InPlay from Briefing.com

6:02 pm Informatica and Tableau Software (DATA) announce strategic collaboration (INFA) : Co announced a strategic collaboration with Tableau Software, (DATA), a global leader in rapid-fire, easy-to-use business analytics software, to enable enterprise business users to accelerate decision-making based on fresh information and business events, as they happen. 

5:41 pm Corp Office Props prices offering of $250 mln of senior unsecured notes (OFC) : Co announced that its operating partnership, Corporate Office Properties, L.P., has priced an offering of $250 million aggregate principal amount of 5.25% senior unsecured notes due February 15, 2024 at a price equal to 98.783% of the principal amount. The Notes will be senior unsecured obligations of the Operating Partnership and will be fully and unconditionally guaranteed by COPT. The Operating Partnership intends to use the net proceeds from the offering of the Notes to repay borrowings under its senior unsecured revolving credit facility and for general corporate purposes. The sale of the Notes is expected to close on September 16, 2013, subject to customary conditions. Wells Fargo Securities, LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers.

5:23 pm Grupo Aeroportuario del Pacifico reports passenger traffic increase of 13.8% for August 2013 (PAC) : Co announced today preliminary terminal passenger traffic figures for the month of August 2013 compared to traffic figures for August 2012. During August 2013, total terminal passengers increased 13.8% compared to the previous year. Domestic passenger traffic increased 14.8%, while international passenger traffic increased 11.5% compared to August 2012.

5:06 pm United Continental reports August 2013 operational performance: consolidated traffic decreased 0.5% year/year (UAL) : Co reported August 2013 operational results. UAL's August 2013 consolidated traffic (revenue passenger miles) decreased 0.5 percent and consolidated capacity (available seat miles) decreased 1.4 percent versus August 2012. UAL's August 2013 consolidated load factor increased 0.8 points compared to August 2012. UAL's August 2013 consolidated passenger revenue per available seat mile (:PRASM) increased an estimated 3.5 to 4.5 percent compared to August 2012. Weakness in the Pacific entity, primarily driven by the yen depreciation, reduced consolidated PRASM by approximately one percentage point in August.

5:02 pm SM Energy announces increase in credit facility borrowing base (SM) : Co announced that the borrowing base under its senior secured revolving credit facility has been increased from $1.8 billion to $2.2 billion, as a result of its lenders' regularly scheduled semi-annual redetermination. SM Energy has elected to leave the commitment amount from the bank group unchanged at $1.3 billion. There were no other changes to the terms of the credit facility resulting from this borrowing base redetermination.

4:55 pm Continental Resources to provide 2014 annual guidance after the close on Tuesday, September 10, 2013 (CLR) : Co plans to announce 2014 operating and financial guidance on Tuesday, September 10, 2013 following the close of trading on the New York Stock Exchange. The Company plans to host a conference call at 4:00 p.m. CT on the same day to discuss the announcement.

4:51 pm CEMEX S.A. and Concrete Supply Co. announce joint venture (CX) : Co and Concrete Supply Co. announced that they have entered into an agreement to form a joint venture company. The joint venture company will be known as Concrete Supply Co., LLC. With a production capacity of 2 million cubic yards, the new joint venture will be a leading concrete producer in North and South Carolina. The joint venture will be majority owned by Concrete Supply Holdings Co. who will act as the managing member. The transaction is expected to close later this year.

4:47 pm Armstrong World Industries announces secondary public offering of ~10.06 mln common shares, including common share repurchase (AWI) : Co announced today a secondary public offering of 10,057,382 common shares of the Company held by The Armstrong World Industries, Inc. Asbestos Personal Injury Settlement Trust (the "Trust") and Armor TPG Holdings, L.P. (together with the Trust, the "Selling Shareholders"). The shares are being sold on a pro rata basis by the Selling Shareholders in accordance with their respective ownership interests. The Company will not sell any shares in the offering and will not receive any proceeds from the offering. Deutsche Bank Securities will act as the sole underwriter for the offering.

In addition, subject to the completion of the underwritten offering, the Company has agreed to purchase from the underwriter 5,057,382 of the 10,057,382 common shares that are the subject of the underwritten offering. The repurchased shares will be held in treasury. The Company expects to fund the share repurchase with cash on its balance sheet and borrowings under its credit facility and trade receivables securitization. Each of the closing of the share repurchase and the closing of the underwritten offering is conditioned on the other. As a result of the underwritten offering, the Selling Shareholders will own less than 50% of the total voting power of the Company's common shares.

