Also Limelight Networks ( LLNW - Get Report) fell in late trades after the company filed for a $150 million secondary offering . The stock was last quoted at $6.49, down 4.3%, on volume of more than 105,000, according to Nasdaq.com. -- Written by Michael Baron in New York. >To contact the writer of this article, click here: Michael Baron. >To submit a news tip, send an email to: firstname.lastname@example.org
NEW YORK ( TheStreet) -- Shares of Urban Outfitters ( URBN - Get Report) rose in extended trading late Monday after the Philadelphia-based specialty retailer came in a penny ahead of Wall Street's profit expectations for its third-quarter results. The company posted earnings of $73.1 million, or 43 cents a share, for the three months ended Oct. 31, up from a year-ago profit of $62.4 million, or 36 cents a share. Total sales were a bit short, however, coming in at $573.6 million for the quarter vs. an average estimate of analysts polled by Thomson Reuters of $579.1 million. Same-store sales rose 6% in the period. The stock was last quoted at $34.74, up 6.1%, on volume of more than 550,000, according to Nasdaq.com. Based on a regular session close at $32.74, the shares were down about 6% so far in 2010, but they had bounced a bit since scraping a 52-week low of $29.03 on Oct. 21. Another gainer after the closing bell was Yongye International ( YONG), which rose 8.5% to $8.80 on volume of almost 35,000. The Beijing-based producer and distributor of animal and plant nutrient products in China reported its third-quarter results, more than doubling its adjusted profit for the three months ended Sept. 30 to $18.3 million, or 39 cents a share, from year-ago earnings of $8.8 million, or 27 cents a share. The company, whose sales jumped 145% in the quarter to $71.8 million, added that it expects to be operating cash flow positive in the fourth quarter and forecast adjusted earnings of $1.07 to $1.12 a share on revenue ranging from $200 million to $205 million for the full fiscal year. Yongye shares fell 2.4% to $8.11 ahead of the quarterly report, and year-to-date, the stock was down 2% based on its regular session close. On the downside, PMI Group ( PMI) was weak after the Walnut Creek, Calif.-based mortgage insurance provider filed with the Securities and Exchange Commission for a $1 billion secondary offering. The stock dipped 2% to $3.15 on volume of almost 90,000. PMI said in its S-3 filing that it's seeking to sell an as yet undetermined combination of stock, warrants and debt securities in the offering. The company plans to use the proceeds for general corporate purposes, which it noted could include the repayment of outstanding securities at maturity or when redeemed by their holders.
Nordstrom ( JWN - Get Report) fell in late trades as well, losing 2% to $41.05 on volume of more than 120,000. The move came despite a better than expected third-quarter profit for the Seattle-based fashion retailer as the company's full-year outlook offered more downside than upside to current analyst expectations. Nordstrom said it expects earnings of $2.60 to $2.65 a share for the whole of fiscal 2010, surrounding the average estimate of analysts polled by Thomson Reuters for a profit of $2.64 a share.