Among the companies with shares expected to actively trade in
Wednesday's session are Dell Inc. (DELL), Williams-Sonoma Inc.
(WSM) and La-Z-Boy Inc. (LZB).
Dell's fiscal second-quarter earnings fell 18% as the computer
giant recorded weaker revenue, led by declines in its consumer
segment. Shares slid 4.5% to $11.78 after hours as revenue missed
the company's expectations. Dell also lowered its full-year
guidance and offered downbeat revenue guidance for the current
quarter.
Williams-Sonoma's revived gross margin and strong sales growth
lifted the housewares and furniture retailer's profit 10% in the
fiscal second quarter. The better-than-forecast results pushed
shares 9.1% higher after hours to $41.70.
La-Z-Boy's fiscal first-quarter earnings fell 90% on a
year-earlier reduction of some valuation reserves though the
furniture company's sales and margins improved. Shares were up 6.7%
at $14.40 after hours as revenue topped expectations.
Career Education Corp. (CECO) said Chief Financial Officer
Michael J. Graham has resigned to accept a position at another
company and named Colleen M. O'Sullivan, most recently the
company's chief accounting officer, as his replacement. Shares slid
3.7% to $3.60 after hours.
Fifth Third Bancorp (FITB) said the Federal Reserve has approved
the Midwestern bank's request for a 25% dividend increase and an
expanded stock repurchase program. Shares rose 3.5% to $14.89 after
hours.
Software maker Intuit Inc. (INTU) swung to a profit in its
fiscal fourth quarter as strong demand for its small-business
services was tempered by changes to the company's business mix and
a modest outlook for the coming year. Shares were down 2.7% at
$57.37 after hours as adjusted earnings missed estimates and the
company gave a cautious view for its new fiscal year.
Ultra Clean Holdings Inc. (UCTT) cut its third-quarter revenue
guidance amid weaker-than-expected demand in the semiconductor
capital equipment sector. Shares sank 17% to $5.56 after hours.
Watchlist:
Analog Devices Inc.'s (ADI) fiscal third-quarter income shrank
23%, as three out of four of the chip maker's major segments posted
weaker revenue.
Activist investor Carl Icahn withdrew his offer to buy the
remaining shares of petroleum company CVR Energy Inc. (CVI), ending
his bid to take the company private, according to a Securities and
Exchange Commission filing.
The Food and Drug Administration said Johnson & Johnson
(JNJ) unit Synthes last month initiated a recall on certain lots of
bone putty, saying the medical product could catch fire during
surgery.
Lorillard Inc. (LO) authorized up to $500 million in share
repurchases, as the tobacco company looks to boost shareholder
value.
Standard & Poor's Ratings Services lowered its outlook on
Weatherford International Ltd. (WFT), noting the oilfield-services
company's reliance on debt to finance its growth.
Wet Seal Inc. (WTSLA) swung to a fiscal second-quarter loss as
the teen clothing retailer reported a decline in sales.
-Write to Nathalie Tadena at nathalie.tadena@dowjones.com
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