Shares of Massey Energy Co. (NYSE: MEE) soared more than 7% in late trading after The Wall Street Journal reported that the coal producer is exploring strategic alternatives, including a possible sale.
Shares of Microsoft Corp. (NASDAQ: MSFT) fell more than 2% in extended trading after the software giant annouced that chief software architect Ray Ozzie plans to step down from his position. He will remain with the company for a while as he transitions the teams and ongoing strategic projects within the organization.
Coldwater Creek (NASDAQ: CWTR) sank more than 27% in after-hours trading after the company said that it expects to post a third-quarter loss of 14 cents to 19 cents per share, compared to its previous guidance for earnings in the range of 1 cent to 4 cents per share. Net sales in the range of $225 million to $230 million, reflecting a decline in comparable premium retail store sales of approximately 18% to 21% as compared to the third quarter of last year. This compares to the Company's previous guidance for third quarter net sales to increase in the low single digit range, which assumed essentially flat comparable premium retail store sales. Analysts currently expect the company to report earnings of 3 cents per share on revenue of $278.5 million.
Disclosure: Author doesn't own any of the stocks discussed here.