As a result, it sees earnings per share growth of 10% in the first half of 2012, and 25% in the second half.

Starbucks reported fiscal first-quarter earnings of $382.1 million, or 50 cents a share, on revenue of $3.44 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of 49 cents a share in the December-ended period on revenue of $3.29 billion.

The stock was last quoted at $47.31, down 2%, on volume of more than 1 million, according Nasdaq.com.

Transocean

Transocean ( RIG) was a big winner in the after-hours session as well after a federal judge ruled on Thursday that the company is shielded from paying out certain claims against it stemming from the massive oil spill in the Gulf of Mexico in April 2010 because of its contract with BP plc ( BP).

According to the Associated Press, the judge found that Transocean, the rig operator, shouldn't have to pay damage claims because it was indemnified by its contract with BP, the well owner. But the report added that U.S. District Judge Carl Barbier said Transocean is still not exempt from paying punitive and civil penalties related to the spill.

The stock was last quoted at $51.45, up 9.2%, on volume of more than 400,000, according to Nasdaq.com.

Other stocks active in Thursday's late trades included Juniper Networks ( JNPR), which fell 8% to $20.56 on volume of more than 2 million after the company gave a weak outlook for the first quarter; Cepheid ( CPHD), which jumped 21% to $41.50 on volume of less than 200,000 after the company forecast non-GAAP earnings of 55 to 60 cents a share for fiscal 2012, well ahead of Wall Street's consensus view for a profit of 39 cents a share; and KLA-Tencor ( KLAC), which advanced nearly 4% to $52.14 on volume of 200,000 after the company delivered an upside surprise of 9% with its fiscal second-quarter non-GAAP earnings of $122 million, or 72 cents a share.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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