U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH

Among the companies with shares expected to actively trade in Friday's session are Ulta Salon Cosmetics & Fragrance Inc. (ULTA), Bank of America Corp. (BAC) and Great Lakes Dredge & Dock Corp. (GLDD).

Ulta Salon's fiscal fourth-quarter net rose 39% as the beauty-products retailer continued to record strong sales gains from its new and existing stores. But shares fell 14% after hours to $75.85 as the company's first-quarter forecast fell short of Wall Street expectations.

A number of big U.S. banks Thursday unveiled plans for dividends and stock buybacks following the latest round of the Federal Reserve's stress tests. In all, 14 of the 18 largest U.S. banks received unconditional approval from the Fed for their plans to distribute capital to shareholders as part of the second step in the central bank's annual stress test of the biggest banks. Among the largest U.S. banks, Bank of America said its board approved the repurchase of $5 billion of its shares and the redemption of about $5.5 billion in preferred stock. Bank of America's shares were up 3.1% to $12.48 after hours. Two companies, Ally Financial Inc. and BB&T Corp. (BBT) had their plans rejected. BB&T's shares slid 3% to $30.77.

Great Lakes has restated its second-quarter and third-quarter results after the company found instances in its demolition segment where revenue was incorrectly recognized for those periods. Shares, which had been halted ahead of the news, tumbled 31%, to $6.20 after hours, as Great Lakes also reported fourth-quarter earnings that sharply missed analyst expectations.

Aeropostale Inc. (ARO) forecast a surprise loss for the current quarter as it reported a fiscal fourth-quarter loss amid higher impairment charges and weaker sales during its critical holiday selling season. The youth-focused apparel retailer's shares slid 4.9% to $13.80 after hours.

CenterPoint Energy Inc. (CNP), OGE Energy Corp. (OGE) and ArcLight Capital Partners LLC are combining their pipeline and related assets into a partnership, a move that would give them a fresh source of capital as they seek to take advantage of booming demand for shipping oil and natural gas. CenterPoint shares jumped 4.1% to $22.73 after hours.

Krispy Kreme Doughnuts Inc.'s (KKD) fiscal fourth-quarter profit fell 97% from a year ago, when the doughnut chain posted a substantial gain related to income taxes. Revenue and same-store sales showed continued improvement in the results released Thursday. However, shares fell 5.4% after hours to $14.14 after hours, after the company missed adjusted earnings expectations.

STEC Inc.'s (STEC) fourth-quarter loss widened as the data-storage maker continued to post sinking revenue during a transition in its business focus. Shares fell 11% after hours to $4.90 as STEC also issued pessimistic guidance for the current quarter, and its largest shareholder renewed criticism of the company.

 
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Angie's List Inc. (ANGI) said Robert R. Millard will step down as finance chief at the end of the quarter.

Callon Petroleum Co. (CPE) swung to a fourth-quarter loss as the energy company was hurt in part by lower selling prices of crude oil and natural gas.

Fannie Mae (FNMA) said it will miss a deadline to file its financial results for the past year, citing an accounting delay related to its deferred tax assets.

Kennedy-Wilson Holdings Inc. (KW) said its offering of 9 million shares priced at a 0.6% discount to its Thursday closing price, while Delek US Holdings Inc. (DK) said a stockholder's increased offering of 9 million shares priced at a 1.5% discount.

Live Nation Entertainment Inc. (LYV) has named Liberty Media Corp. (LMCA, LMCB) Chief Executive Greg Maffei its new non-executive chairman, a move that comes after Irving Azoff resigned as chairman of the concert promotion giant in December.

Moody's Investors Service downgraded its investment-grade rating on Medtronic Inc. (MDT) by one notch, saying it is likely the medical-device company's credit metrics will weaken further as it adds debt to help fund shareholder initiatives and U.S. acquisitions.

Molycorp Inc. (MCP) swung to a steep fourth-quarter loss as the mining company recorded $264.3 million in total impairment charges tied to wild swings in rare earths prices and a recent acquisition. Results for Molycorp, which manufactures and sells rare-earth products used in high-tech gadgets, missed Wall Street expectations.

Team Inc. (TISI) cut its full-year earnings outlook, as the industrial-services company cited lower-than-expected revenue from its Canadian and European units and expectations for a weak third and fourth quarter.

Generic-drug maker Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) will pay $2.25 million to settle allegations its plant in Missouri broke environmental laws over a period of years, including by releasing pollutants that discolored part of a nearby river, the U.S. Justice Department said.

Zumiez Inc.'s (ZUMZ) fiscal fourth-quarter earnings rose 22% as the teen apparel retailer's continued sales growth overall overshadowed weakness in same-store sales and margins.

-Write to Nathalie Tadena at [e-mail]

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