Among the companies with shares expected to actively trade in
Thursday's session are Akamai Technologies Inc. (AKAM), Zynga Inc.
(ZNGA) and Intuit Inc. (INTU).
Akamai's first-quarter earnings rose 65% as the Internet
technology company posted higher revenue and lower
acquisition-related costs. The company followed up with a bright
outlook for the current quarter. Shares jumped 17% to $42.38 after
hours.
Zynga posted a surprise first-quarter profit as the embattled
social-games maker trimmed costs significantly, though bookings
fell nearly as much. Shares sank 8.9% after hours to $3.05 after
the company projected weak second-quarter results.
Intuit cut its fiscal third-quarter and full-year outlook as a
lackluster tax season hit the company's core tax-preparation
business. Shares slipped 9% to $58.39 after hours.
Angie's List Inc. (ANGI) reported a narrower first-quarter loss
as the online review site logged a large uptick in revenue, though
operating costs rose. Shares rose 9.3% to $21.98 in after-hours
trading as the company posted a narrower-than-expected loss and
guided for current-quarter revenue above Wall Street estimates.
AVG Technologies NV's (AVG) first-quarter profit more than
doubled as the Internet security provider got a boost from mobile
users. Shares rose 7.7% in after-hours trading to $15.19 as results
beat the company's expectations.
Bally Technologies Inc.'s (BYI) fiscal third-quarter earnings
rose 28% as its customers upgraded their casino and lottery
equipment. Shares rose 6.4% after-hours to $52.23 as results beat
Street expectations.
Cheesecake Factory Inc.'s (CAKE) first-quarter profit rose about
22% as sales at its namesake chain rose, despite winter storms in
the Northeast. Cheesecake Factory's shares rose 5.5% after hours to
$39.80 as its latest results beat expectations, but its outlook for
the current quarter didn't live up to Wall Street's projection.
Citrix Systems Inc.'s (CTXS) first-quarter earnings fell 13% as
the software maker suffered weaker margins and a heavy impact from
one-time items. Shares fell 11% to $59.96 after-hours Wednesday as
the company also lowered its full-year earnings targets.
Cliffs Natural Resources Inc.'s (CLF) first-quarter profit fell
74% as the mining company reported weaker global iron-ore sales
that weighed on revenue, along with significantly lower income-tax
benefits. However, shares rose 4.5% to $19.04 after hours as
per-share earnings still topped the expectations of Wall Street
analysts.
Data center operator Equinix Inc. (EQIX) reported a 4% increase
in first-quarter profit as new customers in Asia and Europe offset
rising costs for marketing and interest payments. The company's
top-line growth fell short of many analysts' expectations, however,
driving a cautious forecast of revenue in the current quarter.
Shares were down 5% to $205.50 after hours.
Fusion-io Inc. (FIO) said it has acquired NexGen Storage Inc. in
a $119 million cash and stock deal, expanding the data-storage
provider's reach into the small and medium enterprise market.
Shares rose 12% to $18.68 after hours as the company reported a
third-quarter loss that was better than analysts had expected.
Mellanox Technologies Ltd. (MLNX, MLNX.TV) swung to a
first-quarter loss as the data-storage company reported weaker
revenue and sharply higher operating expenses. Shares fell 6.2% to
$58 after hours, as the company's revenue guidance missed analysts'
expectations.
Nexstar Broadcasting Group Inc. (NXST) and partner Mission
Broadcasting Inc. have purchased the stock of Communications Corp.
of America and White Knight Broadcasting for $270 million, a deal
that widens the company's local television broadcasting platform.
Nexstar shares rose 11% to $25 after hours.
O'Reilly Automotive Inc.'s (ORLY) first-quarter earnings rose
4.6% as the auto-parts retailer reported stronger sales. Shares
rose 2.3% to $103.45 after hours as the company issued
second-quarter earnings guidance that topped consensus
estimates.
On Assignment Inc.'s (ASGN) first-quarter earnings soared from a
year earlier as the staffing company's revenue more than doubled
and as a gain on the sale of discontinued operations boosted
bottom-line results. Shares climbed 8.5% to $24.30 after hours as
results topped the company's expectations and as it provided
guidance for the current quarter above analyst expectations.
Varian Medical Systems Inc. (VAR) fiscal second-quarter earnings
rose 4.6% as the medical-equipment and software maker posted broad
sales growth. Shares fell 4.9%, to $65 in after-hours trading, as
the company projected fiscal third-quarter earnings and revenue
below expectations.