4:47 pm AMR reports record August passenger unit revenue (AAMRQ) : Co reported August 2013 consolidated revenue and traffic results for its principal subsidiary, American Airlines, Inc., and its wholly owned subsidiary, AMR Eagle Holding Corporation.

• August's consolidated passenger revenue per available seat mile (:PRASM) was a record high for the month, increasing an estimated 3.0 percent versus last year. 
• Consolidated capacity and traffic were 4.2 percent and 3.2 percent higher year-over-year, respectively, resulting in a consolidated load factor of 85.0 percent, 0.8 points below the same period last year. 
• Domestic traffic was 0.8 percent higher year-over-year on 1.7 percent more capacity, resulting in a domestic load factor of 86.4 percent, 0.8 points lower compared to the same period last year. 
• International load factor of 84.7 percent was 1.0 points lower year-over-year, as traffic increased 6.7 percent on 8.1 percent more capacity. The Atlantic entity recorded the highest load factor of 88.5 percent, an increase of 1.0 points versus August 2012. 
• On a consolidated basis, the company boarded 9.7 million passengers in August.
  

4:43 pm ONEOK Partners announces $1.25 bln notes offering (OKS) : Co announced that it has priced an offering to sell $1.25 billion of senior notes, consisting of $425 million of five-year senior notes at a coupon of 3.2 percent; $425 million of 10-year senior notes at a coupon of 5 percent; and $400 million of 30-year senior notes at a coupon of 6.2 percent. The notes will be issued under the partnership's existing shelf registration statement previously filed with the Securities and Exchange Commission. The net proceeds, after deducting underwriting discounts and commissions, are expected to be $1.24 billion. ONEOK Partners expects to use the proceeds to repay amounts outstanding under its $1.2 billion commercial paper program and for general partnership purposes. The joint book-running managers for the offering are RBS Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Deutsche Bank Securities Inc.

4:42 pm LATAM Airlines reports preliminary monthly statistics for August 2013 (LFL) : Co reported preliminary monthly traffic statistics for August 2013 compared to August 2012. System passenger traffic increased 1.6% as capacity decreased 0.4%. As a result, the Company's load factor for the month increased 1.6 points to 80.9%. International passenger traffic accounted for approximately 52% of the month's total passenger traffic.

4:41 pm Pep Boys misses by $0.09, misses on revs (PBY) : Reports Q2 (Jul) GAAP earnings of $0.10 per share, $0.09 worse than the Capital IQ Consensus Estimate of $0.19; revenues rose 0.4% year/year to $527.6 mln vs the $539.1 mln consensus.

"Improved product gross margins drove our 25% improvement in adjusted operating income during the quarter. Our strategically important maintenance and repair services remain steady and grew in customer count, sales and margin rate. Tire sales were down in dollars and units, but grew in gross margin dollars. While not yet realized, we continue to be cautiously optimistic that we will see improving demand for tires this year."

4:35 pm Cardinal Financial announces plans to acquire United Financial Banking Companies (CFNL) : Co announced the signing of a definitive merger agreement under which Cardinal will acquire United Financial Banking Companies, the holding company of The Business Bank ("TBB"), for $38.26 per share. TBB, headquartered in Vienna, Virginia, currently operates eight (8) banking locations in northern Virginia. As of June 30, 2013, TBB had assets of $331 million, gross loans of $228 million and deposits of $300 million. Based on June 30, 2013 financial statements, the combined organization will have approximately $3.2 billion in assets, $2.1 billion in gross loans held for investment and $2.4 billion in deposits. The merger will solidify Cardinal as the largest community bank headquartered in the northern Virginia market and will be accretive to earnings per share in the first full year. Harold C. Rauner, TBB's Chief Executive Officer, will join Cardinal as a regional president of Cardinal Bank at closing.

4:31 pm InVivo Therapeutics announces personnel changes: John A. McCarthy appointed non-executive Chairman; acting CFO resigns; co will not present at Rodman and Renshaw Healthcare Conference (NVIV) : Co announced that current Board member John A. McCarthy, Jr. has been appointed as non-executive Chairman of the Board. In addition, Board member Kenneth DiPietro has been appointed as a member of the Board's Audit Committee. In addition, the acting CFO, Sean F. Moran, has resigned effectively immediately. The Company is actively engaged in a search for a replacement. In the meantime, the interim CEO, Michael J. Astrue, will serve as principal financial officer until a replacement is named. As a result of Mr. Moran's departure, InVivo will not present at the 15th Annual Rodman and Renshaw Healthcare Conference to be held on Tuesday, September 10, 2013 at the Millennium Broadway Hotel in New York City.

