Among the companies with shares expected to actively trade in
Thursday's session are Zynga Inc. (ZNGA), Sprint Nextel Corp. (S)
and Western Digital Corp. (WDC).
Zynga swung to a second-quarter loss as costs surged and
year-over-year revenue growth slowed. Shares plunged 40% premarket
to $3.03 after the company sharply lowered its full-year earnings
estimates, saying it is seeing a faster decline in existing web
games due to a more challenging environment on Facebook Inc. (FB)
and reduced expectations for its "Draw Something" game. Meanwhile,
Facebook shares dropped 5.45% to $27.72 premarket.
Sprint's shares jumped 18.40% to $3.98 premarket as the wireless
carrier's revenue grew more than expected, despite the company
posting a wider-than-expected second-quarter loss and losing
246,000 postpaid customers, another number that was larger than
anticipated. Sales of the Apple Inc. (AAPL) iPhone were stable in
the quarter compared with sequential drops at Sprint competitors
and the company is retaining 60% of postpaid customers that are
leaving the Nextel platform as that network shuts down.
Western Digital reported surprisingly strong fiscal
fourth-quarter results as the hard-disk-drive maker benefited from
its recent acquisition and the recovery from severe flooding.
Shares jumped 18% to $38.40 premarket as adjusted earnings and
revenue were stronger than Western Digital had projected. Rival
Seagate Technology Inc.'s (STX) shares also rose, adding 12% to
$29.40 in premarket trading.
Shares of Quality Systems Inc. (QSII) slumped 24% to $18.00 as a
drop in system sales left the medical-records software company
posting fiscal first-quarter results far short of Wall Street
expectations. The company also warned it was not affirming or
providing revised guidance for the year. "We believe the miss this
quarter is due to the large practice market being nearly fully
penetrated, and we do not expect a large re-acceleration of sales
in the back half of the year," analysts at Leerink Swann wrote in a
note to clients, adding they were "very cautious" on the stock.
Whole Foods Market Inc.'s (WFM) fiscal third-quarter earnings
rose 32% as the natural-foods supermarket recorded stronger revenue
and margins. The company also raised its full-year view. Shares
climbed 11% to $94.00 premarket.
For-profit educator Strayer Education Inc. (STRA) looks to be
projecting third-quarter EPS far below analysts' estimates, amid a
7% drop from a year ago in summer enrollment and the opening of
four new campuses for the period in new-market Minneapolis and
Chicago. Shares tumbled 16% to $76.00 premarket. Competitor Apollo
Group Inc. (APOL), which runs the University of Phoenix, also fell
7.1% to $26.05 in premarket trading.
Akamai Technologies Inc. (AKAM) topped its own earnings forecast
thanks to another quarter of strong revenue growth from the
Internet technology company. Shares surged 17% to $33.00 in
premarket trading.
Fortinet Inc.'s (FTNT) second-quarter earnings slipped 3.8% as
the network-security company recorded a larger income-tax provision
and increased expenses, though revenue topped its own expectations.
Shares jumped 12% to $24.99 premarket as the company's billings
increased at their fastest rate in more than a year.
Synacor Inc.'s (SYNC) second-quarter earnings soared from a year
earlier as the telecom services provider reported improved search
and display as well as subscription-based revenues. However, shares
slipped 14% to $11.20 premarket as the company forecast
current-quarter revenue below analyst expectations and projected
full-year revenue to be at the lower end of its earlier
estimates.
Genetic testing company Genetic Technologies Ltd. (GENE)(GTG.AU)
announced that BREVAGen, the firm's genetic test to determine
breast cancer risk, has been cleared for sale in California by the
state's Department of Public Health. Shares soared 32% to $4.61
premarket.
Terex Corp.'s (TEX) swung to a second-quarter profit as the
construction-machinery maker saw stronger revenue in its aerial
work platforms and cranes segments. Shares jumped 15% to $16.20
premarket as earnings topped analyst expectations and as the
company raised its full-year earnings guidance.
Evercore Partners cut its rating on daily deals website Groupon
Inc. (GRPN) to equalweight from overweight on concerns over the
transparency and disclosure of the company's consumer products
business and what Evercore describes in a note to clients as "signs
of deterioration within the core daily deals business." Shares fell
7.32% to $6.71 premarket.
Tractor Supply Co.'s (TSCO) second-quarter earnings rose a
better-than-expected 17% as margins improved and it saw stronger
sales of animal- and pet-related merchandise. The company also
lifted its full-year earnings view. Shares jumped 7.64% to $85.09
premarket.
