After-market Movers For Oct 16 (IBM, EBAY, SNDK, UFPI, SCSS, TPX, XLNX, USG)

(RTTNews) - Gainers:

SanDisk Corp. (SNDK) improved more than 1 percent to $59.85. The company's third quarter profit surged from the year-ago quarter and its adjusted earnings per share topped Wall Street view. Revenues increased 28 percent and came above market view.

Universal Forest Products Inc. (UFPI) gained 6 percent to $45.09 as its third quarter results topped Wall Street view.

Decliners:

International Business Machines Corp. (IBM) was down 6 percent to $175.65. The company's third quarter profit improved from the year-ago quarter and topped analysts' expectations. Revenues dropped 4.1 percent and missed the consensus estimate. At the same time, the company maintained its view for the full year and remain confident in its ability to achieve at least $20 operating EPS in 2015.

eBay Inc. (EBAY) fell over 4 percent to $51.10. The company's third quarter earnings improved from the last year quarter and its adjusted earnings topped Street view. Net revenue rose 14 percent, but marginally missed the consensus estimate. PayPal revenue increased 19 percent. Meanwhile, the company forecast fourth quarter results below Street view.

Select Comfort Corp. (SCSS) plunged 23 percent to $18.50. The company's third quarter profit declined from the prior year period and missed Wall Street view. Net sales improved from the last year period, but came below the consensus estimate. The company also lowered its full-year 2013 GAAP earnings guidance.

Tempur Sealy International Inc. (TPX) fell 5 percent to $37.59.

Xilinx Inc. (XLNX) declined 4 percent to $44.70. The company's second quarter profit improved 15 percent from the year-ago quarter. Revenues increased 10 percent and came above the consensus estimate. The company expects third quarter sales to be up 2 percent to down 2 percent sequentially.

USG Corp. (USG) decreased 6 percent to $25.40. The company announced agreements to form a strategic joint venture with Boral Limited to create building business, USG Boral Building Products. In order to achieve an interest of 50 percent in the joint venture, USG will pay Boral total cash payments (equalisation payments) of up to $575 million. In conjunction with this announcement, USG released preliminary third quarter results, which were below Street view.

Trading halt:

Trading in shares of TigerLogic Corp. (TIGR) was halted. The company announced a definitive agreement to divest its Multidimensional Database Management Systems business to Rocket Software, Inc. for gross proceeds of approximately $22 million in cash.