Shares of Ruby Tuesday ( RI) climbed in late trading Wednesday after the restaurant operator beat Wall Street's third-quarter earnings expectations and raised its fourth-quarter forecast. For the quarter ended Feb. 28, Ruby Tuesday reported income of $30.2 million, or 50 cents a share, up from $27.5 million, or 42 cents a share, a year earlier. Revenue increased to $338.6 million from $289.2 million. Analysts polled by Thomson First Call had forecast earnings of 46 cents a share and revenue of $334.2 million. Same-restaurant sales at company-owned Ruby Tuesday restaurants increased 4.7%, while same-restaurant sales at domestic franchise restaurants rose 5.4% during the third quarter. Looking ahead, Ruby Tuesday increased projection for fourth-quarter earnings-per-share growth to a range of 25% to 30% from 20% to 22.5%. Shares rose $2.10, or 6.9%, to $32.62 in after-hours trading. Resources Connection ( RECN) shares fell after the staffing-services company missed Wall Street's third-quarter EPS expectation by a penny. The company posted earnings of $13.8 million, or 27 cents a share, compared with a profit of $13.2 million, or 26 cents a share, a year ago. Revenue for the quarter ended Feb. 28 increased 19% to $160.3 million. Analysts were looking for earnings of 28 cents a share and sales of $158.5 million. Shares shed $1.95, or 7.3%, to $24.95 in after-hours trading. Sirius Satellite Radio ( SIRI) shares slipped after the New York-based company disclosed that its controller and principal accounting officer has resigned. The satellite-radio concern said in an SEC filing that Edward Weber has been named senior vice president and chief financial officer of Major League Baseball Advanced Media. The company said David Frear, Sirius' executive vice president and chief financial officer, will serve as accounting officer on an interim basis. Shares dipped 6 cents, or 1.2%, to $4.93 in after-hours trading. Shares of Dean Foods ( DF) moved higher after Standard & Poor's said it plans to add the food company to the S&P 500 index. Dean Foods will replace Maytag ( MYG), which is being acquired by Whirlpool ( WHR). Dean Foods shares rose $1.49, or 3.9%, to $40.24 after hours.
Encore Acquisition ( EAC) fell after the natural gas and oil company said it will sell 4 million shares of its common stock for gross proceeds of about $131.1 million. The company said it intends to use the proceeds to repay debt under its revolving credit facility and for general purposes. Shares slipped 68 cents, or 2.1%, to $32.10 in after-hours trading. Shares of Alloy ( ALOY) gained after the media and marketing services company reported a smaller fourth-quarter loss. The company posted a loss of $23.8 million, or $2.01 a share, narrowed from $73.8 million, or $6.88 a share, a year ago. Excluding special charges, operating income would have been $2 million, compared with an operating loss of $2.9 million a year ago. Revenue increased 3.3% to $43.2 million. Alloy attributed the improvement to stronger sales in its higher-margin media segment and continued cost savings. Shares were trading at $14.20 after hours, up 36 cents, or 2.6%.