Among the companies whose shares are expected to actively trade
in Wednesday's session are Apple Inc. (AAPL), Intel Corp. (INTC)
and Yahoo Inc. (YHOO).
Apple's fiscal fourth-quarter earnings rose 54% on continued
strong sales of the iPhone and iPad. However, the company's shares
fell 6.7% in after-hours trading to $394.05, as results missed
analysts' expectations.
Intel's third-quarter profit rose a bigger-than-expected 17% as
strong sales of its notebook computer chips drove earnings. Shares
rose 4.4% to $24.44 after-hours, as the company predicted an upbeat
fourth-quarter revenue.
Yahoo's third-quarter earnings fell 26% as continued revenue
declines this time outpaced cost reductions. Shares in the Internet
company were up 2.7% at $15.89 after hours as the bottom line beat
analysts' expectations for a deeper drop.
Intuitive Surgical Inc.'s (ISRG) third-quarter earnings rose 41%
as the surgical-robot maker's sales climbed, driven by continued
adoption of robotic procedures and sales of its da Vinci surgery
systems. Shares were up 7.4% at $411.10 in recent after-hours
trading as the results handily topped estimates.
Cree Inc.'s (CREE) fiscal first-quarter profit fell 78% as
higher sales costs and stagnant sales weakened the
electronic-components maker's margins. Shares fell 4.1% to $26.63
after hours as the company also forecast a downbeat second-quarter
profit.
Hawaiian Holdings Inc.'s (HA) third-quarter earnings fell a
smaller-than-expected 16% as the passenger airline saw the return
of traffic to Japan. Shares were up 12% at $5.49 in after hours
trading.
CSX Corp.'s (CSX) third-quarter earnings increased 12% as the
railroad company posted double-digit percentage revenue growth but
saw volumes rise only slightly. Shares slipped 1.1% to $21.10 in
recent after-hours trading.
Infinera Corp. (INFN) swung to a third-quarter loss as the
communications-gear maker reported sharply lower revenue and
margins. Shares rose 0.6% to $7.94 after hours.
Powerwave Technologies Inc. (PWAV) predicted revenue would fall
by about half in the latest quarter, as the company, which makes
amplifiers used in wireless communications networks, said revenue
for its fiscal third quarter ended Oct. 2 would range from $75
million to $79 million, while analysts surveyed by Thomson Reuters
had been expecting $169 million. Shares tumbled 35% to 95 cents in
after-hours trading.
JetBlue Airways Corp. (JBLU) said Chief Financial Officer Ed
Barnes has resigned effective immediately and an interim financial
chief has been named as the company searches for a permanent
replacement. Its stock was off 2.6% at $4.51 after hours.
The chairman and chief executive of USA Technologies Inc. (USAT)
resigned as expected last Friday after a company investigation
accused him of leaving hundreds of comments about the company on an
online message board. Shares fell before climbing 8.7% to $1.25
after hours.
Watch List:
Boeing Co. (BA) said it will step up production of its
next-generation 737 model to 35 airplanes a month to meet growing
worldwide demand.
Cintas Corp. (CTAS) raised its dividend 10% and launched a new
$500 million stock repurchase program, joining a growing list of
companies seeking to deliver a greater return to investors.
Computer Sciences Corp. (CSC) said Tuesday that Michael W.
Laphen is retiring from his post as chairman, chief executive and
president, and a search for a successor has begun.
Clinical stage biopharmaceutical company Cytokinetics Inc.
(CYTK) said it will cut its work force to 83 people and narrow its
resources to focus on the development of its treatments for heart
failure and muscular dysfunction.
E.I. DuPont de Nemours & Co. (DD) filed a
patent-infringement suit against Monsanto Co. (MON). In a brief
statement, Dupont alleged Monsanto violated its patent for a seed
production technique, one that "increases seed corn vigor to
improve germination under stress."
Juniper Networks Inc.'s (JNPR) third-quarter earnings fell 38%
as the network-equipment maker booked a larger
restructuring-related charge and margins fell despite sales
growth.
RLI Corp.'s (RLI) third-quarter profit declined 6.8% as the
property-and-casualty insurer earned less from investments, though
its core performance improved on higher underwriting income.
Sonic Corp.'s (SONC) fiscal fourth-quarter earnings more than
doubled, absent a year-earlier impairment charge, as the drive-in
restaurant chain saw its sales decline again.
Sonoco Products Co.'s (SON) third-quarter earnings rose 31% as
higher selling prices helped boost the packaging company's revenue,
but the company again lowered its per-share earnings forecast.
United Rentals Inc.'s (URI) third-quarter profit nearly tripled
as equipment-rental revenue and rental rates surged, helping
results to easily top expectations.
Werner Enterprises Inc.'s (WERN) third-quarter profit climbed
22% as the trucking company again saw double-digit percentage
revenue growth and expanded margins, though fuel prices rose.
-Edited by Corrie Driebusch and Caitlin Nish; write to
caitlin.nish@dowjones.com and corrie.driebusch@dowjones.com