U.S. Hot Stocks Futures: Hot Stocks to Watch

Among the companies with shares expected to actively trade in Tuesday's session are Netflix Inc. (NFLX), Symmetricom Inc. (SYMM), Oxygen Biotherapeutics Inc. (OXBT) and VMware Inc. (VMW).

Netflix's third-quarter profit more than quadrupled as the movie-subscription company added more Internet subscribers globally. Shares jumped 11% to $394.83 in after-hours trading, as sales for the quarter exceeded expectations and Netflix issued a rosy outlook for the current quarter.

Microsemi Corp. (MSCC) agreed to pay almost $298 million to acquire Symmetricom, a deal that will expand the power-management supplier's exposure into the aerospace and defense industries while also immediately adding to earnings. Shares in Symmetricom soared 50% to $7.15 in after-hours trading.

Oxygen Biotherapeutics said it agreed to buy about $4.8 million in assets from Phyxius Pharma that treat cardiac surgery patients. Shares of Oxygen Biotherapeutics were up 68% to $2.35 in after-hours trading.

VMware's third-quarter profit rose 66% as the virtualization-software maker posted strong growth in revenue and wider margins. Shares of VMware were up 11% to $91.88 in after-hours trading as the company's earnings beat expectations.

Texas Instruments Inc.'s (TXN) third-quarter profit fell 20% as the chip maker's sales dipped slightly and it recorded a larger provision for income taxes compared with the year-ago period. In after-hours trading, the company's stock fell 3.2% to $39.70 as TI's current-quarter outlook missed analyst expectations.

E-Commerce China Dangdang Inc. (DANG) on Monday cut its estimate for third-quarter revenue as the Chinese online retailer said it cut sales of some lower-margin products. Shares dropped 11% to $10.33 after hours.

Shares of Illumina Inc. (ILMN) jumped after the gene-sequencing company reported better-than-expected third-quarter results and issued a rosier outlook for the current year. The stock climbed 6.4% to $87.01 in after-hours trading.

 
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Moody's Investors Service lowered its ratings on Darden Restaurants Inc. (DRI) closer to junk territory, citing the restaurant operator's weaker-than-expected earnings performance due to declines at Olive Garden and Red Lobster.

Discover Financial Services' (DFS) third-quarter earnings fell 6.9% as the company set aside more money to cover potential loan losses, though the company's credit-card business continued to see growth in loans and a drop in deliquencies.

J.C. Penney Co. (JCP) and Martha Stewart Living Omnimedia Inc. (MSO) have agreed to tighten the terms of their merchandising agreement, which has been the focus of a court fight with Macy's Inc. (M).

PDL BioPharma Inc. (PDLI) said it had acquired the royalty rights and milestones payable on sales of DepoMed's (DEPO) type 2 diabetes products for $240.5 million in cash.

Rent-A-Center Inc.'s (RCII) third-quarter earnings fell 31% despite modest overall revenue growth, though falling electronics products prices and increased promotional activity contributed to a same-store sales decline in its core U.S. business segment of 5.1%.

Discount retailer TJX Cos. (TJX) issued a rosier fiscal third-quarter outlook and raised the company's full-year earnings outlook. The parent of T.J. Maxx, HomeGoods and Marshalls bullish outlook commentary was disclosed a day before the retailer is hosting an investor event.

Write to John Kell at [e-mail]

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