10-23-13 6:07 PM EDT | Email Article
 

By Wallace Witkowski, MarketWatch

 

SAN FRANCISCO (MarketWatch) -- Shares of Symantec Corp. dropped in the extended session Wednesday after the security-software company issued a weak outlook, while Angie's List Inc. shares fell after the recommendations service disappointed on quarterly results and outlook.

 

Symantec (SYMC) shares fell nearly 13% to $21.53 on heavy volume after the company adjusted earnings of 41 cents to 43 cents a share on revenue of $1.63 billion to $1.67 billion for the current quarter, when Wall Street was expecting 51 cents a share on revenue of $1.79 billion.

 

Angie's List (ANGI) shares declined 5.5% to $14.60 on heavy volume after the company's third-quarter results fell below Wall Street expectations and issued a disappointing revenue forecast for the fourth quarter.

 

Read Therese Poletti: Angie's List still spends too much.

 

AT&T Inc. (T) shares were flat at $35.28 on moderate volume after the telecom giant reported a for the third quarter, topping consensus estimates by a penny.

 

Citrix Systems Inc. (CTXS) shares rose 5.2% to $59 on moderate volume after the company's third-quarter earnings report and announcement of a share buyback program.

 

Varian Medical Systems Inc. (VAR) shares fell more than 7% to $72.75 on light volume on weak quarterly earnings and outlook.

 

Akamai Technologies Inc. (AKAM) shares fell 6.5% to $48.50 in heavy volume -- following a near 8% rise initially after hours -- as the Internet content-delivery technology company's fourth-quarter forecast disappointed.

 

Shares of Fusion-io Inc. (FIO) fell more than 12% to $11.35 on heavy volume after the data-storage company swung to a fiscal first-quarter loss and announced its chief financial officer would be leaving.

 

Cheesecake Factory Inc. (CAKE) shares advanced 5% to $45 on moderate volume after the restaurant chain reported third-quarter revenue that exceeded expectations and posted a modest same-store sales growth.

 

E-Trade Financial Corp. (ETFCD) shares declined more than 3% to $16.76 on moderate volume after the online trading platform missed on the revenue consensus for the third quarter.

-Wallace Witkowski; 415-439-6400; AskNewswires@dowjones.com

 

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(END) Dow Jones Newswires

10-23-13 1807ET

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