Shares of Globecomm Systems Inc. (GCOM: Quote) rose more than 7% in after hours trading after the Hauppauge, New York-based global communications solutions provider said that it has hired Needham & Co. to act as its financial advisor to review potential strategic alternatives to boost shareholder value.
Express Inc. (EXPR: Quote) shares surged more than 8% in extended hours trading after the specialty retail apparel chain raised its outlook for the fourth quarter and full year ending February 2, 2013, citing better than anticipated performance during the holiday season and expectations for the balance of the period.
Shares of Multi-Fineline Electronix Inc. (MFLX: Quote) tumbled more than 13% in late trading after the manufacturer of flexible printed circuit boards cut its first quarter gross margin outlook. However, the company raised its sales outlook for the quarter.
Gordmans Stores, Inc. (GMAN: Quote) shares fell more than 8% in after hours trading after the Omaha-based apparel and home décor retailer cut its fourth quarter revenue and earnings outlook.
Shares of Lululemon Athletica Inc. (LULU: Quote) dropped more than 6% in extended hours trading after the yoga-inspired athletic apparel maker said it expects fourth quarter revenue to be at the high end of its original guidance range of $475 million to $480 million, which is still below analysts’ estimate.
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by RTT Staff Writer
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