Tuesday's Late Winners & Losers

Stocks mostly headed south after the close Tuesday, but Home Depot (HD Quote) was among the most-heavily-traded names, jumping 6.5% to $40.75.

The home-improvement retailer said it will add another $22.5 billion to its share-repurchase program, as well as sell its wholesale distribution division, HD Supply, for $10.3 billion to a group of private equity firms -- Bain Capital Partners, the Carlyle Group and Clayton Dubilier & Rice. The deal should close in the fiscal third quarter.

IHS (IHS Quote) jumped 7.2% on positive fiscal second-quarter results. The Englewood, Colo., company, which sells technical information and decision-support tools to a number of industries, reported a dime-a-share leap in adjusted earnings to 37 cents a share -- 4 cents past the consensus target, per Thomson Financial. Shares were up $3.22 to $47.80.

Filtration-products maker Clarcor (CLC Quote) also topped Wall Street views with a fiscal second-quarter profit of $20.9 million, or 41 cents a share, compared with 32 cents last year. Analysts had called for 37 cents. Shares of the Franklin, Tenn., company were recently adding 4.7% to $35.90.

On the other hand, TurboChef Technologies (OVEN Quote) shed 2.5% on word the Atlanta-based company will need to restate some results due to stock-option backdating. The company said this probably won't affect financials from 2006 or 2007 and emphasized that the investigation into these matters -- which looked into stock-option grants from 1997 through the present -- isn't yet complete. Shares of the kitchen-goods purveyor were off 32 cents to $12.42.

Darden Restaurants (DRI Quote), which operates Red Lobster, Olive Garden and other chain restaurants, was also on the postclose losing side after it issued disappointing results. The Orlando, Fla., company said continuing-operations income totaled $98.5 million, or 67 cents a share. The Street had forecast 70 cents a share. Darden stock was lately down 3.5%, or $1.66, to $45.19.