Among the companies with shares expected to actively trade in
Friday's session are Autodesk Inc. (ADSK), Aruba Networks Inc.
(ARUN) and Salesforce.com Inc. (CRM).
Design software maker Autodesk's fiscal second-quarter profit
fell 9.3%, and the company said it plans to reduce its staff in a
restructuring effort to address a shift to cloud and mobile
computing. Revenue missed Autodesk's expectations and the company
lowered its full-year revenue guidance. Shares plunged 21% to
$28.10 after hours.
Aruba Networks swung to a loss in the fiscal fourth-quarter on a
year-earlier tax benefit of $72.8 million, though the
WiFi-equipment maker posted strong revenue growth. Shares rose 15%
to $19.48 after hours as adjusted earnings and revenue exceeded
expectations.
Salesforce.com posted a fiscal second-quarter loss as operating
costs and stock-based expenses jumped, although the company's
top-line growth and quarterly billings exceeded expectations.
Shares slumped 5.1% to $139.30 after hours on lower guidance for
per-share earnings in the current quarter and a modest decline in
the growth rate of deferred revenue, which is a critical measure of
future revenue for its subscription-based business model.
Solera Holdings Inc.'s (SLH) fiscal fourth-quarter profit grew a
better-than-expected 21% as the auto-insurance software maker
posted stronger results from its insurance-company customers.
However, shares slid 4% to $41 after hours as the company provided
downbeat guidance for the new fiscal year.
Syneron Medical Ltd. (ELOS) said its Chief Financial Officer
Asaf Alperovitz has resigned to pursue a new career opportunity and
has appointed David Schlachet, its former chief executive, as
interim CFO. Shares slipped 3.1% to $9.50 after hours.
Watchlist:
Bebe Stores Inc.'s (BEBE) fiscal fourth-quarter earnings fell
36% as the women's clothing retailer saw lower same-store sales
weaken revenue.
Brinker International Inc. (EAT) approved the repurchase of an
additional $500 million in stock, and boosted its dividend, as it
aims to increase shareholder returns.
Bristol-Myers Squibb Co. (BMY) said Thursday it has discontinued
the development of a drug intended to treat the liver disease
hepatitis C in the interest of patient safety, after a patient died
and others were hospitalized.
Mentor Graphics Corp.'s (MENT) fiscal second-quarter earnings
more than quadrupled as the chip-design software company reported
strong revenue gains in its system and software business.
Panera Bread Co. (PNRA) has authorized up to $600 million in
share repurchases as the bakery-cafe chain looks to increase
shareholder returns.
A QEP Resources Inc. (QEP) unit reached two agreements to
acquire oil-development properties in the Williston Basin in North
Dakota from multiple sellers in deals with a combined value of
roughly $1.38 billion.
Qualcomm Inc. (QCOM) said it purchased chip maker DesignArt
Networks, giving the company new system-on-chip and mobile
offerings.
Rue21 Inc.'s (RUE) fiscal second-quarter earnings rose 19% as
the value-oriented teen-apparel retailer continued to add stores
and increase revenue.
Shoe Carnival Inc.'s (SCVL) fiscal second-quarter earnings rose
5.3% as strong sales of athletic shoes helped offset the expense of
opening new stores.
Watson Pharmaceuticals Inc. (WPI) said a subsidiary has received
final approval from the U.S. Food and Drug Administration for a
generic equivalent of Endo Health Solutions Inc.'s (ENDP) Lidoderm
pain-relief patch.
Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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