4:26 pm Crown Crafts announces dismissal of class action lawsuit (CRWS) : Co announced that a class action lawsuit against the Company and its wholly-owned subsidiary, Crown Crafts Infant Products, Inc. ("CCIP"), has been dismissed. The lawsuit, filed in March 2013, alleged that CCIP's crib bumper products put children at risk of suffocation or crib death and that the Company and CCIP concealed and failed to disclose these purported risks through allegedly false and misleading advertising and product packaging. The complaint did not allege that any child had actually been harmed by these products. The complaint alleged violations of various consumer protection laws in California. On September 6, 2013, the federal court in Los Angeles, California dismissed the case without prejudice in its entirety.

4:22 pm Clean Energy Fuels announces proposed private placement of $200 mln of convertible senior notes (CLNE) : Co announced that it intends to offer, subject to market conditions and other factors, $200 million aggregate principal amount of convertible senior notes due 2018 in a private placement. The notes will be senior unsecured obligations of the Company, and interest on the notes will be payable semi-annually. The notes will be convertible at any time at the option of the noteholders into shares of the Company's common stock at the then-applicable conversion rate. The interest rate, initial conversion rate and other terms of the notes will be determined by negotiations between the Company and the initial purchasers of the notes.

4:19 pm Rhino Resource Partners announces public offering of 1.1 mln common units representing limited partner interests in Rhino (RNO) : Co intends to use the net proceeds from this offering, and the related capital contribution by its general partner, to repay borrowings outstanding under its revolving credit facility. If the underwriter exercises its option to purchase additional common units, Rhino intends to use the additional net proceeds and related capital contribution by its general partner to repay borrowings outstanding under its revolving credit facility. Raymond James & Associates, Inc. is the sole underwriter for the offering.

4:19 pm CHS Inc. opens Uruguay office (CHSCP) :  

4:18 pm EVERTEC announces 20 mln share offering by selling stockholders (EVTC) : Co announces the commencement of an underwritten public offering of 20,000,000 shares of its common stock by an affiliate of Apollo Global Management, Popular, Inc., and certain officers and current and former employees of the company (collectively, the Selling Stockholders). The Selling Stockholders will receive all of the proceeds from the offering. The offering is expected to close on or about Sept 18, 2013.

4:18 pm Bonanza Creek Energy announces expanded capital program (BCEI) : Co announced an increase to its 2013 capital budget to drill a "super-section" test of stacked laterals in multiple zones from multi-well pads in the Wattenberg Field and to drill additional wells in southern Arkansas during the fourth quarter. In addition, the expanded budget will accommodate increasing non-operated activity and infrastructure projects in the Wattenberg Field. In total, Bonanza Creek estimates that its full-year capital expenditures will be $460 to $475 mln, which the co expects to fund from internally generated cash flows and borrowings on its credit facility.

4:18 pm Inergy Midstream announces public offering of 11 mln common units (NRGM) : Co intends to use the net proceeds from this offering (and the net proceeds from any exercise of the underwriters' option to purchase additional common units) to repay borrowings under its revolving credit facility, with the remaining net proceeds to be used for ongoing expansion projects in its midstream business and for general partnership purposes. Barclays, BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, Citigroup, J.P. Morgan and RBC Capital Markets will act as joint book-running managers for the offering.

4:17 pm SAIC's Board of Directors approves spin-off of its services business; science applications will incur ~ $500 mln of debt financing (SAI) : Co announced that its Board of Directors has approved the separation of its technical, engineering and enterprise information technology services business and declared a pro rata dividend to its stockholders, effective after market close on Friday, September 27, 2013, of all of the shares of SAIC Gemini which will hold the spun-off business and be renamed Science Applications International Corporation in connection with the completion of the separation.

4:17 pm PVH beats by $0.01, beats on revs; issues mixed guidance (PVH) : Reports Q2 (Jul) earnings of $1.39 per share, $0.01 better than the Capital IQ Consensus Estimate of $1.38; revenues rose 47.0% year/year to $1.97 bln vs the $1.9 bln consensus.

