Shares of

Krispy Kreme Doughnuts

(KKD)

dropped in late trading Monday after the company said it would be unable to file its report for its fiscal 2007 first quarter on time.

The doughnut maker said it can't file the results because it had "devoted substantial resources" to completing its annual report for fiscal 2005, which was filed in April, and has yet to complete reports for fiscal 2006. In a filing with the

Securities and Exchange Commission

, Krispy Kreme said revenue for the first quarter ended April 30 fell 24% year over year to $116 million. The company said it expects to post a loss for the period, but didn't provide a specific estimate. Shares fell 49 cents, or 5.8%, to $7.90 in after-hours trading.

Shares of

Carreker

( CANI) rose after the Dallas-based payments-software company said it is "exploring various strategic alternatives." Those options include merging with a partner or selling the company, Carreker said. The company hired Bear Stearns as a financial adviser to assist in the process. "We are conducting this process in a deliberate fashion to ensure the realization of benefits to the Company's customers and employees and to best enhance shareholder value," said J.D. Carreker, chairman and CEO, in a statement. The company's shares climbed 19 cents, or 3%, to $6.58 in late trading.

Affiliated Computer Services

( ACS) shares moved higher after the Dallas-based IT outsourcer said its board authorized a share-repurchase program of up to $1 billion of its common stock, effective immediately. At the current stock price, this buyback represents about 18% of ACS' total common shares currently outstanding. The shares rose 26 cents to $47 after hours Monday.

Shares of

Cardinal Health

(CAH) - Get Report

climbed after the health care supplier backed its earnings projections for fiscal 2006 and 2007. The company said it expects earnings for the fiscal year ending June 30 to be in the upper half of a previously provided range of $3.30 to $3.55 a share, excluding special items. The company said it expects stock-based compensation expense to cut about 36 cents a share out of that figure. Analysts polled by Thomson First Call were looking for earnings of $3.11 a share.

Cardinal also said it expects earnings of $3.60 a share for fiscal 2007, excluding special items, but including stock-based compensation. Analysts were looking for a fiscal 2007 profit of $3.66 a share. The company expects fiscal 2007 revenue growth at the high end of its long-term target of 8% to 10%. Analysts are looking for roughly 7.3% top-line growth for fiscal 2007. Shares rose 20 cents to $66.59 recently.

Cephalon

( CEPH) shares slipped after the drugmaker said it signed an agreement with

Takeda Pharmaceuticals North America

to co-promote Provigil tablets in the U.S. Cephalon said Takeda will begin promoting Provigil in the U.S. in July. At that time, the Cephalon and Takeda sales force co-promoting Provigil, which is prescribed to combat excessive sleepiness, will consist of about 900 people. Cephalon shares dropped 94 cents, or 1.7%, to $54.62 in after-hours trading Monday.