Borland Software ( BORL) shares moved higher in late trading Wednesday after the company put its second-quarter revenue above expectations. The company expects to report revenue of $73 million to $75 million. Analysts polled by Thomson First Call predict revenue of $69.8 million. Borland forecast a loss in line with the previous quarter, when it recorded a loss of 12 cents a share.

Borland also said that Kenneth R. Hahn has resigned as chief financial officer to pursue another opportunity. The company named Michael Sullivan principal accounting manager to oversee financial management as it searches for a permanent financial chief. Sullivan was the chief financial officer of Segue Software, which Borland recently acquired. Shares rose 31 cents, or 6%, to $5.40 in after-hours trading.

Shares of NetScout ( NTCT) dropped after the maker of network performance management products lowered its fiscal first-quarter estimates. The company expects to post earnings of 3 cents to 4 cents a share and revenue of $23 million to $24 million for the June quarter. Previously, NetScout projected EPS of 5 cents to 6 cents, with revenue of $25.5 million to $26.5 million. "Our preliminary analysis shows that we experienced longer than expected sales cycles on some business in addition to lower-than-expected results from our European operations," the company said. In after-hours trading, shares tumbled $1.64, or 19%, to $7.

Several retailers reported their June sales results after the bell Wednesday. Men's Wearhouse ( MW) said its U.S. same-store sales in June increased 3.7%. The men's clothing seller said total sales rose 9.2% to $189.3 million. Shares gained 79 cents, or 2.5%, $32 after hours.

Zumiez ( ZUMZ) said total sales for June climbed 38% to $21.2 million from $15.3 million a year ago. The company's same-store sales increased 12.4%. Shares of the specialty retailer fell $1.74, or 4.6%, to $36.20 in late trading.

Shares of Hot Topic ( HOTT) climbed after the teen-apparel seller posted an 8% rise in June sales to $61.4 million. Same-store sales, however, dropped 3.4%. The company's shares rose 73 cents, or 6.5%, to $11.90 after hours.

Citi Trends' ( CTRN) June same-store sales rose 4.3%. The urban-apparel seller said total sales jumped 26% to $28.5 million from $22.7 million. Shares fell $3.77, or 8.9%, to $38.61 after hours.