Among the companies with shares expected to actively trade in
Wednesday's session are Dell Inc. (DELL), RailAmerica Inc. (RA) and
PetSmart Inc. (PETM).
Dell's fiscal first-quarter earnings slipped 33% as the computer
maker reported lower revenue in its consumer, public and large
enterprise customer segments because of increased competition and
poor execution. Shares slid 13% to $13.16 after-hours trading as
earnings missed analyst expectations and the company issued
downbeat revenue guidance for the current quarter. Shares of rival
Hewlett-Packard Co. (HPQ), which reports Wednesday, fell 2.3% to
$21.29 after hours.
RailAmerica said Tuesday its board is considering strategic
alternatives for its business, including a potential sale of the
company. Shares jumped 11% to $24.49 after hours.
PetSmart's fiscal first-quarter earnings jumped a
better-than-expected 34% as the pet-products retailer posted a
strong rise in same-store sales and margins improved. Shares soared
9.7% after hours to $61 as the company boosted its estimates for
the year.
Analog Devices Inc. (ADI) reported fiscal second-quarter results
at the high end of its outlook amid a boost from its industrial
operations, and it provided further evidence that demand for its
products was rebounding. However, the chip maker's guidance for the
current quarter was softer than analysts expected. Shares slid 3.1%
to $34.70 after hours.
Avago Technologies Ltd.'s (AVGO) fiscal second-quarter earnings
eased 0.7% amid higher operating costs and weaker margins, though
the company reported continued revenue growth. Shares rose 3.1% to
$34.70 in after-hours trading as adjusted earnings exceeded
expectations.
Barclays PLC's (BCS, BARC.LN) offering of 26.2 million common
shares of BlackRock Inc. (BLK) priced at a 2.1% discount to
BlackRock's Tuesday closing price. BlackRock shares slid 2.2% to
$159.85 after hours, slightly below the offering price of $160 a
share.
Compuware Corp. (CPWR) fiscal fourth-quarter earnings sank 22%
on softer professional service fees and higher expenses. But shares
jumped 8.2% after hours to $9.14 as the software company posted
slightly better-than-expected revenue and reported large increases
in software license fees and application service fees.
Guess Inc.'s (GES) fiscal first-quarter income slumped 38% as
the apparel maker saw weaker European revenue and North American
same-store sales weigh down results. But shares were up 7% after
hours to $26.15, as the company beat its guidance for the
quarter.
Watchlist
Altria Group Inc. (MO) said it reached a settlement with the
Internal Revenue Service over certain leveraged lease transactions,
in which it will pay $500 million in federal and state income taxes
and interest. The parent of tobacco company Philip Morris also
raised its full-year earnings guidance as the IRS deal requires it
to pay less interest expense than it anticipated.
Collective Brands Inc.'s (PSS) fiscal first-quarter earnings
rose 26% as the company posted broad sales growth.
Fitch Ratings lowered its investment-grade ratings on Computer
Sciences Corp. (CSC) by one notch, pointing to the information
technology company's greater-than-expected profitability pressures
and unresolved contract renegotiations with the U.K.'s National
Health Services.
Massachusetts Secretary of the Commonwealth William Galvin said
his office Tuesday issued a subpoena to Morgan Stanley (MS) related
to a company analyst's discussions with institutional investors on
Facebook Inc. (FB) prior to its tumultuous initial public
offering.
Nasdaq OMX Group Inc. (NDAQ) is facing a lawsuit seeking to
represent investors who sought to trade shares of Facebook Inc.
(FB) during its initial public offering last week, only to
allegedly suffer millions of dollars in losses because of trading
glitches.
Ralcorp Holdings Inc.'s (RAH) fiscal second-quarter earnings
fell 69% as charges related to plant closures, a legal settlement
provision and merger costs weighed on the food maker's bottom-line
results.
Moody's Investors Services raised its ratings on Sensata
Technologies N.V. (ST) one notch closer to investment grade,
pointing to the maker of sensors and controls' expected strong
margins.
Shoppers Drug Mart (SHDMF, SC.T) has agreed to acquire
substantially all of Paragon Pharmacies Ltd.'s (PGN.V) assets for
$75 million in cash, in a deal that will expand Shoppers's presence
in western Canada.
STAG Industrial Inc.'s (STAG) stock offering of 7.3 million
shares priced at Tuesday's closing price of $12.88.
Take-Two Interactive Software Inc.'s (TTWO) fiscal
fourth-quarter loss widened and the company's projections for the
current quarter fell far short of analysts' expectations.
Wet Seal Inc.'s (WTSLA) swung to a fiscal first-quarter loss as
impairment charges weighed on the teen apparel retailer's
bottom-line results and as revenue and margins weakened. The
company also issued a downbeat revenue forecast for the second
quarter.
-Edited By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com