Among the companies whose shares are expected to actively trade
in Thursday's session are Diamond Foods Inc. (DMND), Groupon Inc.
(GRPN) and Visa Inc. (V).
Diamond Foods said it will appoint a new chief executive and
chief financial officer and will restate earnings for the past two
fiscal years after an internal probe found the company's payments
to walnut growers weren't accounted for in the correct periods.
Shares plunged 42% to $21.38 in after hours trading.
Groupon posted a surprise fourth-quarter loss as expenses and
one-time charges outpaced revenue growth. For the current quarter,
the company projected revenue that tops analysts' estimates, but
shares still fell 16% to $20.75 after hours on the
weaker-than-expected bottom-line results.
Visa posted a 16.4% increase in fiscal first-quarter profit as
the credit-card processor continued to benefit from consumers'
increased use of plastic while grappling with new federal rules
that affect debit-card purchases. Shares gained 3.1% to $111.70
after hours.
IRobot Corp. (IRBT) reported its fourth-quarter profit climbed
52% as revenue improved, though the robot maker forecast
first-quarter and full-year results sharply below analyst
expectations. Shares plunged 21% to $30.40 in after-hours
trading.
Akamai Technologies Inc.'s (AKAM) fourth-quarter earnings rose
14% helped by strong revenue growth, and the company named a new
finance chief. Shares rose 13% to $38.85 in after-hours trading
amid the better-than-expected results.
General Cable Corp.'s (BGC) fourth-quarter earnings plunged 87%
as mark-to-market losses on derivatives and debt expenses weighed
on bottom-line results, though volume and margins also slipped.
Shares slipped 9.2% to $31.10 in after-hours trading as the maker
of copper, cable and fiber-optic wire products' results missed
analyst expectations.
Affymetrix Inc. (AFFX) swung to a wider-than-expected
fourth-quarter loss as product sales and revenue from royalties
slumped. Shares of the company slid 6% to $4.90 after hours. The
stock had climbed 27% this year through Wednesday's close.
FMC Corp. (FMC) posted a fourth-quarter profit, emerging from a
year-earlier loss caused by heavy restructuring charges, as the
chemical-products maker's agricultural business benefited from
surging demand. Shares rose 3.1% to $98 after hours on the
stronger-than-expected results.
Ironwood Pharmaceuticals Inc. (IRWD) said it is offering 5.3
million Class A shares to help strengthen its balance sheet ahead
of the potential launch of its gastrointestinal drug, which won't
see a review from an FDA advisory panel. Class A shares were off
5.8% at $12.99 after hours.
Watch List:
Andersons Inc.'s (ANDE) fourth-quarter profit slipped 16%, but
the company beat analyst expectations and reported record full-year
earnings as high wheat prices boosted its grain-handling
business.
Atmel Corp.'s (ATML) fourth-quarter earnings fell 85% from a
year-earlier period that included a big income-tax benefit as the
chip maker also saw its streak of revenue growth broken by a
delayed payment from a major customer.
Cisco Systems Inc.'s (CSCO) fiscal second-quarter earnings rose
43% as the networking company recorded improved revenue and
margins, topping its own expectations.
Equifax Inc.'s (EFX) fourth-quarter earnings rose 20% as the
credit-reporting company posted revenue growth led by its U.S.
consumer-information services business.
Everest Re Group Ltd.'s (RE) fourth-quarter earnings plunged 86%
as the insurer and reinsurer was hit with sharply higher
catastrophe losses than a year earlier.
Fidelity National Financial Inc.'s (FNF) fourth-quarter earnings
rose 32% as the title insurer's stronger core margins damped the
effect of lower revenue.
Flagstone Reinsurance Holdings SA (FSR) estimated $50 million to
$55 million in losses for the fourth quarter due to catastrophes
that occurred in the first half of 2011 and also provided a
preliminary estimate for losses from the flooding in Thailand.
General Growth Properties Inc. (GGP) posted a narrower
fourth-quarter loss as the shopping-mall owner benefited from
slightly higher occupancy and fewer one-time charges.
Gildan Activewear Inc. (GIL) posted a hefty loss in its fiscal
first quarter but the result was nonetheless a bit better than its
own expectations, thanks to net selling prices for Printwear that
were better than projected.
Ingram Micro Inc.'s (IM) fourth-quarter earnings fell 8.8% on a
prior-year tax benefit as the computer-equipment distributor and
supply-chain-logistics company posted only modest sales growth.
Kimco Realty Corp.'s (KIM) fourth-quarter earnings rose 25% on
stronger rental revenue and funds from operations, a profitability
metric for the real-estate investment sector. The company's funds
from operations and revenue results beat analysts'
expectations.
O'Reilly Automotive Inc.'s (ORLY) fourth-quarter earnings rose
16% as the auto-parts retailer's sales continued to increase.
Plains All American Pipeline LP's (PAA) fourth-quarter profit
surged 96% on higher revenue and continued strength in its
supply-and-logistics segment, while earnings from its PAA Natural
Gas Storage LP (PNG) business soared on new natural-gas sales.
Polycom Inc. (PLCM) said its chief financial officer will retire
next month to pursue other opportunities, allowing Electronic Arts
Inc. (EA) executive Eric Brown to join the company in a new dual
role.
Prudential Financial Inc.'s (PRU) fourth-quarter earnings soared
in its financial services business amid broad-based growth across
its insurance and investment segments.
RailAmerica Inc.'s (RA) fourth-quarter earnings fell 16% as a
larger tax credit boosted the railroad company's year-ago results,
though carloads slipped in the latest period.
Stryker Corp. (SYK) said Stephen P. MacMillan has resigned as
the company's chairman, president and chief executive for family
reasons, effective immediately.
Taubman Centers Inc.'s (TCO) fourth-quarter earnings surged as
the luxury-mall owner reported a significant accounting gain from
debt extinguishment on two former properties, as rent and occupancy
continued to rise.
TW Telecom Inc.'s (TWTC) fourth-quarter profit slid 6.3% as the
company saw higher expenses, though revenue improved.
Whole Foods Market Inc.'s (WFM) fiscal first-quarter income
jumped 33% as the natural-foods supermarket saw same-store sales
continue to grow as margins edged higher. The company also raised
its 2012 earnings guidance, sending shares up 0.7% to $78.45 after
hours.
-Edited by Maya Pope-Chappell and Ian Thomson; write to
maya.pope-chappell@dowjones.com and ian.thomson@dowjones.com