NEW YORK ( TheStreet) -- Marathon Oil ( MRO) said Thursday it is moving forward with plans to spin off its downstream business, creating two independent energy companies.

Shares of Marathon Oil were surging by 12.3% to $45.51 in premarket trading Thursday.


Infosys ( INFY), India's second-largest exporter of software, said earnings in the third quarter rose, but the result came in weaker than expected because of a strong rupee.

Shares of the company tumbled by 6.1% to $72 in premarket trading Thursday.


American International Group ( AIG) Wednesday moved a step closer to completing its massive recapitalization at the end of this week.

Shares of AIG rose 0.6% to $58.72 in premarket trading.


Williams-Sonoma ( WSM) raised its fourth-quarter earnings and sales guidance following strong sales over the holiday period.

Williams-Sonoma shares rose 1.2% to $ 34.60 in premarket trading.


DragonWave ( DRWI) swung to a loss in its latest quarter.

No premarket quotes were available for DragonWave. The stock finished Wednesday's trading session at $8.66, down 2.3%.


EXFO ( EXFO) topped its own expectations for its fiscal first quarter.

No premarket quotes were available for EXFO. Shares of the company ended Wednesday at $7.57, up 5.3%.


American Capital Agency ( AGNC) said it expects earnings to exceed $1.20 a share for the fourth quarter; the average estimate of analysts polled by Thomson Reuters is for a profit of $1.29 a share in the December period.

Shares of the company fell 2.7% to $28.87 in premarket trading.


Portugal's successful bond sale and dividend buzz generated by a Wells Fargo analyst report and comments from JPMorgan Chase ( JPM) CEO Jamie Dimon about the bank's plans to eventually lift its payout gave sentiment about the financial sector a boost.

JPMorgan edged up 0.6% to $44.96, while Citigroup ( C) was higher by 0.4% to $5.10.

>>Search for Highest Dividends by Rate or Yield
More on Earnings
Today's Top Earnings
Earnings Calendar

-- 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.

RELATED STORIES:





Copyright 2010 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

Infosys Investors Taste Disappointment for Breakfast With 7% Drop Brewing: Chart

Infosys Is Tanking Because Its Ex-CEO's Transformation Efforts Are Now in Limbo

This Is Why Tech Stocks Are Heading Into the Weekend With a Nasty Hangover

Why Did Infosys CEO Vishal Sikka Resign?