Among the companies whose shares are expected to actively trade
in Friday's session are RF Micro Devices Inc. (RFMD), Durect Corp.
(DRRX) and Apollo Group Inc. (APOL).
RF Micro Devices said it expects its fiscal-third quarter
revenue to miss its expectations due to weakened customer demand.
Shares slid 16% to $4.76 after hours as the chip maker projects
revenue of approximately $225 million, below its October view of
$250 million.
Durect said a Phase III clinical study designed to measure the
safety and efficacy of its post-operative pain relief drug Posidur
in abdominal surgical procedures didn't yield statistically
significant results. Shares plunged 47% to 62 cents in after-hours
trading as the company said it intends to hold a pre-new drug
application meeting with the Food and Drug Administration after a
complete analysis of the study's data.
Apollo Group's fiscal first-quarter earnings fell 37% on another
revenue slide, but the for-profit education company reported
new-enrollment growth for the first time in at least a year. Shares
were up 1.4% at $54.47 after hours, as adjusted profit fell less
than analysts expected as well.
Family Dollar Stores Inc.'s (FDO) fiscal first-quarter earnings
rose 8.1% as the discount retailer's same-store sales improved due
to higher traffic and customer transaction values. However, shares
slid 2.5% to $56.50 in after-hours trading as revenue missed
analyst expectations.
ViroPharma Inc. (VPHM) predicted product sales of $600 million
to $660 million this year, an increase from the revenue analysts
expect it to post in 2011. Shares were up 4.8% at $29.50 after
hours.
Xyratex Ltd.'s (XRTX) fiscal fourth-quarter earnings slid 43% as
lower storage infrastructure sales weighed on results. However,
shares rose 2.2% to $14.47 in after-hours trading as results beat
the company's expectations.
Ruby Tuesday Inc. (RT) swung to a loss in its fiscal second
quarter on higher costs and interest expense, as predicted, while
the casual-dining chain reported another quarter of comparable
sales declines. Shares were down 4.5% at $6.74 after hours, as Ruby
Tuesday also predicted weak results for the current quarter.
Integra LifeSciences Holdings Corp. (IART) said it expects its
full-year and fourth-quarter earnings will miss its expectations,
as a revenue shortfall in the fourth quarter resulted from
inventory reduction, weakness outside of the U.S. and
weaker-than-expected sales of its domestic Extremity Reconstruction
products. Shares slipped 9.8% to $27.50 in after-hours trading.
Standard & Poor's Ratings Services became the third ratings
firm to downgrade Sears Holdings Corp. (SHLD) since last week,
saying it expects negative earnings and constrained liquidity after
the company's warnings of weak holiday sales. Shares were down 1.2%
at $29.77 after hours.
Watch List:
A. Schulman Inc.'s (SHLM) fiscal first-quarter earnings rose 45%
as the company's revenue improved due to higher average selling
prices.
AMR Corp.'s (AAMRQ) American Airlines reported a modest decline
in traffic in December as the carrier reduced domestic
capacity.
AngioDynamics Inc.'s (ANGO) fiscal second-quarter earnings fell
29% amid costs related to a recall of some procedure kits, though
it continued to post revenue growth.
Moody's Investors Service lowered its credit ratings on Eastman
Kodak Co. (EK) further into junk territory citing the imaging
company's increased probability of filing for bankruptcy, and peer
Standard & Poor's Ratings Services also downgraded its ratings
on liquidity concerns.
Global Payments Inc.'s (GPN) fiscal second-quarter earnings rose
14% as the payment-processing company saw international revenue
continue to increase. The company again raised its view for the
year.
Saba Software Inc.'s (SABA) posted a wider fiscal second-quarter
loss as margins weakened, and the company also appointed a Gaia
Interactive executive as its new chief financial officer.
Shoe Carnival Inc. (SCVL) lowered its already-downbeat outlook
for the fiscal fourth quarter Thursday, saying its profit would
fall because unseasonably warm weather hurt boot sales.
Transocean Ltd. (RIG) said Chief Financial Officer Ricardo Rosa
will step down Monday ahead of retiring in April, and it said it
would bring back a former financial chief to serve in that office
on an interim basis.
-Edited by Ian Thomson and Maya Pope-Chappell; write to
ian.thomson@dowjones.com and maya.pope-chappell@dowjones.com