• Co issues mixed guidance for Q3, sees EPS of $2.20 vs. $2.30 Capital IQ Consensus Estimate; sees Q3 revs of $2.2 bln vs. $2.23 bln Capital IQ Consensus Estimate. This estimate is reflective of a significant shift of advertising expenses into the third quarter as compared to the prior year, as well as an increase in the tax rate from the prior year. 
• Co issues mixed guidance for FY14, continues to see EPS of $7.00 vs. $7.19 Capital IQ Consensus Estimate; sees FY14 revs of $8.25 bln vs. $8.23 bln Capital IQ Consensus Estimate.  
• "Our first half efforts have focused around integrating the acquired Warnaco businesses, with an emphasis on making investments in our people and filling key open positions, upgrading the quality and product design of Calvin Klein jeanswear, enhancing the existing operating infrastructure, reducing excess inventory levels in parts of the acquired Calvin Klein businesses, and restructuring our customer distribution in various regions. Our integration efforts and investments in the newly acquired businesses will intensify in the second half of the year, as we continue to invest in building a strong foundation for the future, which will have a negative impact on our year-over-year comparisons."
• "In addition, as we anniversary strong multi-year sales gains at our Tommy Hilfiger and pre-acquisition Calvin Klein businesses in the second half of the year, we are continuing to hold our full year earnings per share guidance at $7.00 due to our cautious outlook that the apparel consumer environment will remain soft and sales volatility will continue, especially in Southern Europe."
  

4:16 pm DepoMed expands geographic scope of license agreement with Merck (MRK) for Extended Release Metformin patents (DEPO) : Co announced today it has expanded the geographic scope of its non-exclusive license agreement with a subsidiary of Merck for certain patents directed to metformin extended release technology for use in JANUMET XR (sitagliptin and metformin hydrochloride (HCl) extended-release). The territory covered by the license agreement is now worldwide. Under terms of the agreement originally entered into in July 2009, Merck receives a non-exclusive license as well as other rights to certain Depomed patents directed to metformin extended release technology. Through the expiration date of the patents, Depomed will receive modest royalties on net product sales of JANUMET XR in countries in which the licensed patents cover the product.

4:16 pm Healthstream announces its Patient Experience Solution has been enhanced through the acquisition of Baptist Leadership Group for ~ $8.5 mln (HSTM) : Co announced that  Baptist Health Care has entered into a five-year agreement to utilize HealthStream's comprehensive talent management solution for their 7,500 employees. The agreement was signed in conjunction with the transaction announced earlier today where HealthStream acquired Baptist Leadership Group, a consulting practice owned by Baptist Health Care.

4:15 pm BRT Realty Trust announces $2 mln share repurchase program (BRT) : This program is intended to be implemented through purchases made from time to time in either the open market or through private transactions; the program is authorized through September 30, 2015.

4:15 pm Enbridge Management commences public offering of ~ 8 mln of its listed shares (EEQ) : Co announced that it has commenced an underwritten public offering of approximately eight million of its Listed Shares. Enbridge Management is expected to grant the underwriters a 30-day option to purchase up to an additional one million Shares.

4:13 pm Five Below beats by $0.02, beats on revs; guides Q3 EPS in-line, revs slightly below consensus; raises FY14 EPS in-line, raises FY14 revs in-line; Q2 comps +6.6% (FIVE) : Reports Q2 (Jul) adjusted earnings of $0.11 per share, $0.02 better than the Capital IQ Consensus Estimate of $0.09; revenues rose 34.9% year/year to $117.1 mln vs the $112.7 mln consensus.

Co issues guidance for Q3, sees EPS of $0.03-0.04 vs. $0.03 Capital IQ Consensus Estimate; sees Q3 revs of $107-109 mln vs. $109.21 mln Capital IQ Consensus Estimate.

Co issues in-line guidance for FY14, raises EPS to $0.68-0.71 from prior guidance of $0.65-0.68 vs. $0.69 Capital IQ Consensus Estimate; raises FY14 revs to $531-536 mln from prior guidance of $524-529 mln vs. $535.12 mln Capital IQ Consensus Estimate. 

Co reported Q2 comparable store sales increased by 6.6%. 

"Through the end of the second quarter, we have opened 32 of our 60 planned 2013 net new stores, which are off to a great start as our concept resonates with customers across new and existing markets." 

Guidance Details : For the third quarter of fiscal 2013, net sales are expected to be in the range of $107 mln to $109 mln based on opening 24 new stores and assuming a mid-single digit increase in comparable store sales. For fiscal 2013, net sales are expected to be in the range of $531 mln to $536 mln based on opening 60 net new stores for the full year and assuming a 5% increase in comparable store sales (prior assumption was for 4% increase).

4:12 pm MagnaChip Semi announces commencement of secondary offering of 1.7 mln shares of common stock that are affiliated with Avenue Capital Management II (MX) : Co will not receive any proceeds from the sale of its common stock by the selling stockholders.

4:12 pm Virtus Investment Partners announces public offering of $175 mln of its common stock (VRTS) : Co announced that it has commenced, subject to market conditions, a public offering of $175 million of its common stock. Virtus will grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares offered at the public offering price.

Virtus intends to use the net proceeds of this offering to expand its seed capital program for new investment strategies and funds; invest in other growth opportunities; and for general corporate purposes. Goldman, Sachs & Co. and Morgan Stanley & Co. LLC will act as joint lead bookrunning managers.

4:11 pm NanoString Technologies receives FDA 510(k) clearance for Prosigna breast cancer prognostic gene signature assay (NSTG) :

4:11 pm Volterra Semi: Maxim Integrated (MXIM) announces receipt of U.S. Antitrust Clearance for acquisition of Volterra Semiconductor (VLTR) :

4:11 pm Xoom announces 3.7 mln share follow-on offering (XOOM) : Co announces the launch of a follow-on offering of 3,732,622 shares of its common stock. Of these, 2,300,000 shares will be offered by Xoom and 1,432,622 shares will be offered by selling stockholders.

4:11 pm UMB Financial Corporation announces public offering of 3.9 mln shares of its common stock (UMBF) : UMBF announced the commencement of an underwritten public offering of 3.9 mln shares of its common stock. BofA Merrill Lynch will serve as the sole book-running manager for the offering. Co intends to use the net proceeds from this offering of common stock for general corporate purposes.

4:10 pm General Cable announces expansion of senior secured credit facility to $1 bln; maturity extended to 2018 (BGC) : BGC has amended its existing $700 mln asset-based revolving credit facility increasing the size up to $1 bln and extending its maturity date to 2018. The amendment provides a $300 mln  increase to the Senior Secured Credit Facility by incorporating certain of co's European assets to create a single credit facility for North America and Europe. All other principal terms of the Senior Secured Credit Facility remain the same. 

4:10 pm Stone Energy announces drilling results, increased production guidance and increased 2013 capex budget (SGY) : Co provided an update on the deep water Taggart prospect, including the exploratory well drilled at Mississippi Canyon 816. Drilling operations have been completed and the rig is being released. The well has been logged, and pressure readings, cores and fluid samples have been taken in the Pliocene and Upper Miocene section sands. The data indicates a discovery with ~90 feet of net oil and gas condensate pay in two sands. The partners plan to further analyze the data from this well and develop a plan which is expected to include a sub-sea tie back to an existing facility. Stone holds ~23% working interest in the project, and LLOG Exploration Offshore, L.L.C. is the operator.

• A discovery was also made on the Taildancer prospect at Ship Shoal 113, with the well encountering 130 feet of net oil and gas pay. Production from this discovery is projected to be on line in the fourth quarter of 2013. Stone is the operator with a 100% working interest. The rig for the deep water San Marcos prospect at Mississippi Canyon 983 is on location and has begun drilling. Stone holds a 25% working interest in the prospect which is operated by Apache Deepwater. 
• Additionally, Stone's Board of Directors has authorized an increase to the 2013 capital expenditure budget from $650 million to $710 million, which excludes major acquisitions and capitalized SG&A and interest.
  

4:10 pm Tuesday Morning appoints Jeffrey Boyer as Executive Vice President, Chief Administrative Officer and Chief Financial Officer, effective immediately (TUES) : Mr. Boyer fills both the existing Chief Administrative Officer vacancy and replaces Stephanie Bowman, who has decided to pursue other professional interests but will remain with Tuesday Morning in a consultative capacity to facilitate a smooth transition. Since June 2012, he served as Executive Vice President and Chief Operating Officer of 24 Hour Fitness Worldwide.

