Among the companies with shares expected to actively trade in Wednesday's session are Adobe Systems Inc.(ADBE), Idenix Pharmaceuticals Inc. (IDIX) and FSI International Inc. (FSII).
Adobe's fiscal second-quarter earnings fell 2.4% as the company is transitioning to subscription services away from packaged software. Shares slid 4.4% to $31.46 after hours as the software company reduced its full-year revenue target and narrowed its full-year earnings view.
Biopharmaceutical firm Idenix has provided some results from an ongoing Phase 2b study of its lead hepatitis C drug, IDX184, showing positive suppression of the virus. Shares jumped 15% to $10.80 after hours.
FSI International's fiscal third-quarter earnings soared as the microelectronics-equipment maker posted sharply higher revenue. However, shares fell 15% to $3.76 after-hours as the company projected fiscal fourth-quarter revenue below Wall Street views.
Mitel Networks Corp.'s (MITL) fiscal fourth-quarter income soared as the online-communications company saw higher deferred income-tax recoveries and better-than-expected revenue buoy results. Shares jumped 7.8% after hours to $4.40 as the company topped both earnings and revenue expectations.
La-Z-Boy Inc.'s (LZB) fiscal fourth-quarter earnings surged from income from antidumping duties and a narrower loss at its retail segment, though the residential furniture maker's revenue weakened owing to an added week of sales a year earlier. Shares were up 4.3% to $13.70 after hours.
Health insurer Aetna Inc. (AET) recently won a group Medicare Advantage contract for the Teacher Retirement System of Texas that could add more than $800 million in Medicare premiums next year, the company said late Tuesday.
Applied Materials Inc. (AMAT) has named semiconductor industry veteran Gary Dickerson as its new president, effective Tuesday.
BankUnited Inc. (BKU) Chief Executive John Kanas and the bank's vice chairman and chief lending officer, John Bohlsen, will pay a combined $20 million to Capital One Financial Corp. (COF) out of their own pockets to settle a lawsuit alleging they had breached a noncompete agreement.
Standard & Poor's Ratings Services lifted its outlook on Charles River Laboratories International Inc. (CRL) to stable from negative, pointing to the drug-research services provider's improving revenue trends and lower spending on share repurchases.
ConAgra Foods Inc. (CAG) responded to a recent lawsuit that claims its hot dogs and other products sold under its Hebrew National brand aren't kosher.
GenMark Diagnostics Inc. (GNMK), a provider of medical diagnostic testing systems, said it plans to offer 10 million shares of its stock.
GNC Holdings Inc.'s (GNC) board has authorized up to $300 million in share repurchases, as the nutritional-supplement retailer looks to boost shareholder value.
Jabil Circuit Inc.'s (JBL) fiscal third-quarter earnings shrank 3.2%, snapping a long-running streak of improving income, as distressed customer charges in the latest period overshadowed slightly improved revenue.
Insight Venture Partners added fellow private-equity firm Vector Capital to its effort to take Quest Software Inc. (QSFT) private, raising the data-management company's latest buyout bid to about $2.17 billion.
Rite Aid Corp. (RAD) has agreed to pay up to $20.9 million to settle allegations that the company failed to pay proper overtime wages to assistant managers and co-managers.
Sunstone Hotel Investors Inc. (SHO) said it plans to sell 11 million shares of its stock, looking to use the money to fund its planned $91.75 million purchase of the 357-room Hilton Garden Inn Chicago Downtown/Magnificent Mile.
Write to Nathalie Tadena at email@example.com
(END) Dow Jones Newswires
June 20, 2012 06:41 ET (10:41 GMT)
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