Among the companies with shares expected to actively trade after
hours are Fortinet Inc. (FTNT), Zumiez Inc. (ZUMZ) and Integra
LifeSciences Holdings Corp. (IART).
Fortinet cut its first-quarter earnings and revenue guidance, as
the network-security company said billings are lower than expected.
Shares dropped 14% to $18.80 in after-hours trading.
Zumiez's same-store sales for March rose 2.1%, topping
expectations of Wall Street analysts. Analysts surveyed by Thomson
Reuters had forecast a same-store sales decrease of 7.5%. Shares
climbed 9.6% to $27.30 after hours.
Integra LifeSciences said it is voluntarily recalling certain
products due to production concerns, and offered guidance below
analyst estimates for the first and second quarters. Shares slid 7%
to $35.69 in after-hours trading.
Apogee Enterprises Inc.'s (APOG) fiscal fourth-quarter profit
rose 48% as the industrial-glass manufacturer reported improved
results at its architectural segment and stronger margins. However,
shares were down 5.9% at $27.48 in after-hours trading as earnings
and revenue were below expectations.
Medical-device maker Sunshine Heart Inc. (SSH, SHC.AU) plans to
offer an undisclosed number of shares, intending to use the
proceeds for clinical trials and product development, and other
general purposes. Shares fell 8.2% to $5.52 in after-hours
trading.
Fifth Street Finance Corp. (FSC) has launched an offering of
13.5 million shares, planning to use the proceeds to pay down debt
and to re-borrow money to invest in small and mid-sized companies.
The specialty finance firm recently had around 106.2 million shares
outstanding. Shares fell 2.4% after hours to $10.80.
Yum Brands Inc. (YUM) said same-store sales in its China
division fell 13% in March, a larger decline than analysts had
expected, and also said publicity associated with the Avian flu in
China in the past week has significantly hurt KFC results. Shares
slipped 2.3% to $65.21 after hours.
Watchlist:
Bed Bath & Beyond Inc.'s (BBBY) fiscal fourth-quarter
earnings rose 6.5% as the home-furnishings retailer posted
double-digit sales growth, with a boost from an extra week of
sales. Earnings were ahead of expectations.
Investment firm Crest Financial Ltd. has filed a preliminary
proxy statement urging Clearwire Corp. (CLWR) shareholders to vote
against the company's planned acquisition by Sprint Nextel Corp.
(S), the latest step in its ongoing effort to block the $2.2
billion deal.
Chevron Corp. (CVX) said Wednesday its oil production and
refining-business activity was lower in the first two months of
2013 than the full first quarter of 2012 because of widespread
maintenance issues.
Deutsche Telekom AG (DTEGY, DTE.XE) sweetened its offer for U.S.
wireless carrier MetroPCS Communications Inc. (PCS), hoping to save
a merger deal that shareholders had threatened to reject. Late
Wednesday, Deutsche Telekom submitted what it called its "best and
final offer" to MetroPCS. The revised terms lower the amount of
debt that will be transferred to the new company by $3.8 billion
and cut the interest rate on that debt by half a percentage
point.
Protective Life Corp. (PL) has agreed to acquire MONY Life
Insurance Co. from AXA SA (CS.FR, AXAHY) and reinsure certain life
insurance policies written by a MONY subsidiary for about $1.06
billion, a deal the company said will produce a steady stream of
earnings for many years to come.
Ruby Tuesday Inc.'s (RT) fiscal third-quarter earnings fell 52%
as the casual-dining chain was hampered by restaurant closure costs
and weaker same-store sales.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires