NEW YORK (TheStreet) -- Shares of Collective Brands (PSS) were plunging 16.6% to $15.32 in premarket trading Wednesday after the footwear retailer missed Wall Street's profit expectations by a wide margin.

California Pizza Kitchen

( CPKI) was popping 12.5% to $18.80 after

agreeing to sell itself

to private-equity firm Golden Gate Capital for about $470 million,

The Wall Street Journal

reported.

Medical devices company

Boston Scientific

(BSX) - Get Boston Scientific Corporation Report

was rising 3.3% to $6.89 after announcing that it has received approval from the U.S. Food and Drug Administration to market its 2.25 mm Promus Everolimus-Eluting Coronary Stent System for use in vessels as small as 2.25 mm in diameter. The stock has been upgraded to neutral from sell at

Goldman Sachs.

Warehouse retailer

Costco

(COST) - Get Costco Wholesale Corporation Report

said third-quarter earnings rose 6% as net sales

jumped 16% to $20.19 billion.

Costco shares were falling 2.9% to $79.02.

Analog semiconductor company

Avago Technologies

(AVGO) - Get Broadcom Inc. Report

was rising 2.7% to $32.56 after reporting second-quarter profit of 64 cents a share vs. the average analyst estimate of 60 cents a share.

Toll Brothers

(TOL) - Get Toll Brothers, Inc. Report

was rising 2.6% to $20.80 after saying its second-quarter

loss narrowed from a year earlier

as the luxury homebuilder continues to see stability across its products.

Shares of

Applied Materials

(AMAT) - Get Applied Materials, Inc. Report

were falling 2.4% to $13.38 after the chip equipment maker gave a

below-consensus view

for the July quarter, saying it sees a sequential decline of between 3% to 10% in net sales.

TheStreet Recommends

In a small step toward unwinding the government's significant stake in

American International Group

(AIG) - Get American International Group, Inc. Report

, the company and the U.S. Treasury

priced an offering of 300 million of the insurer's common shares

at $29 each, generating $8.7 billion in proceeds. Shares were down 2.4% to $28.74.

Meat company

Hormel Foods

(HRL) - Get Hormel Foods Corporation (HRL) Report

was down 1.7% to $29.50 after reporting second-quarter profit of 40 cents a share, in line with estimates.

The board of

UnitedHealth

(UNH) - Get UnitedHealth Group Incorporated Report

has approved the increase of the health care benefits company's quarterly dividend to 16.125 cents a share from 12.5 cents and renewed the company's share repurchase program, authorizing the purchase of 110 million shares over time. Shares were down 0.5% to $47.72.

Video game developer

Take-Two Interactive

(TTWO) - Get Take-Two Interactive Software, Inc. Report

posted a narrower-than-expected quarterly loss and said it has

extended long-term employment agreements

with key members of its Rockstar Games creative team while also inking a new management deal with ZelnickMedia. Shares were trading sideways at $16.11.

>>Search for Highest Dividends by Rate or Yield

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here:

Andrea Tse

.

>To follow the writer on Twitter, go to

Andrea Tse

.

>To submit a news tip, send an email to:

tips@thestreet.com

.

Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.