Among the companies with shares expected to actively trade in
Thursday's session are Cisco Systems Inc. (CSCO), Agilent
Technologies Inc. (A) and PetSmart Inc. (PETM).
Cisco raised its quarterly dividend 75% after cost controls and
market-share gains pushed the network equipment maker's earnings
above its downbeat expectations. The company's fiscal
fourth-quarter earnings climbed 56%, helped by falling operating
expenses and despite continued declining demand from European
customers and the U.S. federal government. Shares rose 5.4% to
$18.29 after hours.
Agilent's fiscal third-quarter profit fell 26% as the
testing-and-measuring equipment maker reported higher expenses and
weaker margins. Shares fell 7.6% to $37.40 after hours as results
missed Agilent's expectations and the company lowered its full-year
guidance.
PetSmart's fiscal second-quarter earnings improved 28%, as the
pet-products retailer's same-store sales and margins climbed.
Shares jumped 6.2% to $71.61 after hours as results topped
estimates.
Applied Materials Inc.'s (AMAT) fiscal third-quarter profit fell
54% as the semiconductor-equipment maker recorded lower sales and
restructuring charges. Shares fell 3.9% to $11.40 after-hours as
the company said it sees an even deeper slowdown for
chip-production gear spending in the current period and issued
guidance below analyst expectations. Shares fell 4% to $11.33 after
hours.
CompuCredit Holdings Corp. (CCRT) said it has begun a cash
tender offer for up to 8.25 million shares of its common stock at a
99% premium to its closing price Wednesday. Shares soared 57% to
$7.90 after hours, but remained below the specialty finance
company's purchase price of $10 a share.
NetApp Inc.'s (NTAP) fiscal first-quarter profit fell 54%, but
largely in-line results and guidance from the data-storage company
helped alleviate some worries about spending by business users.
Shares climbed 5.5% to $33.49 after hours as adjusted earnings
topped the company's weak projections from May.
NetEase Inc.'s (NTES, K3MD.SG) second-quarter earnings increased
13% as the Internet company posted stronger revenue from online
games and advertising. However, its American depositary shares
slipped 8% to $53.50 after hours Wednesday as results missed
analyst expectations.
New York Mortgage Trust Inc. (NYMT) unveiled an offering of 10
million shares, saying it wants to raise money to buy
mortgage-backed securities. Shares were off 2.2% to $6.79 after
hours.
Sina Corp.'s (SINA) second-quarter surged higher, as the Chinese
Internet company's results were boosted by an equity investment,
masking sharply higher costs. Shares rose 5.2% after hours
Wednesday to $53.55 after the company posted a surprise adjusted
profit.
Watchlist:
AFC Enterprises Inc.'s (AFCE) fiscal second-quarter earnings
jumped a better-than-expected 20% as the restaurant operator saw
same-store sales continue to climb, especially in the U.S.
Hot Topic Inc.'s (HOTT) fiscal second-quarter loss narrowed as
the teen-apparel retailer's revenue and margins strengthened.
Limited Brands Inc.'s (LTD) fiscal second-quarter profit fell
38% on fewer one-time gains and slightly weaker sales. But the
company's adjusted earnings and sales edged out expectations, and
Limited raised its full-year outlook.
Ross Stores Inc. (ROST) said it approved a new management
succession plan, under which Chief Executive Michael Balmuth will
transition to the role of executive chairman in 2014.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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