Shares of Analogic Corp. (ALOG: Quote) surged more than 10% in after hours trading after the medical imaging and security systems maker reported forecast-beating fourth quarter results.
Werner Enterprises Inc. (WERN: Quote) shares slumped more than 8% in extended hours trading after the transportation and logistics company warned that its third quarter earnings would come in below prior year level and that of analysts' current consensus estimate, due to several factors including higher driver pay, rising fuel prices and increased equipment maintenance costs and higher health care costs.
Shares of Cornerstone Therapeutics Inc. (CRTX: Quote) slipped more than 6% further in late trading after losing more than 21% in regular trading. A panel of the U.S. Food and Drug Administration recommended not to approve Cornerstone's investigational drug lixivaptan to treat hyponatremia.
Western Digital Corp. (WDC: Quote) shares fell more than 2% in after hours trading after the hard-drive maker cut its first quarter revenue outlook. The company also announced a capital allocation plan that includes the adoption of a cash dividend policy and an increased authorization of $1.5 billion under its share repurchase program.
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by RTT Staff Writer
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