Among the companies with shares expected to actively trade in
Wednesday's session are Facebook Inc. (FB), Netflix Inc. (NFLX) and
InvenSense Inc. (INVN).
Facebook posted a quarterly loss Tuesday as costs mounted, but
the social site also issued some encouraging data on its progress
in making money from mobile phone use. The company said that 14% of
its advertising sales in the period came from mobile devices.
Shares rose 13% after hours to $22.01.
Netflix reported an 88% decline in third-quarter net income and
signaled the expense of its international expansion would weigh on
profits as the year closes out. The company said it expected
overseas markets to report as much as a $119 million loss in the
fourth quarter, effectively wiping out the gains it will pull in
from its U.S. streaming customers. Shares slumped 16% to $57.09
after hours.
InvenSense said Chairman and Chief Executive, Steven Nasiri, is
stepping down from the company he founded and will be succeeded by
board member Behrooz Abdi. Shares sank 18% to $10.28 after
hours.
Buffalo Wild Wings Inc.'s (BWLD) third-quarter profit fell 5%,
as healthy sales trends were overshadowed by stubbornly high
chicken-wing prices, causing the company to lower its earnings
expectations for the year. Shares slid 11% to $74 after hours.
Donaldson Co. (DCI) cut its fiscal-year guidance, citing
weakened conditions in its markets as engine original-equipment
manufacturers and disk drive customers have lowered their
production levels. Shares were off 5.2% to $30.97 after hours.
IRobot Corp. (IRBT) reported its third-quarter profit rose 8.2%
as the robot company saw revenue growth on the back of stronger
home-robots sales, but shares dropped 15% to $19.33 after hours as
the company warned its outlook has deteriorated.
Panera Bread Co.'s (PNRA) third-quarter earnings jumped 27% as
same-store sales continued to improve for the bakery-cafe chain.
Shares rose 5.6% after hours to $169.25 on the company's
better-than-expected results and as Panera increased full-year
guidance.
Polycom Inc. (PLCM) swung to a third-quarter loss as the
video-conferencing company posted weaker revenue and was weighed
down by acquisition-related and restructuring costs. Shares were up
3.7% after hours to $9.60, however, as results were better than
expected.
RF Micro Devices Inc. (RFMD) swung to a second-quarter loss as
the chip maker continued to battle sluggish global demand for
semiconductors. But the profit and revenue results beat the
company's expectations, and shares rose 11% in after-hours trading
to $4.40.
STMicroelectronics N.V. (STM, STM.MI, STM.FR) swung to a
third-quarter loss as the company faced continued sluggishness in
the global semiconductor business, and recorded a large write-down
on its wireless business. Shares were down 5.5% to $5.70 after
hours.
Tempur-Pedic International Inc. (TPX) swung to a loss in the
third quarter as increased competition continued to take a toll on
the mattress maker, pushing sales below expectations. Shares
plunged 18% to $25.99 after hours as the company also cut its
outlook for the year.
The Food and Drug Administration has declined to approve United
Therapeutics Corp.'s (UTHR) new drug application for an oral
formulation of a drug to treat high blood pressure, the
biotechnology company said. Shares tumbled 8.2% to $48.89 after
hours.
XOMA Corp. (XOMA) unveiled plans to offer common stock, but
didn't specify the number of shares. The drug maker plans to use
proceeds for the continued development and testing of its diabetes
treatments gevokizumab and XMet platform, as well as for other
corporate purposes. The company had about 68.2 million shares
outstanding as of Aug. 3. Shares slid 8.1% to $2.96 after
hours.
Zynga Inc. (ZNGA) is cutting staff for the first time in the
social game firm's brief history, by parting ways with about 5% of
its workforce. Shares fell 5.5% to $5.70 after hours.
Watchlist:
Ace Ltd. (ACE) swung to a third-quarter profit as the insurer
booked lower realized losses and benefited from growth in premiums
written.
Aflac Inc.'s (AFL) third-quarter earnings rose 38% as the life
insurer benefited from double-digit revenue growth and net
investment gains.
Altera Corp.'s (ALTR) third-quarter profit fell 15% as the chip
maker continued to record declining sales.
Amgen Inc.'s (AMGN) third-quarter earnings more than doubled as
newer products contributed to revenue growth and the
biopharmaceutical company's year-earlier results were hurt by
litigation-related charges.
Boston Properties Inc.'s (BXP) third-quarter earnings slipped
18% as the office landlord's results were hurt by higher interest
expense and losses on early extinguishments of debt, though rental
revenue improved.
Broadcom Corp.'s (BRCM) third-quarter profit fell 19% as rising
costs offset the chip maker's growing revenue.
Buckeye Technologies Inc.'s (BKI) fiscal first-quarter profit
slipped 28% as revenue was hurt by a facility outage and weaker
demand in some markets.
Logistics company C.H. Robinson Worldwide Inc.'s (CHRW)
third-quarter earnings rose 1.7% as sales in its key trucking
segment improved, as did those in its sourcing and payment services
divisions.
C.R. Bard Inc.'s (BCR) third-quarter profit was roughly flat
from a year earlier as sales rose less than expected at the
medical-device firm.
Chicago Bridge & Iron Co.'s (CBI) third-quarter earnings
rose 11% as the engineering and construction company recorded
stronger results in two of its three segments, masking lower new
awards.
Dow Chemical Co. (DOW) unveiled plans to cut 5% of its workforce
and shut down 20 manufacturing facilities, as the chemicals giant
looks to further cut costs as it faces a weak macroeconomic
environment.
Gilead Sciences Inc.'s (GILD) revenue jumped 14% in the third
quarter on the strength of its blockbuster HIV drug franchise, but
research and development costs ate into profit, which fell 8.9%
from a year earlier.
Fortune Brands Home & Security Inc.'s (FBHS) income jumped
in the third quarter, as new construction spurred cabinet sales and
its steady hand on profitability helped the bottom line.
Hanesbrands Inc.'s (HBI) third-quarter profit rose 21% as the
apparel maker saw higher sales and some relief from elevated cotton
costs.
Telecommunications company IDT Corp. (IDT) has suspended its
regular quarterly dividend for the 2013 fiscal year, citing
uncertainty surrounding federal tax rates, but will pay out the
total planned amount for the year upfront in the form of a special
dividend.
Juniper Networks Inc.'s (JNPR) third-quarter earnings dropped
80% as restructuring charges offset modest revenue growth from the
network-gear maker's service business lines, though its chief
executive warned of more demand challenges ahead. The company's
estimate of earnings this quarter remained cautious.
Millennial Media Inc. (MM) said an offering of 10 million of its
shares priced at a 0.7% discount to Tuesday's close.
Monster Beverage Corp. (MNST) defended the safety of its
products, a day after the Food and Drug Administration said it is
investigating reports that five people may have died after drinking
the company's caffeine-packed drinks.
Nabors Industries Ltd.'s (NBR) third-quarter earnings rose 1.9%
as the oil-and-gas drilling contractor reported revenue growth, led
by its international business and the year-earlier period was hit
by asset write-downs.
Norfolk Southern Corp.'s (NSC) third-quarter profit fell 27% as
the railroad reported lower revenue from its two biggest
segments.
VMware Inc.'s (VMW) third-quarter earnings slipped 12% as the
software maker reported higher operating expenses and
lower-than-expected bookings, though it posted double-digit revenue
gains from both services and licenses.
Willis Group Holdings PLC's (WSH) third-quarter profit fell 57%
on lower fees and commissions, higher costs and fewer one-time
benefits.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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