Companies whose shares are expected to trade actively in today’s session are Infosys Ltd ADR (NYSE:INFY) (NSE:INFY), Harris Corporation (NYSE:HRS), Walter Energy, Inc. (NYSE:WLT), Ashland Inc. (NYSE:ASH), Chuy’s Holdings Inc (NASDAQ:CHUY) and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).
Infosys Ltd ADR (NYSE:INFY) (NSE:INFY): The Indian IT services provider posted 1.1 percent increase in its fourth quarter revenues, while profits grew 0.30 percent. But the company issued pessimistic guidance for the current year. Infosys said it expects to grow 6-10 percent in FY-2014, compared to analysts projection of 12 percent growth rate. American shares of the company tanked 18.46 percent to $44.31 in early market trading.
The Talas Turkey Value Fund returned 9.5% net for the first quarter on a concentrated portfolio in which 93% of its capital is invested in 14 holdings. The MSCI Turkey Index returned 13.1% for the first quarter, while the MSCI All-Country ex-USA was down 5.4%. Background of the Talas Turkey Value Fund Since its inception Read More
Harris Corporation (NYSE:HRS): The military contractor company announced preliminary third quarter results that fell short of analysts’ estimates. The company said uncertainty over government spending continues to affect its earnings. Harris also announced restructuring plans that involve job cuts. Shares were down 7.4 percent to $43.11.
Walter Energy, Inc. (NYSE:WLT): The metallurgical coal producer announced preliminary first quarter results. Walter Energy’s performance improved on Q-o-Q basis mainly due to higher sales volume, lower costs and increased production. Shares rose 7.59 percent to $25.95 in the early session.
Ashland Inc. (NYSE:ASH): Hedge fund Jana Partners disclosed in an SEC filing that it has acquired 7.4 percent stake in the specialty chemical company. Jana Partners said Ashland shares are highly undervalued. Shares were up 5.61 percent to $83.25 in early trading.
Chuy’s Holdings Inc (NASDAQ:CHUY): The restaurant chain announced to offer 3 million shares on behalf of certain shareholders. Shares in the offering are priced at $33 per share or 3.4 percent discount to its Thursday’s closing price. Shares skidded 2.81 percent to $33.21 in the early session.
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT): The trucking company’s first quarter earnings soared 8.4 percent from $67.7 million in the first quarter of 2012 to $73.3 million in the first quarter this year amid stronger revenues. However, earnings missed Wall Street estimates. Shares were down 2.40 percent to $72.44 in early market trading.