Starbucks's fiscal second-quarter earnings rose 20% to meet a weak target, but the coffee giant raised its full-year profit outlook even as it predicted high commodity costs will take an even bigger bite out of the bottom line. Shares were down 1.7% at $36.55 after hours.
Allstate's first-quarter earnings more than quadrupled as catastrophe losses plunged, revenue increased and the year-earlier quarter was stung by hefty capital losses. Shares rose 3.8% to $33.15 after hours as the profit surged past analysts' estimates.
EBay's first-quarter earnings rose 20% as adjusted earnings edged above its guidance, and the e-commerce operator raised its outlook for the year. Shares rose 0.2% to $34.10 after hours.
Akamai Technologies Inc.'s (AKAM) first-quarter profit climbed 24%, but its share price dropped 11% to $9.54 after the Internet-content delivery company said Wednesday it was renewing contracts at lower prices for some customers and handling lower volumes on others.
Exelon Corp. (EXC) is in the late stages of discussions to acquire Constellation Energy Group Inc. (CEG), Reuters reported Wednesday, citing a source familiar with the matter. Constellation shares were up 8.6% to $37.25 in after-hours trading, while Exelon's fell 1.1% to $41.02.
Norfolk Southern Corp.'s (NSC) first-quarter profit climbed 26% as each business segment reported higher revenue, led by a jump in demand for coal. Shares rose 3.1% to $70.50 in after-hours trading, as the top line and adjusted earnings easily topped Wall Street's expectations.
Xilinx Inc.'s (XLNX) fiscal fourth-quarter earnings rose 7.8%, beating analysts' estimates, as the chip maker's revenue increased. The company also forecast current-quarter revenue above analysts' expectation. Shares were up 2.3% to $33.60 after hours.
Flextronics International Ltd.'s (FLEX) fiscal fourth-quarter earnings more than doubled, but the contract-electronics company predicted current-quarter results largely below expectations. Shares were down 7.2% at $6.97 after hours.
Citrix Systems Inc.'s (CTXS) first-quarter earnings rose 55% as the virtualization and infrastructure software company reported across-the-board revenue growth, led by product license and technical services, while margins expanded. Shares rose 5.6% to $82.20 in after-hours trading, as results topped the company's expectations and Citrix raised its outlook for the year.
Community Health Systems Inc.'s (CYH) first-quarter earnings fell 12% on write-downs and loss on a sale, though revenue growth was better than expected. Shares were down 3.5% at $30.26 after hours.
Novellus Systems Inc.'s (NVLS) first-quarter profit more than doubled as sales surged, but the semiconductor tool maker projected weak second-quarter results due to worries about the impact of the Japan earthquake and macroeconomic factors. Shares dropped 4.7% to $33.04 in after-hours trading.
Liz Claiborne Inc.'s (LIZ) first-quarter loss widened on lower Lucky Brand and Juicy Couture sales, as the apparel maker's results badly missed Wall Street's expectations. Shares fell 2.8% to $6.37 in after-hours trading on the weak results, although Liz Claiborne reported higher margins and improved sales for Kate Spade.
Open Text Corp. (OTEX) reported a 37% jump in license revenue in the fiscal third quarter and better-than-expected revenue overall, but its adjusted profit fell short of analyst forecasts. Shares rose 2.1% to $65.50 after-hours.
Toshiba Corp.'s (TOSYY, 6502.TO) medical-systems unit has agreed to buy supplier Vital Images Inc. (VTAL) for $273 million. Vital Images shares jumped 31% to $18.62 in after-hours trading, compared with the $18.75 offer price. The stock hasn't closed above the offer level since 2007.
CoStar Group Inc. (CSGP) signed an agreement to acquire LoopNet Inc. (LOOP), an online provider of commercial real-estate market services, in a cash-and-stock transaction valued at about $860 million. The transaction, which will allow LoopNet shareholders to receive $16.50 in cash and 0.03702 shares of CoStar stock for each share owned, represents a premium of 31% on LoopNet's closing price on Tuesday. LoopNet's shares jumped 26% to $18.11 in after-hours trading.
Evergreen Solar Inc. (ESLR) said uncertainties about subsidies programs have substantially slowed demand for solar panels this year, a trend that has extended beyond the historically sluggish first quarter. As a result, the solar company said its near-term liquidity has been hurt and it may have to secure additional sources of cash sooner than expected. Evergreen said it will continue to restructure its existing debt. Shares plunged 18% to $1.70 in after-hours trading.
LSI Corp.'s (LSI) first-quarter profit fell 55% from a prior-year bolstered by a tax benefit, while a loss from discontinued operations skewed the latest bottom line. Shares rose 5.8% to $7.30 after-hours.
TriQuint Semiconductor Inc.'s (TQNT) first-quarter earnings fell 9.3% as the company's revenue increased but it saw a significantly higher tax bill. The company also forecast current-quarter earnings of the forecast by analysts surveyed by Thomson Reuters. Shares dropped 6.9% to $12.55 in after-hours trading.
Arris Group Inc.'s (ARRS) first-quarter profit dropped 37% on falling gross margins and higher operating expenses, although net sales grew modestly. Shares slid 7.6% to $12 in after-hours trading, as the company's outlook for the current quarter was generally weak.
Newport Corp.'s (NEWP) first-quarter adjusted earnings soared past its guidance as its bottom line more than quadrupled, and the supplier of advanced technology products also gave an upbeat outlook for second-quarter results. Shares were up 10% at $19.74 after hours.
Nutrisystem Inc. (NTRI) swung to a first-quarter loss as the weight-management company booked severance charges, lower revenue and weaker margins. But shares jumped 13% to $16.20 in after-hours trading as the results beat expectations and the company increased its 2011 full-year guidance.
Teradyne Inc.'s (TER) first-quarter profit soared 89% as the maker of semiconductor-testing equipment recorded a gain from discontinued operations and better-than-expected revenue growth. But shares fell 5.4% to $17.30 in after-hours trading Wednesday as the company's outlook for the current quarter was generally weak.
Affymetrix Inc. (AFFX) swung to a small first-quarter profit as expenses slid, although shares dropped in after-hours trading as revenue fell more than analysts expected. Shares of the company, which develops products for genetic analysis, slid 10% to $5.25 after hours.
Owens-Illinois Inc.'s (OI) first-quarter profit slipped 15%, but still topped Wall Street's expectations, as the glass-container maker's bottom line was hurt by higher costs including inflation and interest expense on additional borrowings for acquisitions. Shares rose 7.8% to $28.31 in after-hours trading.
Watch List:
Assurant Inc. (AIZ) first-quarter profit fell 9.8% as revenue declined, while operating earnings topped Wall Street's views.
The audit committee of the board of directors at Berkshire Hathaway Inc. (BRKA, BRKB) said its investigation of stock purchases by David Sokol showed the former executive violated company policies and concluded he misled senior management about the investments.
Cabot Oil & Gas Corp. (COG) first-quarter earnings fell 55% because of limp pricing, but the independent natural-gas producer's results were better than expected on the strength of its output levels.
Crown Castle International Corp. (CCI) swung to a first-quarter profit from a year-earlier period as revenue rose more than expected.
Everest Re Group Ltd.'s (RE) first-quarter loss widened as catastrophe losses rose sharply, and its operating loss was bigger than analysts had feared, though revenue rose.
KBR Inc.'s (KBR) first-quarter earnings more than doubled, handily beating analysts' estimates, as revenue from its gas-monetization activities drove increased revenue in its hydrocarbon business.
Lincoln National Corp.'s (LNC) first-quarter earnings rose 20%, as the company saw stronger profit in both its annuities and life-insurance segments.
Lubrizol Corp.'s (LZ) first-quarter earnings rose 4.4%, with revenue and adjusted earnings climbing past analysts' estimates, as the company's revenue increased.
O'Reilly Automotive Inc.'s (ORLY) first-quarter earnings rose 5.1%, as the auto-parts retailer raised its earnings outlook for the year.
SL Green Realty Corp.'s (SLG) first-quarter profit soared on climbing rents, as a key gauge of profitability jumped much higher than analysts were expecting.
RailAmerica Inc.'s (RA) swung to a first-quarter profit as the railroad company reported stronger-than-expected revenue growth and wider operating margins. Source http://online.wsj.com/article/BT-CO-20110428-708315.html For the latest updates PRESS CTR + D or visit Stock Market news Today
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