SAN FRANCISCO (MarketWatch) — H&R Block Inc. shares declined in the extended session Wednesday after the company posted lower-than-expected revenue for the quarter.

H&R Block Inc. HRB, -7.27% shares declined 0.7% to $33.20 on moderate volume after the consumer tax-service company posted a fiscal third-quarter loss of 13 cents a share on revenue of $509.1 million. H&R Block said it prepared 4.2% fewer returns compared with a year ago.

Pharmacyclics Inc. US:PCYC shares rose 2.2% to $235.50 after a report that Johnson & Johnson Inc. JNJ, +1.36% was near a deal to acquire the drug maker.

Tyco International PLC US:TYC shares were unchanged at $42.80 after the company announced a 14% dividend increase.

Shares of General Dynamics Corp. GD, -1.10% rose 0.2% to $136.52 after the defense contractor also announced a dividend hike.

These are the stocks that were making notable moves in Wednesday’s regular session:

Decliners

Abercrombie & Fitch Co. ANF, -0.52% posted better-than-expected fiscal fourth-quarter profits, but sales estimates missed targets at the teen apparel retailer, which also reported that same-store sales were down 10% and total sales were off 14%, just short of FactSet consensus analysts’ estimates.

Alcoa Inc.’s AA, -0.96% stock was lowered to neutral from buy and its price target cut to $17 from $20 at Bank of America Merrill Lynch, 24/7 Wall St. reported.

CarMax Inc.’s KMX, +0.07% stock rating was downgraded to neutral from outperform at Robert W. Baird, according to Analyst Ratings Network.

Bob Evans Farms Inc. US:BOBE reported fiscal adjusted third-quarter earnings rose to 60 cents a share from 31 cents a share a year earlier but fell short of analysts’ estimate of 70 cents a share.

Alibaba Group Holding Ltd. BABA, -1.20% said it plans to purchase a stake in Chinese entertainment company Beijing Enlight Media Co. for $382 million.

TiVo Inc. US:TIVO reported its fourth-quarter earnings surged to $7 million, or 7 cents a share, from $710,000, or a penny a share, in the year-earlier period.

Gainers

Smith & Wesson Holding Corp. US:SWHC late Tuesday reported adjusted fiscal third-quarter earnings of 20 cents a share on revenue of $130.6 million.

SanDisk Corp. US:SNDK will be introducing a box that offers significantly more capacity than current flash-based hardware available at a lower price, according to The Wall Street Journal.

Wayfair Inc. W, +7.70% shares jumped as the online furnishing company reported an increase in fourth-quarter direct-retail sales, as its operating expenses increased due to an uptick in marketing-and-advertising costs.

American Eagle Outfitters Inc. AEO, -1.67% posted better-than-expected fourth-quarter profits and revenues and offered an upbeat outlook for the year at the teen retailer.

Shares of Novogen Ltd. US:NVGN soared after the Australian biotechnology company confirmed that one of its test drugs, TRXE-009, has been successful in trial studies.

Target Corp. TGT, +0.82% will lay off thousands of employees to reduce expenses by $2 billion over the next two years.

Honeywell International Inc. HON, -0.96% reaffirmed its first-quarter and full-year profit outlook and noted that the diversified aerospace and industrial company is aiming to use excess capital to boost its dividend and repurchase shares as it tries to identify assets to buy.

— Mark DeCambre in New York contributed to this report.