Among the companies with shares expected to actively trade in Thursday's session are Zynga Inc. (ZNGA), Sprint Nextel Corp. (S) and Western Digital Corp. (WDC).
Zynga swung to a second-quarter loss as costs surged and year-over-year revenue growth slowed. Shares plunged 40% premarket to $3.03 after the company sharply lowered its full-year earnings estimates, saying it is seeing a faster decline in existing web games due to a more challenging environment on Facebook Inc. (FB) and reduced expectations for its "Draw Something" game. Meanwhile, Facebook shares dropped 5.45% to $27.72 premarket.
Sprint's shares jumped 18.40% to $3.98 premarket as the wireless carrier's revenue grew more than expected, despite the company posting a wider-than-expected second-quarter loss and losing 246,000 postpaid customers, another number that was larger than anticipated. Sales of the Apple Inc. (AAPL) iPhone were stable in the quarter compared with sequential drops at Sprint competitors and the company is retaining 60% of postpaid customers that are leaving the Nextel platform as that network shuts down.
Western Digital reported surprisingly strong fiscal fourth-quarter results as the hard-disk-drive maker benefited from its recent acquisition and the recovery from severe flooding. Shares jumped 18% to $38.40 premarket as adjusted earnings and revenue were stronger than Western Digital had projected. Rival Seagate Technology Inc.'s (STX) shares also rose, adding 12% to $29.40 in premarket trading.
Shares of Quality Systems Inc. (QSII) slumped 24% to $18.00 as a drop in system sales left the medical-records software company posting fiscal first-quarter results far short of Wall Street expectations. The company also warned it was not affirming or providing revised guidance for the year. "We believe the miss this quarter is due to the large practice market being nearly fully penetrated, and we do not expect a large re-acceleration of sales in the back half of the year," analysts at Leerink Swann wrote in a note to clients, adding they were "very cautious" on the stock.
Whole Foods Market Inc.'s (WFM) fiscal third-quarter earnings rose 32% as the natural-foods supermarket recorded stronger revenue and margins. The company also raised its full-year view. Shares climbed 11% to $94.00 premarket.
For-profit educator Strayer Education Inc. (STRA) looks to be projecting third-quarter EPS far below analysts' estimates, amid a 7% drop from a year ago in summer enrollment and the opening of four new campuses for the period in new-market Minneapolis and Chicago. Shares tumbled 16% to $76.00 premarket. Competitor Apollo Group Inc. (APOL), which runs the University of Phoenix, also fell 7.1% to $26.05 in premarket trading.
Akamai Technologies Inc. (AKAM) topped its own earnings forecast thanks to another quarter of strong revenue growth from the Internet technology company. Shares surged 17% to $33.00 in premarket trading.
Fortinet Inc.'s (FTNT) second-quarter earnings slipped 3.8% as the network-security company recorded a larger income-tax provision and increased expenses, though revenue topped its own expectations. Shares jumped 12% to $24.99 premarket as the company's billings increased at their fastest rate in more than a year.
Synacor Inc.'s (SYNC) second-quarter earnings soared from a year earlier as the telecom services provider reported improved search and display as well as subscription-based revenues. However, shares slipped 14% to $11.20 premarket as the company forecast current-quarter revenue below analyst expectations and projected full-year revenue to be at the lower end of its earlier estimates.
Genetic testing company Genetic Technologies Ltd. (GENE)(GTG.AU) announced that BREVAGen, the firm's genetic test to determine breast cancer risk, has been cleared for sale in California by the state's Department of Public Health. Shares soared 32% to $4.61 premarket.
Terex Corp.'s (TEX) swung to a second-quarter profit as the construction-machinery maker saw stronger revenue in its aerial work platforms and cranes segments. Shares jumped 15% to $16.20 premarket as earnings topped analyst expectations and as the company raised its full-year earnings guidance.
Evercore Partners cut its rating on daily deals website Groupon Inc. (GRPN) to equalweight from overweight on concerns over the transparency and disclosure of the company's consumer products business and what Evercore describes in a note to clients as "signs of deterioration within the core daily deals business." Shares fell 7.32% to $6.71 premarket.
Tractor Supply Co.'s (TSCO) second-quarter earnings rose a better-than-expected 17% as margins improved and it saw stronger sales of animal- and pet-related merchandise. The company also lifted its full-year earnings view. Shares jumped 7.64% to $85.09 premarket.
