Among the companies with shares expected to actively trade in
Wednesday's session are Xyratex Ltd. (XRTX), Globecomm Systems Inc.
(GCOM) and Steel Dynamics Inc. (STLD).
Xyratex lowered its fiscal third-quarter revenue expectations,
pointing to reduced demand from large customers in its core
enterprise data-storage division and deferrals in meeting
acceptance testing criteria for its latest products. The
storage-systems provider's shares sank 17% to $8.93 after
hours.
Globecomm's fiscal fourth-quarter earnings more than tripled as
infrastructure revenue at the provider of satellite-based
communication services increased, though service revenue and
margins weakened. Shares plummeted 21% to $10.50 after-hours as the
company forecast results for the new fiscal year below analyst
expectations.
Steel Dynamics expects third-quarter earnings to come in far
short of Street expectations, as the steel maker sees shipments
falling. Shares of the company fell 4.8% in after-hours trading to
$11.69.
Facebook Inc. (FB) Chief Executive Mark Zuckerberg made his
first public comments since his firm's flawed initial public
offering of stock on Tuesday, and acknowledged that his diminished
stock price might encourage some employees to leave. Shares were up
3.5% to $20.10 after hours.
Red Lion Hotels Corp. (RLH) has suspended its review of
strategic alternatives after the midscale hotels company didn't
receive any buyout or merger offers. Shares fell 6.9% to $7.20
after hours.
Santarus Inc. (SNTS) said an advanced study of an
investigational antibiotic met its primary endpoint in treating
travelers' diarrhea. Shares jumped 3.7% in after-hours trading to
$8.09.
Teekay Offshore Partners LP (TOO) plans to offer roughly seven
million of its common units, representing limited partner
interests. The provider of marine transportation and other services
to the offshore oil industry had about 70.6 million units
outstanding as of June 30. Shares were off 4.6% to $27.43 after
hours.
Vanguard Natural Resources LLC (VNR) is offering six million of
its common units, representing limited-liability company interests.
The oil and gas exploration company had about 51.6 million common
units as of Aug. 1. Units were down 4.4% to $27.41 after hours.
Watchlist:
PepsiCo Inc. (PEP) President John Compton is leaving the global
food and beverage giant to become chief executive of privately held
Pilot Flying J, which operates truck stops and convenience
stores.
Medical staffing company Team Health Holding Inc.'s (TMH)
principal stockholder, Ensemble Health LLC, is offering eight
million shares. The selling shareholder is an affiliate of the
Blackstone Group L.P. (BX), which owns about 26.4 million
shares--or a roughly 39% stake in the company, according to a
regulatory filing. After the offering, Blackstone and its
affiliates are expected to own between roughly 26% and 27% of the
company shares.
Texas Instruments Inc. (TXN) narrowed its third-quarter revenue
outlook around the midpoint of its guidance and lifted the lower
end of its earnings outlook as an insurance payment and cost cuts
masked softer demand.
Trina Solar Ltd. (TSL) unveiled plans to streamline its
business, including plans to separate its photovoltaic module and
systems units, as the Chinese solar-products maker looks to cut
costs amid an increasingly competitive solar PV industry.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires