Netflix's fourth-quarter earnings fell 14% on the online video and DVD-rental company's costly expansion into new geographies, but subscriber rates were solid on the whole and the company promised to lay off further expansion. Shares gained 16% to $110 in recent after-hours trading.
SanDisk's fourth-quarter profit fell 42% from a year-ago result buoyed by a large tax-provision benefit, while core earnings registered a slight improvement. Shares still dropped 8.5% to $47.90 in after-hours trading as the flash-memory maker provided soft guidance.
Symantec's fiscal third-quarter earnings surged 82% as the software company reported strong sales of security and backup products. Shares climbed 1.1% to $17.25 after hours.
Mellanox Technologies Ltd. (MLNX, MLNX.TV) swung to a fourth-quarter profit as the data-storage company reported record revenue. Shares trading in New York climbed 14% to $35.47 after hours.
United Rentals Inc. (URI) swung to a fourth-quarter profit as higher volumes and rental rates continued to boost the company's top line. Shares jumped 5.2% to $36.56 after hours on the stronger-than-expected results.
Teradyne Inc.'s (TER) fourth-quarter earnings more than doubled on a large tax-provision benefit as the maker of chip-testing equipment, but the company's swung to a loss from continuing operations before taxes. Shares were up 7.9% at $17.40 after hours on the company's better-than-expected outlook.
Republic Airways Holdings Inc. (RJET) raised its fourth-quarter guidance for a closely watched metric in the airline industry and issued an earnings estimate that topped analyst expectations, citing stronger results from its Frontier Airlines unit. Shares jumped 18% to $5.36 in after-hours trading.
Covance Inc.'s (CVD) fourth-quarter earnings fell 26% on charges, but adjusted profit rose at the drug-research outsourcing company on higher sales and margin. Shares were down 4.6% at $44.98 after hours on the company's weak profit outlook.
Varian Medical Systems Inc. (VAR) reported its fiscal first-quarter earnings fell by 6.5% as margins slipped. Shares slid 4.3% to $66.25 after hours as Varian issued a downbeat second-quarter outlook.
Eagle Bancorp Inc.'s (EGBN) fourth-quarter profit rose a better-than-expected 49% as the bank's income from interest and home refinancing continued to climb. Shares rose 27% to $20.14 after hours after the parent company of EagleBank posted its 12 consecutive quarter of earnings growth.
Trius Therapeutics Inc. (TSRX) said it would offer an unspecified number of shares for sale and said the Securities and Exchange Commission is requesting more information about its third-quarter revenue. Shares in the antibacterial-drug company were down 9.3% at $5.25 on the news in after-hours trading.
Citi Trends Inc. (CTRN) said Chief Executive David Alexander has resigned to pursue other opportunities and Chairman Ed Anderson, who previously served in the role, will take it back over. The value-price retailer has seen its results weaken in recent quarters on declining same-store sales and the related need to offer more clearance markdowns. Citi Trends has scaled back its store-opening plans and cut jobs in an effort to boost its bottom line. Shares were off $1.7% at $9.62 after hours.
Owens-Illinois Inc.'s (OI) fourth-quarter loss widened on a series of write-downs, while the glass-container company's core earnings improved slightly amid higher sales. The bottle maker also disclosed the retirement of its chief financial officer. Shares declined 1.8% to $22.81 after hours. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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