On the Watch: JBL DRDN COMS

The company said its sales rose 3 percent, while selling, general and administrative costs declined, as did research expenses.

Meanwhile, after Tuesday's closing bell, casual dining chain operator Darden Restaurants Inc. said it swung to a profit in its fiscal fourth quarter. Strong sales at the Olive Garden and Longhorn Steakhouse helped results.

Elsewhere, 3Com Corp. said it posted a bigger fiscal fourth-quarter loss after the network equipment maker took a goodwill impairment charge.

However, revenue rose 3 percent and topped Wall Street expectations.