Ameriprise Financial Inc.'s (AMP) second-quarter earnings fell 29% as the financial-services provider saw fees fall from management and financial advice, as well as a decline in net investment income. Results were below Wall Street expectations.
Angie's List Inc.'s (ANGI) second-quarter loss widened as the online review site continued to log higher selling and marketing expenses, offsetting a jump in revenue.
C.R. Bard Inc. (BCR) swung to a second-quarter profit, after its year-earlier period was weighed down by legal-related costs, and said all four of the company's major segments reported improved revenue.
Cheesecake Factory Inc.'s (CAKE) second-quarter earnings rose 14.8% as the restaurant operator's namesake restaurant chain posted higher same-store sales by attracting more customers and its margins rise.
Christopher & Banks Corp. (CBK) expects fiscal second-quarter sales to decline, reflecting fewer stores, but the women's retailer defended its turnaround plan, citing improvements in same-store sales.
Citrix Systems Inc.'s (CTXS) second-quarter earnings rose 12% as the software maker reported broad revenue gains. Adjusted earnings and revenue beat its expectations.
Cliffs Natural Resources Inc.'s (CLF) second-quarter earnings slumped 37% as the mining company saw lower sales margins and higher expenses.
Community Health Systems Inc.'s (CYH) second-quarter earnings surged over the year-ago period, hit by a big charge while admissions also grew.
Standard & Poor's Ratings Services cut Duke Energy Corp. (DUK) a notch, citing impacts from the company's abrupt leadership changes.
Energen Corp.'s (EGN) second-quarter earnings more than doubled as the company saw a double-digit rise in revenue, buoyed by gains from oil and gas operations that offset a fall in natural-gas distribution revenue.
Equifax Inc.'s (EFX) second-quarter earnings more than doubled compared with a year-earlier loss of $27.8 million related to the merger of its Brazilian business and as the credit-reporting company reported broad-based revenue growth.
Equity Residential's (EQR) second-quarter earnings sank 81%, compared with a year-ago period that was boosted by the real-estate investment trust's gains on discontinued operations. But revenue and key profitability measures jumped, and the REIT raised the lower end of its full-year outlook for normalized funds from operations.
Flextronics International Ltd.'s (FLEX) fiscal first-quarter profit sank 2.7% as the contract-electronics manufacturer's revenue plummeted and losses from discontinued operations weighed down results, though input costs fell.
Hill-Rom Holdings Inc. (HRC) said it has acquired privately held Aspen Surgical Products for $400 million as the hospital bed-supplier looks to expand to surgical consumable products. The company also reported its fiscal third-quarter earnings soared as the company's international sales improved and as charges weighed on year-ago results.
Las Vegas Sands Corp.'s (LVS) second-quarter earnings fell 34.6% on lower casino win, increased legal expenses and certain impairment charges. Although the casino operator's revenue rose, its results sorely missed analysts expectations.
LogMeIn Inc.'s (LOGM) second-quarter earnings fell 79% as the information technology's expenses rose and margins weakened. LogMeIn lowered its full-year guidance and issued a downbeat outlook for the current quarter.
LSI Corp.'s (LSI) second-quarter earnings fell 80% on a year-earlier gain of $260.1 million related to the sale of its external storage systems business.
MKS Instruments Inc.'s (MKSI) second-quarter profit sank 52% as demand for chip manufacturing slowed, a trend expected to continue into the current quarter.
Newcastle Investment Corp. (NCT) said it plans to offer 20 million shares as the real-estate investment trust looks to raise funds for general corporate purposes.
O'Reilly Automotive Inc.'s (ORLY) second-quarter earnings rose 9.2% as the auto-parts retailer's revenue and margins continued to improve. The company again raised its full-year earnings view and projected third-quarter earnings mostly above analyst expectations.
SL Green Realty Corp.'s (SLG) second-quarter earnings sank 79% as the real-estate investment trust logged higher expenses, though its revenue improved.
Skechers USA Inc.'s (SKX) second-quarter loss narrowed sharply as its margins improved on higher selling prices.
Whiting Petroleum Corp.'s (WLL) second-quarter profit fell 26% as the company recorded a smaller derivative gain and expenses rose, though production increased.
Write to Anna Prior at email@example.com
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