Western Digital Corp.'s (WDC) fiscal third-quarter profit fell
19% as the disk-drive maker was affected by severance costs,
masking revenue growth. Results beat company expectations, and
shares rose 4% to $55 in after-hours trading.
Watchlist:
Aflac Inc.'s (AFL) first-quarter earnings rose 14% as the
insurer benefited from investment gains, though core earnings and
revenue declined, hurt by currency impacts.
Assurant Inc.'s (AIZ) first-quarter profit fell 28% as the
insurer was hurt by a settlement related to accusations of
overpriced insurance, and other costs.
Cabot Oil & Gas Corp.'s (COG) first-quarter earnings more
than doubled as the energy company benefited from continued strong
growth in natural-gas production, despite weak prices.
Oil company Chevron Corp. (CVX) raised its quarterly dividend by
11%, with the size of the percentage increase matching what larger
peer Exxon Mobil Corp. (XOM) announced earlier Wednesday.
Crown Castle International Corp.'s (CCI) first-quarter profit
fell 67% as the cell-tower company recorded higher debt-retirement
losses and income-tax provisions, masking stronger revenue. The
company lifted its 2013 per-share earnings projections.
Equifax Inc.'s (EFX) first-quarter earnings rose 41% as the
credit-reporting company posted broad sales growth and stronger
operating margins.
Specialty chemical company Ferro Corp. (FOE) named Peter T.
Thomas as president and chief executive, making permanent the
leadership roles he has held on an interim basis since
November.
F5 Networks Inc.'s (FFIV) fiscal second-quarter earnings slipped
7.6% as the network-equipment company recorded weaker product sales
and higher operating expenses. The company offered guidance for the
current quarter below analyst estimates.
Flowserve Corp.'s (FLS) first-quarter earnings rose 5% as sales
strengthened at the diversified manufacturer, helping per-share
earnings top analysts' estimates.
Herman Miller Inc. (MLHR) agreed to acquire Maharam Fabric Corp.
for about $156 million in cash, as the office-furniture maker looks
to expand its specialty and consumer segment.
Hershey Co. (HSY) promoted a slew of executives ahead of
Thursday's first-quarter report, including the naming of a new
chief financial officer.
Lam Research Corp.'s (LRCX) fiscal third-quarter earnings
slipped 58% as the semiconductor-equipment company's increase in
operating expenses outpaced revenue growth. The company also
unveiled a $250 million share-repurchase program.
LSI Corp.'s (LSI) first-quarter earnings declined 75% as the
storage-chip manufacturer's revenue weakened and as the
year-earlier period benefited from a larger tax benefit.
Montpelier Re Holdings Ltd.'s (MRH) first-quarter profit fell
14% as the reinsurer's investment income and premiums earned edged
lower.
Chip maker Qualcomm Inc. (QCOM) continued to benefit from strong
demand for mobile devices in its fiscal second quarter, though net
profits fell 16% due to a large one-time gain in the year-earlier
period.
Raymond James Financial Inc.'s (RJF) fiscal second-quarter
earnings rose 16% as the regional broker recorded stronger results
in its private client, asset management and proprietary capital
units, though its capital markets business saw weaker profits.
Standard & Poor's said it will add biopharmaceutical company
Regeneron Pharmaceuticals Inc. (REGN) to the S&P 500 index,
replacing MetroPCs Communications Inc. (PCS) after its merger with
Deutsche Telekom AG's (DTE.XE, DTEGY) T-Mobile USA unit.
Stryker Corp.'s (SYK) first-quarter earnings fell 13% as the
medical-device maker was hurt by product-recall-related charges and
other items that offset sales growth.
Teradyne Inc.'s (TER) first-quarter profit fell 80% as revenue
at the manufacturer of chip-testing equipment dropped sharply and
operating expenses increased, although the impact was cushioned by
an income-tax benefit. Still, shares rose 3.3% to $15.33 after
hours as per-share earnings beat the company's own
expectations.
Terex Corp.'s (TEX) first-quarter earnings increased 3.9% as the
construction-machinery maker's margins improved slightly and
overhead expenses slipped, though it recorded double-digit revenue
declines in its construction and materials-handling segments.
Tractor Supply Co.'s (TSCO) first-quarter earnings rose 9.1% as
the retailer's same-store sales edged higher, though margins
dropped slightly.
Whiting Petroleum Corp.'s (WLL) first-quarter earnings fell 12%
as the oil and gas company was hurt by hedging impacts and other
items that masked growth in revenue and production.
Xilinx Inc.'s (XLNX) fiscal fourth-quarter earnings rose 6.7% as
the manufacturer's operating expenses and tax provision fell from a
year earlier, though revenue continued to weaken.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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