Watchlist:
Ameriprise Financial Inc.'s (AMP) second-quarter earnings fell
29% as the financial-services provider saw fees fall from
management and financial advice, as well as a decline in net
investment income. Results were below Wall Street expectations.
Angie's List Inc.'s (ANGI) second-quarter loss widened as the
online review site continued to log higher selling and marketing
expenses, offsetting a jump in revenue.
C.R. Bard Inc. (BCR) swung to a second-quarter profit, after its
year-earlier period was weighed down by legal-related costs, and
said all four of the company's major segments reported improved
revenue.
Cheesecake Factory Inc.'s (CAKE) second-quarter earnings rose
14.8% as the restaurant operator's namesake restaurant chain posted
higher same-store sales by attracting more customers and its
margins rise.
Christopher & Banks Corp. (CBK) expects fiscal
second-quarter sales to decline, reflecting fewer stores, but the
women's retailer defended its turnaround plan, citing improvements
in same-store sales.
Citrix Systems Inc.'s (CTXS) second-quarter earnings rose 12% as
the software maker reported broad revenue gains. Adjusted earnings
and revenue beat its expectations.
Cliffs Natural Resources Inc.'s (CLF) second-quarter earnings
slumped 37% as the mining company saw lower sales margins and
higher expenses.
Community Health Systems Inc.'s (CYH) second-quarter earnings
surged over the year-ago period, hit by a big charge while
admissions also grew.
Standard & Poor's Ratings Services cut Duke Energy Corp.
(DUK) a notch, citing impacts from the company's abrupt leadership
changes.
Energen Corp.'s (EGN) second-quarter earnings more than doubled
as the company saw a double-digit rise in revenue, buoyed by gains
from oil and gas operations that offset a fall in natural-gas
distribution revenue.
Equifax Inc.'s (EFX) second-quarter earnings more than doubled
compared with a year-earlier loss of $27.8 million related to the
merger of its Brazilian business and as the credit-reporting
company reported broad-based revenue growth.
Equity Residential's (EQR) second-quarter earnings sank 81%,
compared with a year-ago period that was boosted by the real-estate
investment trust's gains on discontinued operations. But revenue
and key profitability measures jumped, and the REIT raised the
lower end of its full-year outlook for normalized funds from
operations.
Flextronics International Ltd.'s (FLEX) fiscal first-quarter
profit sank 2.7% as the contract-electronics manufacturer's revenue
plummeted and losses from discontinued operations weighed down
results, though input costs fell.
Hill-Rom Holdings Inc. (HRC) said it has acquired privately held
Aspen Surgical Products for $400 million as the hospital
bed-supplier looks to expand to surgical consumable products. The
company also reported its fiscal third-quarter earnings soared as
the company's international sales improved and as charges weighed
on year-ago results.
Las Vegas Sands Corp.'s (LVS) second-quarter earnings fell 34.6%
on lower casino win, increased legal expenses and certain
impairment charges. Although the casino operator's revenue rose,
its results sorely missed analysts expectations.
LogMeIn Inc.'s (LOGM) second-quarter earnings fell 79% as the
information technology's expenses rose and margins weakened.
LogMeIn lowered its full-year guidance and issued a downbeat
outlook for the current quarter.
LSI Corp.'s (LSI) second-quarter earnings fell 80% on a
year-earlier gain of $260.1 million related to the sale of its
external storage systems business.
MKS Instruments Inc.'s (MKSI) second-quarter profit sank 52% as
demand for chip manufacturing slowed, a trend expected to continue
into the current quarter.
Newcastle Investment Corp. (NCT) said it plans to offer 20
million shares as the real-estate investment trust looks to raise
funds for general corporate purposes.
O'Reilly Automotive Inc.'s (ORLY) second-quarter earnings rose
9.2% as the auto-parts retailer's revenue and margins continued to
improve. The company again raised its full-year earnings view and
projected third-quarter earnings mostly above analyst
expectations.
SL Green Realty Corp.'s (SLG) second-quarter earnings sank 79%
as the real-estate investment trust logged higher expenses, though
its revenue improved.
Skechers USA Inc.'s (SKX) second-quarter loss narrowed sharply
as its margins improved on higher selling prices.
Whiting Petroleum Corp.'s (WLL) second-quarter profit fell 26%
as the company recorded a smaller derivative gain and expenses
rose, though production increased.
Write to Anna Prior at anna.prior@dowjones.com
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