Among the companies with shares expected to actively trade in
Wednesday's session are Priceline.com Inc. (PCLN), First Solar Inc.
(FSLR) and Accretive Health Inc. (AH).
Priceline.com's bookings momentum was back on the ascent in
fourth quarter, with earnings rising 28% as international business
surged. Shares rose 3.8% after hours to $704 as the company's
adjusted earnings came in ahead of guidance.
First Solar swung to a fourth-quarter profit as the solar-panel
maker's revenue strengthened and as hefty goodwill impairment
charges weighed on year-ago results. Shares sank 11% to $27.91
after hours, as the company provided weak guidance for the current
quarter. Shares of fellow solar panel maker SunPower Corp. (SPWR)
were down 4.4% at $11.18 after hours.
Accretive Health is postponing the release of its fourth-quarter
and full-year results because it is evaluating the timing of
revenue recognition for its revenue-cycle management agreements.
Shares tumbled 20% to $9.70 after hours as the company said it is
withdrawing the financial guidance it provided in November.
Big 5 Sporting Goods Corp. (BGFV) swung to a fiscal
fourth-quarter profit as revenue rose and impairment charges hurt
the company's year-earlier results. However, shares climbed 7.9% to
$16.35 after hours as the sporting goods retailer provided upbeat
earnings guidance for the first-quarter and raised its quarterly
dividend.
Edison International's (EIX) fourth-quarter loss narrowed as the
utility company's Southern California Edison utility posted
stronger results. Shares rose 4.1% to $48 after hours as the
company forecast core earnings for the new year above analyst
expectations.
Guidewire Software Inc.'s (GWRE) fiscal second-quarter earnings
climbed 49% as the provider of software for property/casualty
insurers reported double-digit revenue gains across its segments.
Shares jumped 14% to $36.03 after hours as results topped the
company's expectations.
Meru Networks Inc. (MERU) unveiled plans to offer common stock,
but didn't specify how many shares it is selling. The company,
which makes wireless local area network products, had 18.3 million
shares as of Dec. 31. Shares slumped 9.3% to $3.72 after hours.
Papa John's International Inc. (PZZA) has restated its financial
results for the 2009 through 2011 fiscal years as well as the first
three quarters of 2012 due to an accounting error for one of its
joint-venture agreements. The pizza-delivery company on Tuesday
also reported its fourth-quarter earnings rose 9.2% as it benefited
from an extra week of sales in the latest period, though core
earnings fell short of analyst expectations. Shares were down 8.2%
at $52 after hours.
Watchlist:
American Water Works Co.'s (AWK) fourth-quarter earnings fell
14% as the water-utility-holding company was hurt by higher
expenses that masked revenue growth at its regulated
businesses.
Avago Technologies Ltd.'s (AVGO) fiscal first-quarter earnings
were flat while the chip maker said Chief Financial Officer Douglas
Bettinger has resigned.
Fitch Ratings downgraded its credit ratings on Avon Products
Inc. (AVP) to junk teritory, the first of the three major ratings
firms to do so, citing the door-to-door cosmetics vendor's
continued decline in U.S. revenues and lack of sustainable income
growth in key international markets.
BB&T Corp. (BBT) said it will record a charge of $281
million in the first quarter to increase its reserves related to an
ongoing disputed tax liability.
DreamWorks Animation SKG Inc. (DWA) said Tuesday it took a
write-down of $165 million in the fourth quarter of 2012 due to the
weak box-office performance of one movie and the decision to halt
production of another. It reported it swung to a loss for the
fourth-quarter.
Dycom Industries Inc.'s (DY) fiscal second-quarter earnings fell
58% as higher expenses and acquisition-related costs masked
improved revenue at the telecommunications contractor. Earnings
topped analysts' estimates.
Hyperion Therapeutics Inc. (HPTX) filed plans to offer as much
as $50 million of common stock as the biopharmaceutical company
looks to raise funds for the clinical development of Ravicti, its
treatment for rare but potentially deadly genetic disorders that
affect the urea cycle, as well as for working capital and general
corporate purposes, according to a regulatory filing. The company
has a market capitalization of about $318 million.
Moody's Investors Service has downgraded Leap Wireless
International Inc.'s (LEAP) ratings by one notch, on expectations
that subscriber churn and capital intensity will remain high,
causing leverage to increase.
Live Nation Entertainment Inc.'s (LYV) fourth-quarter operating
loss widened amid a $62.7 million write-down at its Artist Nation
marketing business, masking the concert-promotion company's broad
revenue growth, led by its concert business.
PG&E Corp. (PCG) has commenced an offering of 7.2 million
shares. The gas and electricity utility had 431.4 million shares
outstanding as of Feb. 11.
Range Resources Corp. (RRC) swung to a fourth-quarter profit as
the independent producer benefited from increased production and an
increase in gains from the sale of properties.
TiVo Inc. (TIVO) swung to a fiscal fourth-quarter loss on
larger-than-expected legal expenses and a tough comparison with
last year's settlement with AT&T Inc. (T), but revenues grew
34% and the company continued to add subscribers.
Vornado Realty Trust's (VNO) fourth-quarter earnings slipped
1.3% as the commercial-property owner reported a loss from its
stake in J.C. Penney Co. (JCP), though core funds from operations
and revenues improved.
Weatherford International Ltd.'s (WFT) fourth-quarter loss
widened as the oilfield-services company posted $122 million in
special charges, offsetting record revenue for the period.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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