Electronic Arts ( ERTS) announced after the bell Wednesday that it settled a class action suit filed on behalf of current and former computer graphic artists seeking overtime compensation. Under the settlement, the video game software publisher will pay $15.6 million to cover all claims by the class members and any fees. EA said any portion of the settlement that isn't claimed will be donated to the Jackie Robinson Foundation. The company's stock rose 15 cents, or 0.3%, to $54.70 in after-hours trading.

Solectron ( SLR) reported net income for the fourth quarter ended Aug. 31 of $10 million, or a penny a share, compared with net income of $2.7 million, or a break-even, a year ago. The provider of electronics manufacturing said revenue for the quarter decreased to $2.4 billion from $3.04 billion last year. Excluding items, Solectron earned $37 million, or 4 cents a share. Analysts polled by Thomson First Call expected a profit of 4 cents a share on sales of $2.5 billion. The company forecast fiscal first-quarter earnings of 2 cents to 4 cents a share, before items, with sales of $2.3 billion to $2.5 billion. The guidance was below analysts' projection for earnings of 5 cents a share and sales of $2.63 billion. The stock dropped 11 cents, or 2.9%, to $3.68 after hours.

Ruby Tuesday ( RI) said it earned $21.6 million, or 34 cents a share, for the first quarter ended Aug. 30, down from net income of $29.1 million, or 44 cents a share, a year ago. The casual-dining chain operator's revenue for the quarter rose to $308.2 million from $267.5 million. However, same-store sales at company restaurants decreased 3.9% for the quarter and same-store sales at franchise restaurants fell 6.4%. Analysts expected a profit of 33 cents a share on revenue of $303.2 million, according to First Call. Based on the effects of the recent hurricanes and oil prices, the company said it expects to earn 27 cents to 28 cents a share on sales growth of 2%. The stock was down 24 cents, or 1.1%, to $21.21 in after-hours trading.

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