Among the companies with shares expected to actively trade in
Thursday's session are Zynga Inc. (ZNGA), Western Digital Corp.
(WDC) and Whole Foods Markets Inc. (WFM).
Zynga swung to a second-quarter loss as costs surged and
year-over-year revenue growth slowed. Shares plunged 39% after
hours to $3.12 after the company sharply lowered its full-year
earnings estimates, saying it is seeing a faster decline in
existing web games due to a more challenging environment on
Facebook Inc. (FB) and reduced expectations for its "Draw
Something" game. Meanwhile, Facebook shares dropped 7.6% to $27.10
after hours and Chinese social-networking company Renren Inc.'s
(RENN) shares slipped 5.6% to $3.88.
Western Digital reported surprisingly strong fiscal
fourth-quarter results as the hard-disk-drive maker benefited from
its recent acquisition and the recovery from severe flooding.
Shares jumped 19% to $38.80 after hours as adjusted earnings and
revenue were stronger than Western Digital had projected. Rival
Seagate Technology Inc.'s (STX) shares also rose 13% to $29.70
after hours.
Whole Foods' fiscal third-quarter earnings rose 32% as the
natural-foods supermarket recorded stronger revenue and margins.
The company raised its full-year view. Shares climbed 12% to $94.35
after hours.
Akamai Technologies Inc.'s (AKAM) second-quarter earnings fell
7.7% as a double-digit percentage jump in expenses masked another
quarter of strong revenue growth from the Internet technology
company. Shares surged 17% to $33.10 in after-hours trading as both
adjusted earnings and revenue topped the company's own
forecasts.
Cheesecake Factory Inc.'s (CAKE) second-quarter earnings rose
14.8% as the restaurant operator's namesake restaurant chain posted
higher same-store sales by attracting more customers and its
margins rise. Shares jumped 5.5% to $32.05 after hours.
Fortinet Inc.'s (FTNT) second-quarter earnings slipped 3.8% as
the network-security company recorded a larger income-tax provision
and increased expenses, though revenue topped its own expectations.
Shares jumped 10% to $24.73 after hours as the company's billings
increased at their fastest rate in more than a year.
LogMeIn Inc.'s (LOGM) second-quarter earnings fell 79% as the
information technology's expenses rose and margins weakened. Shares
slipped 16% to $25.80 after hours as LogMeIn lowered its full-year
guidance and issued a downbeat outlook for the current quarter.
MKS Instruments Inc.'s (MKSI) second-quarter profit sank 52% as
demand for chip manufacturing slowed, a trend expected to continue
into the current quarter. Shares slumped 8.8% in after-hours
trading to $24.
Synacor Inc.'s (SYNC) second-quarter earnings soared from a year
earlier as the telecom services provider reported improved search
and display as well as subscription-based revenues. However, shares
slipped 10% to $11.60 after hours as the company forecast
current-quarter revenue below analyst expectations and projected
full-year revenue to be at the lower end of its earlier
estimates.
Terex Corp.'s (TEX) swung to a second-quarter profit as the
construction-machinery maker saw stronger revenue in its aerial
work platforms and cranes segments. Shares jumped 14% to $16.07
after hours as earnings topped analyst expectations and as the
company raised its full-year earnings guidance.
Watchlist:
Ameriprise Financial Inc.'s (AMP) second-quarter earnings fell
29% as the financial-services provider saw fees fall from
management and financial advice, as well as a decline in net
investment income. Results were below Wall Street expectations.
Angie's List Inc.'s (ANGI) second-quarter loss widened as the
online review site continued to log higher selling and marketing
expenses, offsetting a jump in revenue.
Arch Capital Group Ltd.'s (ACGL) second-quarter core earnings
more than doubled as the insurance and reinsurance company saw a
double-digit rise in net premiums written. Results beat Wall Street
expectations.
AvalonBay Communities Inc.'s (AVB) second-quarter earnings
surged as the multifamily housing real-estate investment trust
continued to benefit from higher rents, particularly on the West
Coast. It also raised its full-year outlook.
C.R. Bard Inc. (BCR) swung to a second-quarter profit, after its
year-earlier period was weighed down by legal-related costs, and
said all four of the company's major segments reported improved
revenues.
Christopher & Banks Corp. (CBK) expects fiscal
second-quarter sales to decline, reflecting fewer stores, but the
women's retailer defended its turnaround plan, citing improvements
in same-store sales.
Citrix Systems Inc.'s (CTXS) second-quarter earnings rose 12% as
the software maker reported broad revenue gains. Adjusted earnings
and revenue beat its expectations.
Cliffs Natural Resources Inc.'s (CLF) second-quarter earnings
slumped 37% as the mining company saw lower sales margins and
higher expenses.
Community Health Systems Inc.'s (CYH) second-quarter earnings
surged over the year-ago period, hit by a big charge while
admissions also grew.
