Among the companies with shares expected to actively trade in
Wednesday's session are Adobe Systems Inc.(ADBE), Idenix
Pharmaceuticals Inc. (IDIX) and FSI International Inc. (FSII).
Adobe's fiscal second-quarter earnings fell 2.4% as the company
is transitioning to subscription services away from packaged
software. Shares slid 4.4% to $31.46 after hours as the software
company reduced its full-year revenue target and narrowed its
full-year earnings view.
Biopharmaceutical firm Idenix has provided some results from an
ongoing Phase 2b study of its lead hepatitis C drug, IDX184,
showing positive suppression of the virus. Shares jumped 15% to
$10.80 after hours.
FSI International's fiscal third-quarter earnings soared as the
microelectronics-equipment maker posted sharply higher revenue.
However, shares fell 15% to $3.76 after-hours as the company
projected fiscal fourth-quarter revenue below Wall Street
views.
Mitel Networks Corp.'s (MITL) fiscal fourth-quarter income
soared as the online-communications company saw higher deferred
income-tax recoveries and better-than-expected revenue buoy
results. Shares jumped 7.8% after hours to $4.40 as the company
topped both earnings and revenue expectations.
La-Z-Boy Inc.'s (LZB) fiscal fourth-quarter earnings surged from
income from antidumping duties and a narrower loss at its retail
segment, though the residential furniture maker's revenue weakened
owing to an added week of sales a year earlier. Shares were up 4.3%
to $13.70 after hours.
Watchlist:
Health insurer Aetna Inc. (AET) recently won a group Medicare
Advantage contract for the Teacher Retirement System of Texas that
could add more than $800 million in Medicare premiums next year,
the company said late Tuesday.
Applied Materials Inc. (AMAT) has named semiconductor industry
veteran Gary Dickerson as its new president, effective Tuesday.
BankUnited Inc. (BKU) Chief Executive John Kanas and the bank's
vice chairman and chief lending officer, John Bohlsen, will pay a
combined $20 million to Capital One Financial Corp. (COF) out of
their own pockets to settle a lawsuit alleging they had breached a
noncompete agreement.
Standard & Poor's Ratings Services lifted its outlook on
Charles River Laboratories International Inc. (CRL) to stable from
negative, pointing to the drug-research services provider's
improving revenue trends and lower spending on share
repurchases.
ConAgra Foods Inc. (CAG) responded to a recent lawsuit that
claims its hot dogs and other products sold under its Hebrew
National brand aren't kosher.
GenMark Diagnostics Inc. (GNMK), a provider of medical
diagnostic testing systems, said it plans to offer 10 million
shares of its stock.
GNC Holdings Inc.'s (GNC) board has authorized up to $300
million in share repurchases, as the nutritional-supplement
retailer looks to boost shareholder value.
Jabil Circuit Inc.'s (JBL) fiscal third-quarter earnings shrank
3.2%, snapping a long-running streak of improving income, as
distressed customer charges in the latest period overshadowed
slightly improved revenue.
Insight Venture Partners added fellow private-equity firm Vector
Capital to its effort to take Quest Software Inc. (QSFT) private,
raising the data-management company's latest buyout bid to about
$2.17 billion.
Rite Aid Corp. (RAD) has agreed to pay up to $20.9 million to
settle allegations that the company failed to pay proper overtime
wages to assistant managers and co-managers.
Sunstone Hotel Investors Inc. (SHO) said it plans to sell 11
million shares of its stock, looking to use the money to fund its
planned $91.75 million purchase of the 357-room Hilton Garden Inn
Chicago Downtown/Magnificent Mile.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com