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Market Preview: Waiting on a Winner

The late roster includes Activision Blizzard (ATVI), CafePress (PRSS), CBS Corp. (CBS), Chiquita Brands International (CQB), Luby's (LUB), MAKO Surgical (MAKO), Monster Worldwide (MNST), Prudential Financial (PRU), Qualcomm (QCOM), and Rosetta Stone (RST).

Wednesday's economic calendar is light with just weekly crude inventories data at 10:30 a.m. ET; and consumer credit for September at 3 p.m. ET.

And finally, Plexus (PLXS - Get Report) was the big loser in after-hours action after the company announced it's no longer a supplier for Juniper Networks (JNPR - Get Report).

Neenah, Wis.-based Plexus, which provides electronic manufacturing services, said it learned of Juniper's decision on Monday and that while it's unclear on the exact timing of the transition, it expects it will occur by the end of its current fiscal year.

"This is very surprising news to us given our recent communications and activities with Juniper, including the recent award of Juniper programs and our collaboration with Juniper on activities to support their competitiveness," said Dean Foate, the CEO and president of Plexus, in a statement. "Plexus has been an important strategic supplier to Juniper for more than a decade. While this is a significant event for us in the near term, our new business wins of $956 million during fiscal 2012, including in the networking/communications sector, provides us continued optimism in our strategy."

The stock was last quoted at $21.35, down 23%, on volume of more than 115,000, according to

Another company seeing active trading in Tuesday's extended session was News Corp. (NWSA - Get Report), whose shares were up nearly 3% following the media giant's quarterly report.

News Corp. posted fiscal first-quarter earnings of $2.23 billion, or 94 cents a share, on revenue of $8.14 billion, up from a year-ago equivalent profit of $738 million, or 28 cents a share, on revenue of $7.96 billion.

Excluding items, News Corp. reported adjusted earnings of 43 cents a share, beating Wall Street's consensus view of 37 cents.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.
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JNPR $29.40 -1.34%
NWSA $13.96 -0.64%
PLXS $40.17 -1.40%
WFM $34.24 0.26%
AAPL $112.12 2.39%


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