U.S. stocks closed higher Wednesday as the Dow Jones Industrial
Average rose 24.53 points to 16097.33, the S&P 500 rose 4.48
points to 1807.23, and the Nasdaq Composite grew 27 points to
4044.75. Among the stocks actively trading after hours are Document
Security Systems Inc. (DSS), Fortinet Inc. (FTNT) and Zoom
Technologies Inc. (ZOOM).
A subsidiary of Document Security Systems ($2.13, +13.3%), which
develops and integrates security technology, filed a patent lawsuit
against Apple Inc. (AAPL). The case centers on patents related to
the use of wireless peripheral devices.
China's Zoom Technologies ($6.49, +170.42%) said it agreed to
acquire mobile-advertising service Baifen Tonglian Information and
Technology Co.
Network security company Fortinet ($18.90, -3.77%) said its
chief operating officer and chief financial officer, Ahmed Rubaie,
will leave the company next month due to personal reasons. Nancy
Bush was appointed to take over the CFO role on an interim
basis.
Regular Session Movers:
AeroVironment Inc.'s (AVAV, $29.76, +$2.84, +10.55%) fiscal
second-quarter profit fell 81% on a sharp decline in revenue and
margins. However, shares were up as the maker of pilotless drones
and rechargeable-batteries reported adjusted earnings and revenue
that topped expectations.
Bio-Reference Laboratories Inc. (BRLI, $29.55, -$8.18, -21.68%)
projected fiscal-fourth quarter earnings below expectations and
also gave a cautious view for the recently started fiscal year. The
clinical-testing company said it has been under pressure from
reimbursement rates, higher costs stemming from upgrading
acquisitions in Florida and California, as well as substantial
start-up costs for its inherited cancer program.
Frontline Ltd.'s (FRO, $2.73, +$0.38, +16.17%) third-quarter
loss narrowed as the tanker company benefited from stronger revenue
and a decline in some of its expenses. The company's shares rose as
the loss wasn't as wide as feared and revenue excluding voyage
expenses and commission topped expectations.
Hewlett-Packard Co. (HPQ, $27.36, +$2.27, +9.05%) posted weaker
fiscal fourth-quarter sales, the ninth-consecutive revenue decline,
as the computer maker reported lighter software and printing
revenue. But H-P swung to a profit in the latest quarter and
results for the quarter topped analyst expectations.
Infoblox Inc. (BLOX, $32.08, -$12.88, -28.65%) fiscal
first-quarter loss widened slightly despite strong revenue growth
as margins weakened and costs rose. The network-automation company
shares slid as it projected fiscal second-quarter earnings and
revenue below analysts' expectations.
Lime Energy Co. (LIME, $3.32, -$0.20, -5.68%) fired Chief
Executive John O'Rourke while simultaneously promoting President
and Chief Operating Officer Adam Procell to the top post.
Shanda Games Ltd.'s (GAME, $4.05, -$0.06, -1.46%) third-quarter
earnings fell 1.6% despite growth in the game developer's revenue
driven by its mobile-game segment. Morgan Stanley analysts weren't
impressed with the company's PC game pipeline, while sales of its
top PC games dropped in the latest period.
Teen retailer Tilly's Inc. (TLYS, $12, -$3.88, -24.43%) issued a
dismal profit outlook for the fiscal fourth quarter, as weak
traffic trends and high promotions are expected to hurt the bottom
line. Shares slumped as Tilly's tempered its fiscal full-year
outlook and reported weaker-than-expected revenue for the third
quarter.
Write to Michael Calia at michael.calia@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires