Among the companies whose shares are expected to actively trade
in Wednesday's session are Avago Technologies Ltd. (AVGO), Dycom
Industries Inc. (DY) and La-Z-Boy Inc. (LZB).
Avago Technologies' fiscal third-quarter profit rose 17% as
stronger wired-infrastructure sales and wider margins boosted the
semiconductor designer's bottom line. Shares gained 8.2% to $31.65
after-hours on the better-than-expected results.
Dycom Industries' fiscal fourth-quarter earnings more than
doubled as the telecommunications contractor's sales acceleration
continued and it improved margin. Shares were up 9.9% at $15.20
after hours, as the results beat expectations.
La-Z-Boy swung to a fiscal first-quarter profit on higher
revenue and a tax benefit, as the furniture maker reported stronger
same-store sales and margin. For the quarter La-Z-Boy posted a
profit of $45.5 million, or 85 cents a share. Shares fell 10% to
$6.86 in after-hours trading as profit excluding a favorable
tax-asset valuation change was short of estimates.
Pacific Sunwear of California Inc.'s (PSUN) fiscal
second-quarter loss narrowed as the company saw same-store sales
growth for the second straight quarter. But the company forecast a
steeper-than-expected loss per share for the current quarter.
Shares slipped 17% to $1.80 after hours.
Shanda Games Ltd.'s (GAME) second-quarter earnings inched up
0.3% as the Chinese online-game developer's higher operating costs
and tax expenses nearly overwhelmed a top-line increase. Shanda
Games's American Depositary shares were up 6.2% at $5.18 after
hours.
Semiconductor company Inphi Corp. (IPHI) reduced its guidance
for the current quarter and predicted little sales improvement in
the following one because of new-product shipment delays and
skittish customers holding off on bookings. Shares in the company,
which went public in November, fell 25% to $7.90 in after-hours
trading.
Watch List:
Calpine Corp. (CPN) authorized a new share-buyback plan of up to
$300 million and said Tuesday it secured a $373 million credit
facility to upgrade a natural-gas plant in California.
Standard & Poor's Ratings Services on Tuesday slashed
Horizon Lines Inc.'s (HRZ) junk-level credit status, saying the
shipping company's debt-restructuring plan as written constitutes a
selective default.
Roadrunner Transportation Systems Inc. (RRTS) agreed to buy a
privately held logistics and freight-consolidation company in a
cash-and-stock deal it valued at $97.5 million.
SurModics Inc. (SRDX) said it will layoff about 9% of its
workforce, including its chief financial officer, as part of a
broad restructuring plan.
-Edited by Caitlin Nish and Corrie Driebusch; write to
caitlin.nish@dowjones.com and corrie.driebusch@dowjones.com