Among the companies with shares expected to actively trade in
Tuesday's session are Netflix Inc. (NFLX), Symmetricom Inc. (SYMM),
Oxygen Biotherapeutics Inc. (OXBT) and VMware Inc. (VMW).
Netflix's third-quarter profit more than quadrupled as the
movie-subscription company added more Internet subscribers
globally. Shares jumped 11% to $394.83 in after-hours trading, as
sales for the quarter exceeded expectations and Netflix issued a
rosy outlook for the current quarter.
Microsemi Corp. (MSCC) agreed to pay almost $298 million to
acquire Symmetricom, a deal that will expand the power-management
supplier's exposure into the aerospace and defense industries while
also immediately adding to earnings. Shares in Symmetricom soared
50% to $7.15 in after-hours trading.
Oxygen Biotherapeutics said it agreed to buy about $4.8 million
in assets from Phyxius Pharma that treat cardiac surgery patients.
Shares of Oxygen Biotherapeutics were up 68% to $2.35 in
after-hours trading.
VMware's third-quarter profit rose 66% as the
virtualization-software maker posted strong growth in revenue and
wider margins. Shares of VMware were up 11% to $91.88 in
after-hours trading as the company's earnings beat
expectations.
Texas Instruments Inc.'s (TXN) third-quarter profit fell 20% as
the chip maker's sales dipped slightly and it recorded a larger
provision for income taxes compared with the year-ago period. In
after-hours trading, the company's stock fell 3.2% to $39.70 as
TI's current-quarter outlook missed analyst expectations.
E-Commerce China Dangdang Inc. (DANG) on Monday cut its estimate
for third-quarter revenue as the Chinese online retailer said it
cut sales of some lower-margin products. Shares dropped 11% to
$10.33 after hours.
Shares of Illumina Inc. (ILMN) jumped after the gene-sequencing
company reported better-than-expected third-quarter results and
issued a rosier outlook for the current year. The stock climbed
6.4% to $87.01 in after-hours trading.
Watch List:
Moody's Investors Service lowered its ratings on Darden
Restaurants Inc. (DRI) closer to junk territory, citing the
restaurant operator's weaker-than-expected earnings performance due
to declines at Olive Garden and Red Lobster.
Discover Financial Services' (DFS) third-quarter earnings fell
6.9% as the company set aside more money to cover potential loan
losses, though the company's credit-card business continued to see
growth in loans and a drop in deliquencies.
J.C. Penney Co. (JCP) and Martha Stewart Living Omnimedia Inc.
(MSO) have agreed to tighten the terms of their merchandising
agreement, which has been the focus of a court fight with Macy's
Inc. (M).
PDL BioPharma Inc. (PDLI) said it had acquired the royalty
rights and milestones payable on sales of DepoMed's (DEPO) type 2
diabetes products for $240.5 million in cash.
Rent-A-Center Inc.'s (RCII) third-quarter earnings fell 31%
despite modest overall revenue growth, though falling electronics
products prices and increased promotional activity contributed to a
same-store sales decline in its core U.S. business segment of
5.1%.
Discount retailer TJX Cos. (TJX) issued a rosier fiscal
third-quarter outlook and raised the company's full-year earnings
outlook. The parent of T.J. Maxx, HomeGoods and Marshalls bullish
outlook commentary was disclosed a day before the retailer is
hosting an investor event.
Write to John Kell at john.kell@wsj.com
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