Updated from 12:42 p.m. ET

Bare Escentuals ( BARE) shares rose 10.1% to $3.16 as the cosmetics company sees business strengthening later in the year. But the company did report a fourth-quarter profit that missed expectations.

Bare Escentuals expects EPS of 12 cents to 15 cents in the first quarter. Analysts polled by Thomson Reuters expect first-quarter earnings of 23 cents per share. Bare Escentuals also said its earnings fell 9 percent in the fourth quarter.

"Many retail partners are currently in the process of managing down inventory on hand," Thomas Weisel Partners analyst Jim Duffy wrote Thursday. He further noted that the company expects sales trends to improve later in the year.

Citi Investment Research analyst Wendy Nicholson wrote Thursday that the company's sales growth in the fourth quarter was "a pleasant surprise" and she likes the company's plans for international growth. She kept a buy rating on the shares.

Image Entertainment ( DISK) shares rose 13.3% to $1.45 after the home-film maker said it would change its deal with acquirer Nyx.

The companies said in November that Nyx agreed to buy Image for $2.75 per share in cash, or about $60.2 million. The total acquisition was valued at about $100 million, including outstanding debt.

Image said that the deal was initially set to close Feb. 26, two days after shareholders approved it. But Image wants Nyx to agree to several conditions, including raising the amount of a business interruption fee in exchange for extending the deal's closing date.

Image said that if the companies can't agree on the changes by the end of the day, it will end the deal and collect a business interruption fee from Nyx.

Shares of Deckers Outdoor ( DECK) dropped 22.1%, or $11.72 to $41.27, after the shoemaker said it expected a lower profit in the first quarter.

The company posted a 14% rise in fourth-quarter profit as revenue rose 56%. It also said it expects first-quarter revenue to increase about 22%, but that EPS will fall about 28% from 86 cents of the year-ago quarter. Analysts were expecting a first-quarter profit of 90 cents per share.

Shares of athenahealth ( ATHN) traded 25.4% lower, down $8.67 to $25.50 despite the company reporting a fourth-quarter profit that surpassed expectations.

Revenue rose revenues rose 47% year over to $41.4 million.
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