PetSmart, Inc Wednesday reported a rise in fourth-quarter profit as revenues grew in the high single digits, driven by stores open for over a year. Earnings and revenues for the quarter came in ahead of Street estimates. For 2012, the company expects growth trajectory, with guidance in a range stronger than what the Street currently estimates. However, the comparable-store sales-growth estimate is anticipated to come in below 5 percent for 2012.

Blackstone Group LP BX Chairman and Chief Executive Stephen Schwarzman pocketed $213.5 million last year. The amount was higher than the $94 million KKR & Co. KKR cofounders Henry Kravis and George Roberts each received in compensation and their slice in the company's earnings for 2011. The sum Carlyle Group's executives made last year also paled in comparison.

Finisar Corp.'s FNSR fiscal third-quarter earnings fell 53% as lower demand pushed down the telecommunications equipment provider's sales, prompting a cautious current-quarter outlook. Shares fell 9.2% to $18.42 after-hours Wednesday as the company forecast adjusted fiscal fourth-quarter earnings between 18 cents and 22 cents a share on revenue of $235 million to $250 million.