Among the companies with shares expected to actively trade in
Tuesday's session are Seagate Technology Inc. (STX), Humana Inc.
(HUM) and Dendreon Corp. (DNDN).
Seagate reported record fiscal fourth-quarter revenue but
tempered its sales growth expectations for the calendar year as
demand softens and hard-disk drive rivals recover faster than
anticipated from severe Asian flooding. Shares of the company fell
7.7% to $28.08 after hours.
Humana reported weaker second-quarter earnings, pressured by a
recent legal settlement, while cutting its full-year forecast
because of high costs for both new and existing customers on
Medicare plans. Shares were off 8.9% to $64.30 after hours.
Dendreon unveiled restructuring plans that include cutting more
than 600 jobs over the next year as the pharmaceutical company
continues to lose money due to slow sales of its prostate-cancer
treatment. Shares of the company sank 19% to $4.98 in after-hours
trading.
Revenue-manager Accretive Health Inc. (AH) said it reached a
$2.5 million settlement with the Minnesota Attorney General's
office over an ongoing lawsuit and said it voluntarily decided to
cease all its operations in Minnesota. Shares climbed 22% to $12.25
after hours.
CafePress Inc.'s (PRSS) second-quarter loss widened on higher
marketing costs and the e-commerce company offered a downbeat
outlook for the second half of the year. Shares dove 37% to $8.65
after hours.
Cirrus Logic Inc.'s (CRUS) fiscal first-quarter income dropped
25% as the chip maker saw higher expenses mask stronger revenue,
bolstered by growth in its audio products segments. But shares
jumped 20% after hours to $35.66 after the company predicted
strongly upbeat fiscal third-quarter revenue and narrowly beat
earnings expectations for the latest period.
Fiserv Inc.'s (FISV) second-quarter earnings increased 79% as a
loss from early debt extinguishment weighed on the financial
technology provider's year-ago results and as revenue increased.
Shares were up 3.8% to $75 after-hours as adjusted profits beat
analyst expectations.
Forest Oil Corp. (FST) swung to an unexpected loss in the second
quarter amid a ceiling test write-down related to low natural-gas
prices as the exploration-and-production company was also hurt by
lower revenue. Shares slipped 9.4% to $6.40 after hours.
Herbalife Ltd.'s (HLF) second-quarter profit rose 20% as the
nutrition company saw broad-based growth in sales volume. The
company also raised its full-year earnings outlook. Shares were up
6% to $54.79 after hours.
Masco Corp. (MAS) swung to a second-quarter loss, as a large
litigation settlement charge weighed down the period. Shares
slumped 8.8% to $11.97 after hours.
Natural-gas exploration company McMoRan Exploration Co. (MMR)
said it will delay a flow test previously scheduled for this week
at its Davy Jones No. 1 well until a later date sometime in August,
saying a seal assembly located at about 16,400 feet needed to be
replaced. Shares slid 9.2% to $12.54 after hours.
PMC-Sierra Inc.'s (PMCS) second-quarter profit rose 58% as a
recovery of income taxes boosted the chip maker's bottom line,
though revenue and adjusted profits slipped from a year earlier.
Shares were down 9.4% to $5.42 after hours as the company issued
downbeat guidance for the current quarter.
RealD Inc.'s (RLD) fiscal first-quarter income fell 69% as the
3-D technology company's margins suffered on higher licensing and
product costs. Shares plummeted 20% to $10.11 in after-hours
trading as results missed analyst expectations.
Regeneron Pharmaceuticals Inc. (REGN) said the U.S. Food and
Drug Administration didn't approve its Arcalyst drug as a treatment
for gout and said the agency needs additional clinical data. Shares
....
Rudolph Technologies Inc.'s (RTEC) second-quarter earnings fell
8.8% as it recorded a larger income-tax provision, but the results
of the provider of process characterization equipment beat its own
expectations. Shares increased 15% to $9.70 after hours.
Superior Energy Services Inc.'s (SPN) second-quarter earnings
soared as revenue of the provider of oil-field services more than
doubled. But shares slipped 9.1% to $21.20 after hours as the
company lowered its full-year earnings guidance, noting continued
low natural-gas prices as well as declines in realized crude oil
and liquids prices are impacting customers' cash flows, leading to
reduced spending in the second half of the year.
Vertex Pharmaceuticals Inc.'s (VRTX) second-quarter loss
narrowed on growing revenue from a hepatitis C drug, and the drug
company reported positive results from a study on another
experimental treatment for the disease. Shares were up 6.9% at
$53.42 in after-hours trading.
Watchlist:
Anadarko Petroleum Corp. (APC) swung to a loss in the second
quarter as the oil-exploration company was hurt by a $978 million
write-down related mostly to coalbed-methane properties at a time
of low natural-gas prices.
Eastman Chemical Co.'s (EMN) second-quarter earnings fell 19% as
the chemical-and-materials maker reported acquisition costs and
weaker revenue in several of its businesses.
Flowserve Corp.'s (FLS) second-quarter earnings rose a
better-than-expected 8.7% as the valve-and-pump maker reported
improved sales in all three major segments, led by its
engineered-product division.
Hertz Global Holdings Inc.'s (HTZ) second-quarter profit jumped
69% due to stronger sales for car and equipment rentals, while
higher volume and cost-control initiatives also helped bolster the
bottom line.
Hologic Inc.'s (HOLX) fiscal third-quarter earnings fell 35% as
the health-products company was hit by higher acquisition-related
charges and other items. However, adjusted earnings improved.
PartnerRe Ltd.'s (PRE) second-quarter profit rose 42% as the
reinsurer logged fewer expenses and saw growth in premiums
written.
Plum Creek Timber Co.'s (PCL) second-quarter earnings fell 18%
as the real-estate investment trust saw higher costs outpace
improved revenue.
Post Properties Inc.'s (PPS) second-quarter earnings more than
doubled as the real-estate investment trust's occupancy and rents
strengthened. The company again raised its full-year view for funds
from operations.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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