Crown Castle International Corp.'s (CCI) second-quarter earnings
surged as the cell-tower company posted a large tax benefit and
revenue improved with a boost from a recent acquisition.
Standard & Poor's Ratings Services cut Duke Energy Corp.
(DUK) a notch, citing impacts from the company's abrupt leadership
changes.
Energen Corp.'s (EGN) second-quarter earnings more than doubled
as the company saw a double-digit rise in revenue, buoyed by gains
from oil and gas operations that offset a fall in natural-gas
distribution revenue.
Equifax Inc.'s (EFX) second-quarter earnings more than doubled
compared to a year-earlier loss of $27.8 million related to the
merger of its Brazilian business and as the credit-reporting
company reported broad-based revenue growth.
Equity Residential's (EQR) second-quarter earnings sank 81%,
compared with a year-ago period that was boosted by the real estate
investment trust's gains on discontinued operations. But revenue
and key profitability measures jumped, and the REIT raised the
lower end of its full-year outlook for normalized funds from
operations.
Everest Re Group Ltd.'s (RE) second-quarter profit jumped 63% as
the insurer benefited from a comparison with a year-earlier period
hit by heavy losses from natural disasters.
Flextronics International Ltd.'s (FLEX) fiscal first-quarter
profit sank 2.7% as the contract-electronics manufacturer's revenue
plummeted and losses from discontinued operations weighed down
results, though input costs fell.
Hill-Rom Holdings Inc. (HRC) said it has acquired privately-held
Aspen Surgical Products for $400 million as the hospital
bed-supplier looks to expand to surgical consumable products. The
company also reported its fiscal third-quarter earnings soared as
the company's international sales improved and as charges weighed
on year-ago results.
Lam Research Corp.'s (LRCX) fiscal fourth-quarter profit slid
86% as margins weakened sharply and the semiconductor-equipment
maker shouldered costs from a recent acquisition.
Las Vegas Sands Corp.'s (LVS) second-quarter earnings fell 34.6%
on lower casino win, increased legal expenses and certain
impairment charges. Although the casino operator's revenue rose,
its results sorely missed analysts expectations.
LSI Corp.'s (LSI) second-quarter earnings fell 80% on a
year-earlier gain of $260.1 million related to the sale of its
external storage systems business.
KBR Inc.'s (KBR) second-quarter earnings rose a
better-than-expected 4%, boosted by fewer provisions for income
taxes, though contributions from its government and infrastructure
business fell sharply.
Newcastle Investment Corp. (NCT) said it plans to offer 20
million shares as the real-estate investment trust looks to raise
funds for general corporate purposes.
O'Reilly Automotive Inc.'s (ORLY) second-quarter earnings rose
9.2% as the auto-parts retailer's revenue and margins continued to
improve. The company again raised its full-year earnings view and
projected third-quarter earnings mostly above analyst
expectations.
Owens-Illinois Inc.'s (OI) second-quarter earnings rose 82% as
the bottle maker reported stronger margins and lower expenses, as
well as an improved performance at it North America operations.
Adjusted earnings beat expectations.
Questar Corp.'s (STR) second-quarter profit decreased 2.7% as
the natural-gas company saw weaker results at its retail
distribution and pipeline segments as revenue fell more than
expected.
Raymond James Financial Inc.'s (RJF) fiscal third-quarter profit
surged 63% as the regional broker saw double-digit revenue growth
buoyed by strong performance from the private-client group.
SL Green Realty Corp.'s (SLG) second-quarter earnings sank 79%
as the real-estate investment trust logged higher expenses, though
its revenue improved.
Skechers USA Inc.'s (SKX) second-quarter loss narrowed sharply
as its margins improved on higher selling prices.
Texas Capital Bancshares Inc. (TCBI) said it will offer 1.75
million shares. The parent company of Texas Capital Bank said it
will use proceeds for general corporate purposes.
Tractor Supply Co.'s (TSCO) second-quarter earnings rose a
better-than-expected 17% as margins improved and it saw stronger
sales of animal- and pet-related merchandise. The company also
lifted its full-year earnings view.
Biopharmaceutical company XenoPort Inc. (XNPT) said it plans to
offer shares but didn't specify how many. It plans to use proceeds
for general corporate purposes.
United Technologies Corp. (UTX) confirmed it has agreed to sell
units of its Hamilton Sundstrand subsidiary to private-equity
groups for $3.46 billion.
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Visa Inc. (V) reported a $1.8 billion loss after taking an
expected $4.1 billion charge in its fiscal third quarter for a
pending settlement of merchant lawsuits over credit-card
transaction fees. Stripping out the charge and related tax benefit,
Visa posted a better-than-expected improvement in quarterly profit
as cardholder spending increased amid weakening economic conditions
in the U.S. and abroad.
Whiting Petroleum Corp.'s (WLL) second-quarter profit fell 26%
as the company recorded a smaller derivative gain and expenses
rose, though production increased.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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