Among the companies whose shares are expected to actively trade
in Thursday's session are Netflix Inc. (NFLX), SanDisk Corp. (SNDK)
and Symantec Corp. (SYMC).
Netflix's fourth-quarter earnings fell 14% on the online video
and DVD-rental company's costly expansion into new geographies, but
subscriber rates were solid on the whole and the company promised
to lay off further expansion. Shares gained 16% to $110 in recent
after-hours trading.
SanDisk's fourth-quarter profit fell 42% from a year-ago result
buoyed by a large tax-provision benefit, while core earnings
registered a slight improvement. Shares still dropped 8.5% to
$47.90 in after-hours trading as the flash-memory maker provided
soft guidance.
Symantec's fiscal third-quarter earnings surged 82% as the
software company reported strong sales of security and backup
products. Shares climbed 1.1% to $17.25 after hours.
Mellanox Technologies Ltd. (MLNX, MLNX.TV) swung to a
fourth-quarter profit as the data-storage company reported record
revenue. Shares trading in New York climbed 14% to $35.47 after
hours.
United Rentals Inc. (URI) swung to a fourth-quarter profit as
higher volumes and rental rates continued to boost the company's
top line. Shares jumped 5.2% to $36.56 after hours on the
stronger-than-expected results.
Teradyne Inc.'s (TER) fourth-quarter earnings more than doubled
on a large tax-provision benefit as the maker of chip-testing
equipment, but the company's swung to a loss from continuing
operations before taxes. Shares were up 7.9% at $17.40 after hours
on the company's better-than-expected outlook.
Republic Airways Holdings Inc. (RJET) raised its fourth-quarter
guidance for a closely watched metric in the airline industry and
issued an earnings estimate that topped analyst expectations,
citing stronger results from its Frontier Airlines unit. Shares
jumped 18% to $5.36 in after-hours trading.
Covance Inc.'s (CVD) fourth-quarter earnings fell 26% on
charges, but adjusted profit rose at the drug-research outsourcing
company on higher sales and margin. Shares were down 4.6% at $44.98
after hours on the company's weak profit outlook.
Varian Medical Systems Inc. (VAR) reported its fiscal
first-quarter earnings fell by 6.5% as margins slipped. Shares slid
4.3% to $66.25 after hours as Varian issued a downbeat
second-quarter outlook.
Eagle Bancorp Inc.'s (EGBN) fourth-quarter profit rose a
better-than-expected 49% as the bank's income from interest and
home refinancing continued to climb. Shares rose 27% to $20.14
after hours after the parent company of EagleBank posted its 12
consecutive quarter of earnings growth.
Trius Therapeutics Inc. (TSRX) said it would offer an
unspecified number of shares for sale and said the Securities and
Exchange Commission is requesting more information about its
third-quarter revenue. Shares in the antibacterial-drug company
were down 9.3% at $5.25 on the news in after-hours trading.
Citi Trends Inc. (CTRN) said Chief Executive David Alexander has
resigned to pursue other opportunities and Chairman Ed Anderson,
who previously served in the role, will take it back over. The
value-price retailer has seen its results weaken in recent quarters
on declining same-store sales and the related need to offer more
clearance markdowns. Citi Trends has scaled back its store-opening
plans and cut jobs in an effort to boost its bottom line. Shares
were off $1.7% at $9.62 after hours.
Owens-Illinois Inc.'s (OI) fourth-quarter loss widened on a
series of write-downs, while the glass-container company's core
earnings improved slightly amid higher sales. The bottle maker also
disclosed the retirement of its chief financial officer. Shares
declined 1.8% to $22.81 after hours.
Watch List
Ball Corp. (BLL) boosted its quarterly cash dividend by 43% and
authorized the repurchase of up to 30 million shares.
Standard & Poor's Ratings Services upgraded its ratings on
Brocade Communications Systems Inc. (BRCD) to within a step of
investment grade, pointing to the company's improved credit
profile.
Crown Castle International Corp.'s (CCI) fourth-quarter earnings
rose 37% as the cell-tower company posted stronger revenue and
growth in a key metric for real-estate investment trusts.
Fitch Ratings lowered its outlook on Dish Network Corp. (DISH)
to negative from stable, pointing to capital and execution risks
tied to the satellite-television operator's wireless strategy.
Greenhill & Co. Inc. (GHL) said fourth quarter revenue from
advisory surged 51% and the firm had the highest full-year advisory
revenue since 2007. Excluding an unusual compensation charge,
fourth-quarter profit handily beat analyst expectations.
Hill-Rom Holdings Inc.'s (HRC) fiscal first-quarter earnings
slid 6.5% as the hospital-bed supplier recorded lower international
and post-acute-care revenue and as prior-year results were helped
by a one-time gain.
Kansas City Southern (KSU) said its railway company subsidiary
has started a tender offer senior notes aimed at all of its $275
million of 8% senior notes due in 2015.
Knight Transportation Inc.'s (KNX) fourth-quarter profit rose
23% as the trucking company recorded an increase in average revenue
per tractor, though margins were weaker. Knight, one of the biggest
trucking companies in North America, has now posted year-over-year
revenue gains for nine consecutive quarters but has struggled to
bulk up margins due to high fuel prices.
Lam Research Corp.'s (LRCX) fiscal second-quarter earnings
slumped 85% as the semiconductor-equipment maker's revenue dropped
sharply. The company anticipated near-term declines in spending on
wafer-fabrication equipment amid an industry slowdown in the second
half of last year due to concerns about European debt and the
global economy. However longer term, it expects that growth in
smartphones and other devices such as tablet computers will spur
demand.
Murphy Oil Corp. (MUR) swung to a loss in the fourth quarter
after lower-than-expected production from the company's offshore
wells in the Republic of Congo overshadowed its revenue from higher
crude prices.
Noble Corp.'s (NE) fourth-quarter profit rose 29% as the
offshore driller's contract revenue improved.
Fitch Ratings put Old Republic International Corp. (ORI) on
watch for possible downgrade because of uncertainty about the
insurer's ability to meet its debt covenants given struggles at its
mortgage guaranty business.
Raymond James Financial Inc.'s (RJF) fiscal first-quarter profit
fell 18% as the regional broker's private-client and capital
markets groups saw double-digit profit declines on a percentage
basis.
RenaissanceRe Holdings Ltd. (RNR) estimated it would record
approximately $45 million in losses from flooding in Thailand for
the fourth quarter but said "meaningful uncertainty" remains
regarding the losses, given the magnitude and recent occurrence of
the floods.
RLI Corp.'s (RLI) fourth-quarter earnings fell 24% on higher
loss and settlement expenses as well as policy acquisition costs,
despite the property-and-casualty insurer's higher earned
premiums.
Stanley Black & Decker Inc. (SWK) fourth-quarter earnings
rose 20% as the tool maker reported higher sales driven by
acquisitions and higher volume.
-Edited by Maya Pope-Chappell and Ian Thomson; write to
maya.pope-chappell@dowjones.com and ian.thomson@dowjones.com