The companies that are expected to see active trade Friday are: Ann Inc, Blue Coat Systems, H J Heinz, Salesforce.com, Nike, Shanda Games, Gap, Aruba Networks, Marvell Technology and Marvell Technology.
Ann Inc. (NYSE:ANN) is due to report third quarter earnings before markets open Friday. Analysts, polled by Thomson Reuters, expect the company, on average, to report a third quarter net income of $0.57 per share, up from $0.42 per share in the same quarter last year. The company shares surged 5.69 percent to $26.75 in post market trading session Thursday.
Blue Coat Systems Inc. (NASDAQ:BCSI) shares climbed 20.82 percent to $20.43 in post market trading session as its third quarter earnings outlook beat analysts' estimates.
For the third quarter, the company expects adjusted earnings to be in the range of $0.19 to $0.26 per share on revenues of $113 to $120 million while analysts expect the company to earn $0.15 per share on revenues of $108.16 million for the third quarter.
H J Heinz Co. (NYSE:HNZ) is expected to report third earnings per share of $0.80 compared to $0.78 in the same quarter a year-earlier.
Salesforce.com Inc. (NYSE:CRM) shares plunged 6.42 percent to $117.99 in post market trading session. The company swung to third quarter net loss of $3.76 million or $0.03 per share compared to net profit of $21 million or $0.15 per share in the same quarter a year earlier.
Nike Inc. (NYSE:NKE) announced late Thursday that it was hiking its quarterly dividend by 16 percent to $0.36 per share, which is .payable on January 3, 2012 to shareholders of record at the close of business on December 5, 2011.
Shanda Games Ltd. (NASDAQ:GAME) announced late Thursday that it's third quarter earnings by 19 percent on higher sales and margins.
Gap Inc. (NYSE:GPS) reported third quarter net income of $193 million or $0.38 per share, down from $303 million or $0.48 per share in the same quarter last year. The company also announced that its Board of Directors approved a new $500 million share repurchase program, effective immediately.
Aruba Networks Inc. (NASDAQ:ARUN) shares surged 5.55 percent to $23.00 in post market trading session. The company swung to third quarter net loss of $0.5 million or $0.00 per share compared to net income of 2.1 million or $0.02 per share in the same quarter last year.
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares gained 3.2 percent to $14.20 in aftermarket trading session. The company reported third quarter net income of $195.12 million or $0.32 per share compared to $255.73 million or $0.38 per share in the same period last year.
Hibbett Sports Inc. (NASDAQ:HIBB) shares surged 2.69 percent to $44.30 in aftermarket trading session. The company is expected to report third quarter net income of $ 0.51per share before the opening bell Friday.