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


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


(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


(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.

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-- Written by Andrea Tse in New York.

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