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EARNINGSWATCH - Wednesday, July 25

Facebook shares fall on Zynga results, forecast(4:53 pm ET)
SAN FRANCISCO (MarketWatch) -- Shares of Facebook Inc. (FB: news, chart, profile) fell 6% in after-hours trading on Wednesday following a disappointing earnings report by social game maker Zynga (ZNGA: news, chart, profile) . Zynga shares crashed nearly 40% after the company slashed its forecast for the full year, citing "delays in launching new games, a faster decline in existing web games due in part to a more challenging environment on the Facebook web platform, and reduced expectations for 'Draw Something,'" the latter a reference to its popular mobile game. Facebook reports its own second-quarter results Thursday afternoon.

Western Digital's earnings surge to $745 million(4:26 pm ET)
SAN FRANCISCO (MarketWatch) -- Western Digital Corp. (WDC: news, chart, profile) on Wednesday reported a fiscal fourth-quarter profit of $745 million, or $2.87 a share, on revenue of $4.8 billion, compared with earnings of $158 million, or 67 cents a share, on $2.4 billion in sales. Excluding one-time items, the maker of hard-disk drives would have earned $3.35 a share. Analysts surveyed by FactSet Research had forecast Western Digital to earn $2.47 a share on $4.25 billion in revenue. The company also said it shipped 71 million hard-disk drives during the quarter. Western Digital's shares climbed as much as 6.3% in after-hours trading following the release of the results.

Las Vegas Sands profit falls sharply(4:20 pm ET)
CHICAGO (MarketWatch) - Lower table hold and higher expenses dragged down Las Vegas Sands in the second quarter as the gambling firm reported a sharp decline in profit. Sands earned $240.6 million, or 29 cents a share, on the period, down from $367.6 million, or 45 cents a share, in the same quarter of 2011. On an adjusted basis, the company would have earned 44 cents a share, down from 54 cents a share. Revenue rose 10.1% to $2.58 billion. The average estimates of analysts polled by FactSet had been for Sands to earn 60 cents a share on revenue of $2.77 billion. Shares of Sands (LVS: news, chart, profile) were down about 4% in after-hours action, building on a 3% loss in the regular session.

Insurers get pummeled as WellPoint disappoints(10:56 am ET)
LOS ANGELES (MarketWatch) -- Health insurers were pummeled in early trading on Wednesday after managed-care giant WellPoint Inc. (WLP: news, chart, profile) reported disappointing earnings. WellPoint reported net income of $2.04 a share for the second quarter, off 3 cents from consensus estimates, and lowered its 2012 outlook. WellPoint shares were off more than 11% as a result, and one of its competitors in the California market, HealthNet Inc. (HNT: news, chart, profile) fell by more than 10%. Others in the sector were dragged down as a result, with UnitedHealth Group Inc. (UNH: news, chart, profile) and Coventry HealthCare (CVH: news, chart, profile) down more than 5%. Humana Inc. (HUM: news, chart, profile) , Cigna Corp (CI: news, chart, profile) and Aetna Inc. (AET: news, chart, profile) were all off by more than 3%.

Radio Shack down 24% in premarket(8:11 am ET)
NEW YORK (MarketWatch) -- Radio Shack Corp. (RSH: news, chart, profile) shares fell 24% in premarket trades on Wednesday after the Fort Worth, Texas, retailer said it lost 21 cents a share in its second quarter, falling well short of the Wall Street estimate for a profit of 3 cents a share, according to data compiled by FactSet. Radio Shack said its business performed below expectations in the quarter.

http://www.marketwatch.com/news/markets/earningswatch.asp