Among the companies whose shares are expected to actively trade
in Friday's session are Research In Motion Ltd. (RIMM), Adobe
Systems Inc. (ADBE) and Quiksilver Inc. (ZQK).
Research In Motion said its fiscal third-quarter earnings fell
71% after taking a $485-million, pretax, mostly noncash charge
related to unsold PlayBook tablets. The company's quarterly
earnings topped forecasts, but shares tumbled 7.5% to $13.99 in
recent after-hours trading as revenue slightly missed expectations
and it gave downbeat fourth-quarter guidance.
Adobe Systems's fiscal fourth-quarter earnings fell 35% on
restructuring charges, but the software company's adjusted profit
returned to growth on higher sales. Shares were up 5.6% at $27.93
after hours.
Quiksilver swung to a profit in its fiscal fourth quarter as a
tax adjustment and improved revenue lifted the outdoor sports
outfitter's bottom-line results. Shares jumped 7.2 % to $3.29 in
recent after-hours trading.
YRC Worldwide Inc. (YRCWD) said it sold some of the assets of
its Glen Moore truckload unit to Celadon Group Inc. (CGI) as the
struggling company continues to streamlines its operations. Shares
in YRC were up 9.5% at $10.60 in after-hours trading. Celadon
shares weren't active.
StemCells Inc. (STEM) said it plans to sell more common stock
and warrants, sending its shares sliding 11% to $1.24 after the
bell Thursday.
CTS Corp. (CTS) increased its quarterly dividend a half a cent
to 3 cents a share, a move that pushed the company's stock higher
after hours. Shares in the electronics-components maker were up
7.2% at $9.54 in after-hours trading.
AAR Corp.'s (AIR) fiscal second-quarter earnings rose 4.3% as
the aircraft-leasing-and-maintenance company posted double-digit
sales gains in its supply chain business. Shares rose 2.3% to
$17.90 after hours.
Watch List:
Accenture PLC's (ACN) fiscal first-quarter earnings rose 18%,
continuing a streak of better-than-expected results, as each of the
consulting and outsourcing company's five business segments
reported double-digit revenue growth.
Affymax Inc. (AFFY) said partner Takeda Pharmaceutical Co.
(TKPYY, 4502.TO) opted not to commercialize its anemia treatment in
Japan, deciding the product didn't fit with its strategic
plans.
AK Steel Holding Corp. (AKS) said it expects shipments and
selling prices to rise in the fourth quarter from a year earlier,
while operating costs are expected to fall from the previous
quarter.
Amgen Inc. (AMGN) Chairman and Chief Executive Kevin W. Sharer
said he will retire next year, prompting the company to tap Chief
Operating Officer Robert Bradway to steer it as its once-small
businesses mature.
Anadarko Petroleum Corp. (APC) disclosed plans to sell midstream
assets in Wyoming for $483 million to Western Gas Partners LP
(WES), a limited partnership formed by the oil-and-gas
explorer.
Cablevision Systems Corp. (CVC) said Chief Operating Officer Tom
Rutledge will resign, ending his nearly 10-year tenure at the
fifth-largest U.S. cable company.
Flowserve Corp. (FLS) issued a 2012 earnings guidance range
largely below analysts' expectations, while the valve and pump
producer's board outlined a plan for returning earnings to
shareholders through dividends and share repurchases.
Heico Corp.'s (HEI, HEIA) fiscal fourth-quarter earnings rose
18%, helped by record high profit in its flight-support arm.
New York Times Co. (NYT) said Chief Executive Janet L. Robinson
would retire at the end of the year, and Chairman Arthur Sulzberger
Jr. would serve as interim CEO while the company searches for a
successor.
Activist investor Carl Icahn's slate of candidates for the
Oshkosh Corp. (OSK) board would support merging Oshkosh with truck
maker Navistar International Corp. (NAV), according to a regulatory
filing Thursday.
St. Jude Medical Inc. (STJ) said its November letter about
problems with some defibillator wires was designated a Class I
voluntary recall by the FDA, but the medical-device maker did not
disclose any change in its instructions to doctors treating
patients already using the product.
United Technologies Corp. (UTX) predicted the addition of
Goodrich Corp. (GR) and the absence of share buybacks next year
would pressure earnings in 2012, though it expected profit would
grow excluding that takeover, despite revenue below analysts'
estimates.
Global payments company Western Union Co. (WU) will pay $220
million to the Internal Revenue Service and various state tax
authorities to resolve tax issues stemming from the restructuring
of its international operations in 2003.
-Edited by Ian Thomson and Corrie Driebusch; write to
ian.thomson@dowjones.com and corrie.driebusch@dowjones.com
