Among the companies with shares expected to actively trade in
Tuesday's session are DeVry Inc. (DV), Baidu Inc. (BIDU, K3SD.SG)
and VMware Inc. (VMW).
DeVry forecast downbeat results for its fiscal fourth quarter
and said it plans to cut its workforce, as the for-profit educator
said higher-than-anticipated operating costs and continued weakness
in student enrollment continued to weaken its results. Shares
slumped 22% to $21.40 after hours. The weak guidance also pressured
peers Apollo Group Inc. (APOL), which runs the University of
Phoenix, and ITT Educational Services Inc. (ESI). Apollo sank 7.4%
to $26.78 and ITT fell 5.8% to $54 after hours.
Baidu's second-quarter profit grew 70% as the Chinese
Internet-search giant saw its revenue still soaring on stronger ad
sales, though costs continued to rise. American depositary shares
jumped 5.3% to $112.77 as results beat analysts' estimates.
VMware Inc. (VMW) made its largest deal ever Monday, pushing
deeper into the data-center business by agreeing to acquire
networking company Nicira Inc. in a deal valued at $1.26 billion.
The company also reported its second-quarter earnings slipped 13%.
Shares were off 3.7% to $85.95 after hours.
Crestwood Midstream Partners LP (CMLP) lowered its full-year
earnings guidance, noting the impact of delays in well completions
on second-quarter results and moderated drilling activity in dry
gas areas for the remainder of the year. Shares slid 3.9% to $27.70
after hours.
Pfizer Inc. (PFE), Johnson & Johnson (JNJ) and their
partner, Elan Corp. (ELN), said Monday that a highly anticipated
experimental drug for Alzheimer's disease called bapineuzumab
wasn't effective at slowing memory loss in a large, late-stage
clinical trial in patients with a high-risk genetic mutation. Elan,
which has an approximately 25% stake in the drug, saw shares
decline 18% to $11.10 after hours.
Sanmina-SCI Corp.'s (SANM) fiscal third-quarter profit fell 4.9%
as the electronics manufacturing company saw demand suffer in an
uncertain global economy. But the company said that it expects
revenue to beat expectations in the current quarter, and shares
jumped 12% after hours to $8.01.
Pharmaceutical company Zogenix Inc. (ZGNX) unveiled plans to
offer an unspecified number of shares of common stock. It plans to
use proceeds to repay debt, fund the development of its
chronic-pain drug Zohydro and ongoing commercialization of its
Sumavel DosePro needle-free delivery system, as well as for working
capital and other general corporate purposes. Shares slipped 13% to
$1.85 after hours.
Watchlist:
Standard & Poor's Ratings Services downgraded Booz Allen
& Hamilton Inc.'s (BAH) speculative grade ratings by a notch on
expectations that the consulting company's planned special dividend
of about $1 billion will lead to sharply increased leverage
levels.
Chart Industries Inc. (GTLS) has agreed to acquire medical
oxygen generator AirSep Corp. for $170 million in cash, in a deal
expected to expand its gas processing capabilities and complement
its energy business.
Crane Co.'s (CR) second-quarter profit rose 24%, aided by the
sales of two businesses, though restructuring costs weighed down
its largest segment. The company narrowed its guidance for the year
to reflect recent divestitures.
Fidelity National Financial Inc.'s (FNF) second-quarter earnings
jumped 84% as the title insurer got a boost from its restaurant
operations.
Owens & Minor Inc. (OMI) reported second-quarter earnings
increased 3.3% as revenue improved and said it plans to acquire
Celesio AG's (CLS1.XE) healthcare third-party logistics business
Movianto Group for about 130 million euros ($158 million),
launching the medical-products distributor into the European
health-care market.
Rent-A-Center Inc.'s (RCII) second-quarter earnings rose 11% as
the provider of rent-to-own home merchandise continued to see
strong growth at its RAC Acceptance arm.
Stanley Black & Decker Inc. (SWK) has agreed to acquire Hong
Kong-based fastener manufacturer Infastech from private equity
groups for $850 million in cash, in a deal aimed at further
expanding the acquisitive tool maker's footprint in Asia.
Steel Dynamics Inc.'s (STLD) second-quarter profit fell 55%, as
increased imports and domestic capacity caused steel prices to
weaken.
STMicroelectronics N.V. (STM, STM.FR, STM.MI) swung to a
second-quarter loss as the semiconductor company saw softer results
in its digital and automotive businesses.
Texas Instruments Inc. (TXN) reported a 34% decline in
second-quarter profits and predicted soft third-quarter results,
saying an uncertain economic climate is leading to caution among
the chip maker's customers and distributors.
Payment processor Vantiv Inc. (VNTV) said its largest
shareholder, Advent International Corp. planned to offer about 12.2
million Class A shares.
Zions Bancorp's (ZION) second-quarter profit jumped 26% as the
Utah regional bank recorded a smaller provision for loan losses and
as credit quality continued to improve.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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