4:09 pm Trimas is commencing an offering of 3,750,000 shares of its common stock in a public offering (TRS) : Deutsche Bank Securities and J.P. Morgan are acting as joint bookrunners for the offering. BofA Merrill Lynch, Goldman, Sachs & Co. and Wells Fargo Securities are also acting as joint bookrunners for the offering.

4:09 pm Xenoport to advance development of XP23829 as a potential treatment for patients with relapsing-remitting multiple sclerosis; to hold conf call today (XNPT) : Based on favorable preliminary results from these studies, XenoPort intends to continue to advance the development of XP23829 as a potential treatment for patients with relapsing-remitting multiple sclerosis (RRMS) and/or psoriasis. XenoPort will host a conference call at 5:00 p.m. Eastern Time today to discuss its XP23829 study results.

4:08 pm STAAR Surgical announces that Stephen P. Brown has joined the company as Chief Financial Officer (STAA) : STAA announced that Stephen P. Brown has joined co as Chief Financial Officer. Mr. Brown is reporting to President and Chief Executive Officer Barry Caldwell. His appointment is part of a planned transition of STAAR's financial mgmt team to support anticipated growth and expand the accounting skill sets necessary once the manufacturing consolidation project is complete. Deborah Andrews, who has served as the CFO since 2005, is remaining with the Company as Vice President, Chief Accounting Officer. Mr. Brown joins co from Bausch & Lomb Surgical, where he served as Vice President, Global Finance since 2008.

4:08 pm Abraxas Petroleum Corp. provides operational update; In McMullen County, Texas, co's forty acre pilot wells, the Camaro B 3H and Camaro B 4H, averaged 739 boepd and 808 boepd over each well's first thirty full days of production, respectively (AXAS) : In McKenzie County, North Dakota, the Lillibridge 1H, producing from the Middle Bakken, averaged 1,275 boepd (1,027 barrels of oil per day, 1,487 mcf of natural gas per day) over the well's first 30 full days of production. The Lillibridge 2H, producing from the Three Forks, averaged 958 boepd (766 barrels of oil per day, 1,153 mcf of natural gas per day) over the well's first 30 full days of production. The Lillibridge 3H, producing from the Middle Bakken, averaged 1,291 boepd (1,031 barrels of oil per day, 1,556 mcf of natural gas per day) over the well's first 30 full days of production. The Lillibridge 4H, producing from the Three Forks, averaged 922 boepd (697 barrels of oil per day, 1,346 mcf of natural gas per day) over the well's first 30 full days of production. In Nolan County, Texas, the Spires Ranch 129 2H, targeting the Strawn formation, reached a TD of 9,949 and has been cased. The well is currently scheduled to be fracture stimulated in mid-September. Abraxas holds a 100% working interest in the Spires Ranch 129 2H.

4:08 pm Model N sees Q1 revs of $20-21 mln vs $26.35 mln Capital IQ Consensus Estimate; sees FY14 revs of $70-80 mln vs $117.99 mln Capital IQ Consensus Estimate (MODN) : Co provided a business update and preliminary guidance for Q1  and full year fiscal 2014.

"Our current revenue visibility has caused us to reduce our financial expectations for fiscal 2014," said Zack Rinat, Model N's Founder, Chairman, and Chief Executive Officer. "We remain focused on recruiting a new sales leader to resolve the sales execution challenges we discussed on last quarter's earnings conference call. We continue to believe that our market leading products, large market opportunity, proven value proposition, and strong pipeline of opportunities position the company well for the long-term."

4:07 pm Kennedy Wilson announces 6 mln share offering (KW) : The company expects to use the net proceeds from the offering for general corporate purposes, including future acquisitions and co-investments, and to repay the $50.0 million outstanding balance under its unsecured revolving credit facility.

4:07 pm Silver Spring Networks announces new partnership With Sunrise Technologies (SSNI) :

4:07 pm Palo Alto Networks reports EPS in-line, beats on revs (PANW) : Reports Q4 (Jul) earnings of $0.06 per share, excluding non-recurring items, in-line with the Capital IQ Consensus Estimate consensus of $0.06; Non-GAAP results for 4Q13 include $1.4 mln of expenses related to IP litigation, which on a tax-effected basis was $0.01 per diluted share. Revenues rose 48.7% year/year to $112.4 mln vs the $108.94 mln consensus.

"We are pleased with our results for the fourth quarter and fiscal year 2013. In 4Q13, increasing demand for our appliances and contribution from our recurring subscription and maintenance services drove record revenue. Our hybrid SaaS revenue model contributed to an increase in deferred revenue by $29.9 million to $249.2 million at the end of fiscal 2013. During the quarter, we generated cash flow from operations of $41.7 million and we ended the quarter with approximately $436.9 million in cash, cash equivalents and investments."

4:06 pm Casey's General beats by $0.17, reports revs in-line (CASY) : Reports Q1 (Jul) earnings of $1.43 per share, $0.17 better than the Capital IQ Consensus Estimate of $1.26; revenues rose 13.2% year/year to $2.11 bln vs the $2.1 bln consensus.

"Casey's annual goal is to increase same-store sales 5% with an average margin of 32.3%. For the quarter, same-store sales were up 6.1% with an average margin of 32.7%. Due to the retail price adjustments made last fiscal year, Casey's made great strides in increasing our market share for cigarettes compared to the first quarter a year ago. Despite the significant price reductions in cigarettes, gross profit increased 7.4% for the total category in the first quarter." Total sales for the quarter were $423.6 mln and gross profit was $138.4 mln."

4:06 pm Stratasys announces 4 mln share public offering (SSYS) : J.P. Morgan is acting as sole book-running manager for the offering, and Piper Jaffray, Morgan Stanley, BofA Merrill Lynch, and Needham & Company are acting as co-managers for the offering.

4:05 pm 8x8 appoints Vikram Verma as Chief Executive Officer (EGHT) : Mr. Verma, who has served on co's Board of Directors since being recruited by Mr. Martin and General Hecker in January 2012, brings over 23 years of diverse executive experience to 8x8, including President of Strategic Venture Development at Lockheed Martin and Chairman of the Board and CEO of Savi Technology. Former CEO Bryan Martin will assume the role of Chief Technology Officer and will continue as Chairman of the Board of Directors.

4:03 pm EVERTEC announces partial release of lock-up agreement (EVTC) : EVTC announced that Goldman and JP Morgan, joint bookrunners of co's initial public offering in April 2013, have agreed to waive certain lock-up restrictions applicable to co and certain shares of co's common stock. This waiver will permit the sale of such shares by selling stockholders, including shares held by certain officers and current and former employees of co, subject to the execution of an underwriting agreement and new lock-up agreements in connection with the recently announced proposed offering.

4:03 pm Pzena announces August 31, 2013 AUM of $21.6 bln vs $21.4 bln in prior month and $16.4 bln in prior year (PZN) :  

4:02 pm Starwood Property Trust announces public offering of 25 mln shares of common stock - no price disclosed (STWD) : STWD announced that it is offering 25 mln shares of its common stock in an underwritten public offering. Co intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments. Co may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, the payment of liabilities and other working capital needs.

4:02 pm Neurocrine Biosci announces Phase IIb results Of VMAT2 Inhibitor NBI-98854 for treatment of tardive dyskinesia; 50mg dose of NBI-98854 did not meet the primary endpoint in the Phase IIb Kinect study while the 100mg dose showed a statistical and clinically significant improvement (NBIX) : Co announced that the 50mg dose of NBI-98854, a small molecule VMAT2 inhibitor in development for tardive dyskinesia, did not meet the primary endpoint in the Phase IIb Kinect study while the 100mg dose showed a statistical and clinically significant improvement. The pre-specified primary endpoint was the change-from-baseline in the Abnormal Involuntary Movement Scale (AIMSF) at Week 6 in the intent-to-treat (ITT) population. Although the 50mg dose of NBI-98854 did not reach statistical significance for the primary endpoint at Week 6, the 100mg dose, utilizing the blinded central video AIMS assessment, showed a statistically significant and clinically meaningful reduction in tardive dyskinesia symptoms at Week 2 (the end of the 100mg dose interval). AIMS scores were reduced by 5.5 points in the 100mg per-protocol (:PP) group compared to a reduction of 2.7 points in placebo (p=0.008), and the responder rate (>= 50% improvement from baseline) was 48% in the 100mg group compared to 23% in placebo (p=0.034). The 100mg dose was expected to be a maximum tolerated dose based on earlier data; however in this patient population, 100mg was well tolerated. The pre-specified statistical analysis plan included three data sets: safety set (all subjects with at least one dose), ITT set (all randomized subjects with at least one AIMS assessment) and the PP set (all subjects except those with no detectable drug levels at the evaluation time point).