Among the companies whose shares are expected to actively trade
in Wednesday's session are Apple Inc. (AAPL), Yahoo Inc. (YHOO) and
CA Inc. (CA).
Apple's fiscal first-quarter earnings more than doubled, as both
profit and revenue hit record highs, led by strong sales of the
iPhone and iPad. Shares jumped 7.3% at $451.18 in recent
after-hours trading as the results blew past analyst
expectations.
Yahoo's fourth-quarter earnings fell 5.3% on a bigger tax
provision, while the Internet company's operating income improved
thanks to lower operating and revenue costs despite weaker revenue.
Shares rose 0.9% to $15.55 in recent after-hours trading.
CA's fiscal third-quarter earnings rose 32% as the
business-software maker saw revenue growth in each of its three
segments. Shares surged 15% to $26.25 in after-hours trading as the
company also unveiled a capital allocation program that targets the
return of up to $2.5 billion to shareholders through fiscal year
2014.
Advanced Micro Devices Inc. (AMD) swung to a fourth-quarter loss
as write-downs tied to the chip maker's investment in its spun-off
foundry business offset stronger personal-computer processor sales.
Shares slipped 2.9% to $6.34 after hours as AMD's soft revenue
overshadowed its stronger-than-expected core earnings. The stock
had fallen 15% over the past year through Tuesday's close.
Norfolk Southern Corp.'s (NSC) fourth-quarter earnings rose 19%
as the railroad company recorded revenue growth across its
segments, with particular strength in its coal business. However,
shares declined 2.6% to $73.50 in recent after-hours trading as
revenue missed analyst expectations.
Kinder Morgan Energy Partners LP (KMP) said it plans to spend
roughly $140 million to further expand coal export operations along
the Gulf Coast and reached a long-term throughput agreement with
Arch Coal Inc. (ACI). Kinder Morgan Energy said the companies are
in final discussions to include port space for coal shipments at
Kinder's facilities on the East Coast. Shares declined fractionally
to $88.47 after hours.
Fusion-io Inc.'s (FIO) fiscal second-quarter earnings loss
narrowed as the data-efficiency specialist more than doubled its
top line, but its costs took up a bigger proportion of the revenue
than in the year prior. Share were down 13% at $26.27 after
hours.
Tempur-Pedic International Inc.'s (TPX) fourth-quarter earnings
rose 22% as the mattress company reported stronger sales of
mattresses and pillows. Shares rose 4.7% to $65.20 in recent
after-hours trading as the company projected 2012 results that
exceeded expectations.
Mercury Computer Systems Inc. (MRCY) reported its fiscal
second-quarter earnings rose 75% as sales to defense customers
increased. However, shares dropped 10% to $13.45 after-hours as the
company lowered its full-year earnings forecast.
Radian Group Inc. (RDN) said it entered a three-pronged
transaction with units of fellow insurer Assured Guaranty Ltd.
(AGO) that it said would significantly increase its capital
position and preserve liquidity. Shares in mortgage insurer Radian
were up 6.1% at $3.13 in after-hours trading. Assured shares were
down 4 cents at $15.52.
Williams Partners LP (WPZ) unveiled plans Tuesday to offer 6.5
million common units as the company looks to raise money to fund
capital expenditures and for other general partnership purposes.
Units slipped 3.4% to $62.65 after hours.
Watch List
Altera Corp. (ALTR) fourth-quarter earnings fell 37% on weak
sales, as the semiconductor maker reported sequential revenue drops
in all its markets.
Buckeye Technologies Inc. (BKI) swung to a fiscal second-quarter
loss on a significant write-down, but adjusted earnings rose as the
fiber maker improved margin and specialty-fiber sales. The company
also increased its quarterly dividend by a penny to 7 cents a
share.
Ethan Allen Interiors Inc.'s (ETH) fiscal second-quarter profit
slumped 45% after a tax benefit in the year-earlier period, but the
home-furnishings company's adjusted earnings rose on higher sales
and margin.
Everest Re Group Ltd. (RE) said it expects to incur net
catastrophe losses of about $245 million, after reinstatement
premiums and taxes, for the fourth quarter as losses from the
flooding in Thailand topped prior estimates.
A federal appeals court upheld a ruling against General Electric
Co.'s (GE) financing arm that charged the conglomerate with
understating some of its taxable income.
Martin Marietta Materials Inc. (MLM) unveiled the names of five
candidates it plans to push for election onto Vulcan Materials
Co.'s (VMC) board, prompting the takeover target to again rebuke
its hostile suitor.
Stryker Corp.'s (SYK) fourth-quarter earnings rose 36% as the
medical-device maker reported revenue growth despite a soft market
for orthopedic joint replacements.
Total System Services Inc.'s (TSS) fourth-quarter profit rose
27% as the payment-services provider's top line grew in every major
region.
-Edited by Maya Pope-Chappell and Ian Thomson; write to
maya.pope-chappell@dowjones.com and ian.thomson@dowjones.com