After-Hours Update: MEE, MSFT, CWTR
Monday, October 18, 2021 8:33 PM

Related Stories

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.



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Market news:

  • Egypt activists struggle to monitor election Nov 25, 2021 03:21 AM

    • CAIRO - Rights activists in Egypt are struggling to ensure they will be able to monitor parliament elections Sunday that they expect to be plagued by rigging.
    • Egyptians who witness any cheating, police intimidation or violence will be able to send messages via mobile phones, Facebook and Twitter to volunteers staffing a website called, who will then post the location and nature of the violations on a map of Egypt.
    • Past elections in Egypt have been riddled with vote rigging in favor of the ruling party, ensuring its hold on parliament, according to human rights groups.
      • Walker leads UConn to Maui title over Kentucky Nov 25, 2021 03:20 AM

        • LAHAINA, Hawaii - The Connecticut Huskies leave Hawaii with a big trophy and bigger expectations.
        • Finishing off a dominating tournament, Kemba Walker scored 29 points and Connecticut beat a Top 10 team for the second straight day, knocking off No.
        • 8 Kentucky with an 84-67 rout to win the Maui Tournament on Wednesday night.
          • Powerful storm to bring snow, ice to the Dakotas Nov 25, 2021 03:18 AM

            • BISMARCK, N.D. - A powerful storm that pummeled much of the West is promising to bring its chaotic mix of snow, sleet and ice to much of the Dakotas on Thanksgiving Day.
            • Meteorologists warned residents in the Dakotas to expect a range of messy wintery weather, from freezing drizzle in the eastern two-thirds of South Dakota to a possible blizzard in eastern North Dakota.
            • "Like the Boy Scouts, you've got to be prepared for a North Dakota winter or you're asking for your own problems," said Gerald Miller, 52, who plowed roads on his farm just east of Bismarck on Wednesday.
              • Pope's remarks on condoms sow widespread confusion Nov 25, 2021 03:18 AM

                • RALEIGH, N.C. - Some Roman Catholics are confused.
                • Days after the release of Pope Benedict XVI's comments that condoms can be justified to prevent the spread of HIV, there is widespread confusion about exactly what he was trying to say.
                • "It's a mess," said John Haas, president of the National Catholic Bioethics Center in Philadelphia, which advises church leaders, hospitals and Vatican offices.
                  • Airport protest never takes off, few delays seen Nov 25, 2021 03:18 AM

                    • CHICAGO - The big Opt-Out looked like a big bust Wednesday as most of the Thanksgiving travelers selected for full-body scans and pat-down searches chose to submit to them rather than create havoc on one of the busiest flying days of the year.
                    • For days, activists had waged a loosely organized campaign on the Internet to encourage airline passengers to refuse full-body scans and insist on a pat-down in what was dubbed National Opt-Out Day.
                    • "It was a day at the beach, a box of chocolates," said Greg Hancock, 61, who breezed through security at the Phoenix airport on the way to a vacation in California.

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