharp increase
in restructuring costs and weaker margins more than offset the
cloud platform provider's better-than-expected revenue growth.
Adjusted profit for the quarter also topped expectations, sending
shares up 7.5% to $27.14 in after-hours trading.
Cyclacel Pharmaceuticals said one of its treatments undergoing
tests has shown positive results against ovarian cancer, including
against tumors resistant to therapy. Shares of the company were up
32% to $5 in after-hours trading.
AK Steel expects to report a steeper-than-expected third-quarter
loss, as the steelmaker projected shipment and prices below
year-earlier levels and incurred costs tied to a blast furnace
outage. Shares fell 8.1% to $4.08 in after-hours trading.
Watch List:
Cintas Corp.'s (CTAS) fiscal first-quarter earnings rose 1.3% as
the supplier of uniforms and restroom supplies posted higher
revenue amid tighter margins. The company also raised its full-year
earnings guidance.
Consolidated Edison Inc. (ED) said President and Chief Executive
Kevin Burke will retire at the end of 2013, leaving the utility
company after a 40-year run. Mr. Burke, 62 years old, had served in
those roles since 2005. He will be succeeded by his colleague John
McAvoy, who most recently led ConEd's Orange and Rockland Utilities
Inc. subsidiary, a division Mr. Burke also oversaw.
New York Times Co. (NYT) will restore a dividend payment to
company shareholders that was eliminated four years ago, putting to
use cash raised through a string of recent divestitures. The Times
Co. board of directors approved a dividend payment of four cents
per share to holders of Class A and Class B stock, to be paid Oct.
24.
Texas Instruments Inc. (TXN) raised its quarterly dividend by
7.1%, marking the chip maker's second dividend increase of 2013.
The company said that with both dividend hikes, it has raised its
quarterly payout to shareholders by 43% this year.
Tire maker Titan International Inc. (TWI) on Thursday said it is
withdrawing its guidance on full-year revenue and earnings before
interest, taxes, depreciation and amortization--more than three
months after the company said it planned to cut its view.
Write to John Kell at john.kell@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires