Among the companies whose shares are expected to actively trade
in Tuesday's session are Urban Outfitters (URBN), Sensata
Technologies Holding N.V. (ST) and Cosi Inc. (COSI).
Urban Outfitters said the fourth-quarter same-store sales in its
retail segment are tracking up in the mid single-digit percent. The
Philadelphia-based retailer provided the fourth-quarter update in a
regulatory filing with the Securities and Exchange Commission.
Shares of Urban Outfitters rose 9.6% to $29 in recent after-hours
trading as the percent growth was above what analysts were
projecting.
Sensata Technologies cut its fourth-quarter adjusted earnings
and revenue predictions, primarily due to the impact of the
flooding in Thailand on the company's sensors business, lower
production levels and a reduction in inventories throughout the
automotive supply chain. Shares slipped 2.1% to $29.60 in recent
after-hours trading as the company noted the floods haven't had a
material impact on its supply chain, but it has negatively affected
production schedules for certain automotive original equipment
manufacturers.
Cosi named Brinker International Inc. (EAT) executive Carin L.
Stutz as the casual dining chain's new chief executive and
president, effective Jan. 1, concluding the company's search for a
permanent CEO. Shares jumped 23% to 80 cents in light after-hours
trading as the company said Stutz, who has worked at a number of
restaurant companies, will also join the board of directors.
FuelCell Energy Inc.'s (FCEL) fiscal fourth-quarter loss
narrowed as margins and backlog swelled, driven by new orders of
its large-scale power plant units. Shares still fell 5.5% to $1.03
after hours, despite stronger-than-expected results.
Cypress Semiconductor Corp. (CY) said rival Avago Technologies
Inc. (AVGO) has ended a patent-infringement lawsuit against it.
Cypress's shares rose 6.3% to $18.46 after hours as the company
said it didn't pay damages or admit to any infringement in the
case. Avago shares closed at $29.46 and were inactive after
hours.
Neoprobe Corp. (NEOP) said it has gained exclusive worldwide
licensing rights for a radioimaging material from AstraZeneca PLC
(AZN, AZN.LN) that might help better diagnose Alzheimer's disease.
Shares rose 2.9% to $2.51 after hours Monday.
Watch List:
Booz Allen Hamilton Corp. (BAH) said its board has approved a
$30 million share-repurchase program, to be funded with cash on
hand, as the consulting company looks to boost shareholder
value.
Johnson & Johnson (JNJ) said Monday it will release new
batches of cancer drug oxil, which has been in short supply this
year due to problems at a contract manufacturer.
MarkWest Energy Partners LP (MWE) unveiled a public offering of
its units to fund a proposed acquisition, while Pioneer Natural
Resources Co. (PXD) and Pioneer Southwest Energy Partners LP (PSE)
said they will both offer units to raise money for general
corporate purposes.
Medtronic Inc. (MDT) has agreed to pay $23.5 million to resolve
allegations that it paid illegal kickbacks to physicians who
participated in its post-market studies and device registries to
induce doctors to implant the company's pacemakers and
defibrillators, the Department of Justice said Monday.
Standard & Poor's Ratings Services put MEMC Electronic
Materials Inc.'s (WFR) junk-grade credit status on watch for
possible downgrade, citing a litany of risks from the company's
exposure to the oversupplied solar-energy sector.
Spartech Corp.'s (SEH) fiscal fourth-quarter loss narrowed as
the packaging company again increased selling prices to pass
through higher raw material costs and offered a greater mix of
higher-priced products, though margins continued to fall.
Warner Chilcott PLC (WCRX) said a federal appeals court vacated
a lower court's ruling that had prevented Mylan Inc. (MYL) from
releasing a generic version of its Doryx acne drug until pending
patent litigation was decided.
-Edited by Ian Thomson and Corrie Driebusch; write to
ian.thomson@dowjones.com and corrie.driebusch@dowjones.com