By Dow Jones Business News, October 31, 2013, 06:30:00 AM EDT
Among the companies with shares expected to actively trade in Thursday's session are Expedia Inc. ( EXPE ), Weight
Watchers International Inc. ( WTW ), Visa Inc. ( V ) and Alco Stores Inc. ( ALCS ).
Expedia's third-quarter earnings fell slightly thanks in part to a higher tax bill, but higher bookings helped boost
revenue. Shares of Expedia jumped 18% to $59.20 after hours as revenue beat expectations.
Weight Watchers' third-quarter earnings fell 11% as the company's weight-loss meeting attendance and revenue continued
to decline. Shares were down 15% at $33.84 in recent after-hours trading as the company's board suspended the quarterly
Visa's fiscal fourth-quarter profit slid 28% as a jump in the number of payments processed by the company was
overshadowed by a prior-year gain related to tax reserves. Adjusted profit for the period matched Wall Street's
expectations, though overall revenue growth was lower than expected. Shares fell 3% to $197.75 after hours.
Alco Stores said shareholders had rejected the company's acquisition by private investment firm Argonne Capital Group.
Shares of Alco were down 5.4% at $13.20 in after-hours trading.
Hanesbrands Inc.'s ( HBI ) third-quarter earnings rose 14% as the apparel maker benefited from stronger margins, though
currency fluctuations weighed on revenue. The company raised its estimates for the year, sending shares up 3.5% to $66
in after-hours trading.
Glu Mobile Inc.'s ( GLUU ) third-quarter loss widened as the mobile-game maker reported a double-digit decline in
revenue and weaker gross margins. Shares dropped 13% to $3.31 in after-hours trading.
Allstate Corp.'s ( ALL ) third-quarter earnings fell 57% as the insurer posted a loss related to the divestiture of
Lincoln Benefit Life Co., though the company's operating earnings improved.
Avis Budget Group Inc.'s ( CAR ) third-quarter profit dropped 58% as the car-rental company's prior-year results were
bolstered by an income tax benefit, masking a jump in revenue on strong growth in North America and abroad.
Bank of America Corp. ( BAC ) said a U.S. attorney plans to recommend the Department of Justice file a civil lawsuit
against the bank over soured mortgage-backed securities, according to a regulatory filing.
Bankrate Inc. ( RATE ) reported it swung to a third-quarter loss on a debt-related loss and slightly weaker margins,
though the financial-information provider's revenue grew.
Elizabeth Arden Inc.'s ( RDEN ) fiscal first-quarter profit fell 22% as the beauty-products company recorded a slight
drop in sales and higher expenses.
Equity Residential's ( EQR ) third-quarter earnings climbed 72% as the apartment landlord recorded a jump in revenue and
higher gains from property sales.
Facebook Inc.'s ( FB ) revival continued as its surging mobile-advertising business helped the social network post a
third-quarter profit, making its bumpy initial public offering last year seem like a distant memory.
IntercontinentalExchange Inc. ( ICE ) pushed back the date it intends to close on the company's acquisition of NYSE
Euronext (NYX), as the exchange operator moved to provide European regulators more time to sign off on the deal.
Kraft Foods Group Inc.'s ( KRFT ) third-quarter net grew 7.3% as the foods company recorded gains tied to post-
employment benefit plans, offsetting falling revenue due to weaker demand for beverages as well as its meals and
Lincoln National Corp.'s ( LNC ) third-quarter profit fell 21% as $43 million in realized losses hurt the bottom line,
which would have risen on an adjusted basis as operating revenue grew.
Marriott International Inc.'s ( MAR ) third-quarter profit rose 12% as the company posted growth in revenue per
available room and higher world-wide occupancy rates.
MetLife Inc. ( MET ) swung to a third-quarter profit, aided by a favorable comparison to the year-ago period that
included an impairment charge.
Molina Healthcare Inc.'s ( MOH ) third-quarter profit more than doubled as the health-care company reported a jump in
enrollment and higher medical margins.
Murphy Oil Corp.'s ( MUR ) third-quarter earnings grew 26% as the company reported a sharp jump in oil production, as
well as higher prices for oil and North America gas.
Pilgrim's Pride Corp.'s ( PPC ) third-quarter profit nearly quadrupled thanks in large part to a reduction in costs that
aided a surge in margins.
Starbucks Corp.'s ( SBUX ) fiscal fourth-quarter earnings rose 34% as the coffee company recorded a double-digit
increase in sales. The company also boosted its dividend by 24%.
SunPower Corp. ( SPWR ) swung to a third-quarter profit as the solar panel maker reported higher revenue in many markets
abroad while also recording a $52 million gain tied to a contract that was terminated.
Williams Cos.' ( WMB ) third-quarter earnings fell 7.1% and affiliate Williams Partners LP's ( WPZ ) third-quarter
earnings dropped 3.8% on lower olefin margins that resulted from lost production at Williams Partners' Geismar olefins
Write to John Kell at email@example.com
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