Men's Wearhouse, Orexigen: After-Hours Trades

NEW YORK (TheStreet) -- Shares of Men's Wearhouse(MW) fell on heavy volume in extended trading on Tuesday after the Houston-based men's apparel retailer forecast a much wider than expected loss for the current quarter, citing increased costs from bonus payments and medical expenses.

The company's third-quarter adjusted profit of 57 cents a share on total company sales of $550.1 million was well ahead of Wall Street's consensus estimate for earnings of 48 cents a share on sales of $521.4 million, but Men's Wearhouse said it sees an adjusted loss of 19 to 22 cents a share for the three months ending in January. The current average estimate of analysts polled by Thomson Reuters is for a loss of 5 cents a share in the January period.

"SG&A costs in this year's fourth quarter will also include notable increases compared to the prior year's fourth quarter for both employee bonuses related to higher than planned full year financial performance and increased medical benefit costs due to a higher level of submitted claims," the company said in its press release. "We estimate these higher costs will increase this year's fourth quarter loss in a magnitude of the equivalent of 10 cents per share."

The stock was last quoted at $26.10, down 9.2%, on volume of nearly 210,000, according to Nasdaq.com. Based on a regular session close at $28.74, the shares were up 36% so far in 2010. Earlier on Tuesday, the stock set a new 52-week high of $29.62 and volume ahead of the quarterly report was strong with 1.5 million shares changing hands, roughly double the issue's trailing three-month daily average volume.

Netflix

Shares of Netflix(NFLX) slumped 3.1% to $184.02, according to Nasdaq.com with nearly 550,000 shares changing hands, after the company said CFO Brian McCarthy is leaving.

McCarthy's departure is effective Dec. 10, making for a rather abrupt transition for replacement David Wells, who most recently served as vice president of financial planning and analysis at the Los Gatos, Calif.-based provider of online movie subscription services.

Based on a regular session close at $189.81, the shares had already appreciated an eye-popping 250% in 2010. At that level, the stock had pulled back more than 9% since reaching its 52-week high of $209.24 on Dec. 1.