But the stock fell more than 6% to $49.25 in the regular session amid the confusion about the leak with volume of 27.6 million more than tripling the issue's usual churn, and NetApp's outlook for the third quarter for non-GAAP earnings of 48 to 50 cents a share on revenue ranging from $1.24 billion to $1.29 billion was light on the top line compared to the current average estimate of analysts polled by
for EPS of 51 cents a share in the January period. The shares were last quoted at $50.52, up 2.6%, on volume of 4.5 million, according to
A loser in late trades was
, which fell around 8% to $5.18 on volume of around 40,000, according to
, after the China-based maker of heat exchange products said it plans to sell 5 million common shares in a secondary offering.
The company said it plans to use the proceeds of the sale, the pricing of which wasn't disclosed, for both general corporate purposes and in potential acquisitions; although it noted no specific acquisition targets had been determined as yet. The deal also includes an overallotment option for the sale of an additional 750,000 shares.
SmartHeat currently has about 32.8 million outstanding shares with its public float sitting at around 22.1 million, so the sale would be a significant boost to those numbers. Year-to-date, the stock has fallen almost 61%, and the levels seen in after-hours trading are already threatening its 52-week low of $5.11 set on July 6.
were early movers higher in late trades after the Columbus, Ohio-based diversified retailer topped Wall Street's expectations with its third-quarter results and unveiled plans to return money to shareholders.
The company, whose concepts include Victoria's Secret, Pink and Bath & Body Works, said its board has approved the buyback of up to $200 million worth of its common stock as well as the payment of a special one-time dividend of $3 per common share. The dividend is to be paid on Dec. 21 to shareholders of record on Dec. 7.
The stock was last quoted at $33.50, up 5.1%, on volume of about 265,000, according to
. Based on a regular session close at $31.87, the shares were already up roughly 62% so far in 2010. The levels seen in extended trading would represent a new 52-week high for the stock, which previously peaked at $32.37 on Nov. 9.
For the third quarter ended Sept. 30, Limited Brands posted earnings $61.3 million, or 18 cents a share, on sales of $1.98 billion. The performance edged the average estimate of analysts polled by
for a profit of 17 cents a share on sales of $1.95 billion in the September period. Same-store sales rose 10% in the quarter.
The company also boosted its outlook for the full year, saying it now expects adjusted earnings of $1.82 to $1.97 a share, up from a prior projection of $1.68 to $1.83 a share. Wall Street's current consensus estimate is for a fiscal 2010 profit of $1.94 a share.