Among the companies with shares expected to actively trade in Thursday's session are Avon Products Inc. (AVP), Orbitz Worldwide Inc. (OWW) and Time Warner Cable Inc. (TWC).

Angie's List Inc. (ANGI) said its fourth-quarter earnings rose 15% as the online review site benefited from growing membership and continued to add to its roster of service providers--a main source of revenue. But shares dropped 20% to $13.74 premarket as earnings fell short of views and the company issued a weak revenue outlook for the current quarter.

Avon Products is in advanced talks with federal authorities to settle a long-running bribery probe that has dogged the beauty products company for years and could cost tens of millions of dollars to resolve, people familiar with the matter said. Shares edged up 2.9% to $15.50 premarket as the company's adjusted fourth-quarter earnings also topped views.

Biodel Inc. (BIOD) said Wednesday that it plans to rapidly advance its insulin formulation BIOD-531 to a Phase 2 study in diabetic patients, after seeing positive Phase 1 clinical trial results. Shares rose 12% to $3.40 premarket.

Burger King Worldwide Inc. (BKW) said its fourth-quarter earnings rose 37% as its refranchising effort lowered costs and same-store sales improved. The fast food chain said it has refranchised a net 360 of its restaurants in 2013. Adjusted earnings just topped consensus views, sending shares up 3.8% to $26.45 premarket.

CBS Corp. (CBS) reported a 20% increase in fourth-quarter profit, thanks to higher content licensing and distribution revenue, and projected it would quadruple revenue from cable and satellite fees over the next six years. Shares rose 4% to $64.31 premarket.

Cisco Systems Inc. (CSCO) reported a 55% drop in second-quarter net income owing to problems with memory chips used in some of its hardware, while the company indicated its growth slowdown may be easing somewhat. Shares dropped 3.4% to $22.08 premarket.

The U.S. Food and Drug Administration failed to approve Durect Corp.'s (DRRX) investigational postoperative pain relief treatment, according to the specialty pharmaceutical company on Wednesday. Shares dropped 29% to $1.38 premarket.

Oil-and-gas technology provider ION Geophysical Corp. (IO) reported a surprise jump in fourth-quarter revenue and profit after challenges earlier in 2013. The results easily topped Wall Street's expectations, a reversal from earlier in 2013 when most of ION's top and bottom line disappointed investors. Shares surged 27% to $4 premarket.

Itron Inc. (ITRI) shares slid Wednesday after the handheld systems provider issued a 2014 outlook that disappointed investors, as well as reporting it swung to a fourth-quarter loss due to a steep impairment charge. Shares dropped 22% to $30.50 premarket.

LeapFrog Enterprises Inc.'s (LF) shares slid after the interactive toy maker issued 2014 outlook targets that disappointed investors, blaming a challenging retail climate early in the year. Shares dropped 11% to $6.30 premarket.

Medicines Co. (MDCO) said a U.S. Food and Drug Administration advisory panel voted against recommending approval of the company's drug application for its experimental anti-blood-clotting drug. Shares dropped 13% to $28.70 premarket.

Mondelez International Inc. (MDLZ) said its fourth-quarter earnings more than doubled as the food maker posted a gain from the resolution of its arbitration with Starbucks Corp. (SBUX). But adjusted results missed consensus estimates as revenue unexpectedly declined, sending shares down 2.9% to $32.25 premarket.

NetApp Inc. (NTAP) said its fiscal third-quarter earnings rose 22% as lower revenue costs and operating expenses helped offset a slight decline in the data-storage company's revenue. Share dropped 4.5% to $40.69 premarket.

Nvidia Corp.'s (NVDA) fiscal fourth-quarter profit fell 16% as the chipmaker recorded higher operating costs, masking a rise in revenue. The Santa Clara, Calif. company said that quarterly revenue came in above the company's outlook thanks to PC gaming. Shares edged up 3% to $17.33 premarket.

Orbitz Worldwide swung to a profit in the fourth quarter, with revenue getting a boost from hotel-night growth and bookings. The results topped Wall Street expectations, pushing shares up 14% to $7.89 premarket.

PepsiCo Inc. (PEP) on Thursday posted mixed results for the fourth quarter and unveiled a new savings plan while raising the amount of cash it will return to shareholders this year. Per-share earnings beat Wall Street expectations, but revenue fell short. The company said it intends to increase cash returns to shareholders in 2014 by 35% to $8.7 billion through share repurchases and higher dividends. Shares slipped 1.2% to $80.54 premarket.

SunPower Corp. (SPWR) swung to a fourth-quarter profit as the solar-panel maker slashed operating expenses and reported strong sales in markets abroad. While SunPower issued rosy profit forecasts for the current quarter and all of 2014, the latest top line and 2014 revenue view missed Wall Street's expectations. Shares dropped 4.2% to $30.30 premarket.

Comcast Corp. (CMCSA, CMCSK) agreed to buy Time Warner Cable for about $45.2 billion in stock, in a deal that would combine the nation's two biggest cable operators. Time Warner Cable shares rose 9.3% to $147.82 premarket.

URS Corp. (URS) lowered its outlook for the company's 2013 earnings Wednesday, citing execution issues in its new oil-and-gas division, as well as project delays. Shares dropped 15% to $42 premarket.

Whole Foods Market Inc. (WFM) said its fiscal first-quarter earnings rose 8.2% as the high-end supermarket chain reported an increase in revenue amid rising same-store sales. But Whole Foods lowered its guidance for the current fiscal year. Shares declined 7.1% to $51.55 premarket.

 
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Applied Materials Inc. (AMAT) said its fiscal first-quarter earnings surged on strong double-digit sales growth.

Berkshire Hathaway Inc. (BRKA) is in talks with Graham Holding Co. (GHM) to exchange its stake in the former Washington Post owner for assets.

CenturyLink Inc. (CTL) said fourth-quarter earnings edged up 2.6% as the telecommunications company recorded a lower income tax expense, but revenue fell for the sixth consecutive quarter.

Cheesecake Factory Inc. (CAKE) said its fourth-quarter earnings rose 49% as the company's namesake restaurants posted modest same-store sales growth and lower expenses.

Deere & Co. (DE), the world's largest seller of farm machinery, said it expects U.S. tax breaks that helped propel sales of farm equipment in recent years to be reinstated later this year.

Diamond Offshore Drilling Inc. (DO) named a Halliburton Co. (HAL) executive to lead the contract driller as its next president and chief executive, effective early next month.

ICU Medical Inc. (ICUI) named Vivek Jain as chairman and chief executive, concluding a transition process that began when the medical-products maker's founder, George Lopez, announced his decision to retire last fall.

MetLife Inc. (MET) said fourth-quarter net income soared as the life insurer recorded far fewer derivative losses and improved operating results across all key regions. Results for the period exceeded Wall Street's expectations.

Netease Inc. (NTES, K3MD.SG) said its fourth-quarter profit rose 23% as the company reported strong revenue growth from its advertising segment and continued revenue gains in its online games business.

Zions Bancorp. (ZION) said Wednesday it sold a portion of certain debt investments that were affected by the Volcker rule.

Write to John Kell at john.kell@wsj.com and Lauren Pollock at lauren.pollock@wsj.com

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