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After The Bell

After-market Movers For Sept. 27 (RIMM, CT, AZZ, NKE, EMKR, TSCO)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
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Shares of Research In Motion Ltd. (RIMM,RIM.TO) surged more than 19% in after hours trading after the struggling BlackBerry maker reported better-than-expected second quarter results.

Capital Trust, Inc. (CT) shares jumped more than 27% in extended hours trading after the real estate investment trust said it has agreed to sell its investment management business to private equity firm Blackstone Group LP (BX) for $20 million. In conjunction with the deal, Capital Trust will declare a $2.00 per share special cash dividend, which will be payable as soon as practicable following closing to shareholders of record entitled to vote at a special meeting of shareholders that will be called to approve the deal.

Shares of AZZ Inc. (AZZ) rose more than 13% in late trading after the electrical and industrial products maker reported forecast=beating second quarter results and raised its full year outlooks.

Nike Inc. (NKE) shares fell more than 3% in after hours trading after the world's largest maker of athletic shoes and apparel reported a 12% drop in first quarter profit and said future orders in China fell 5%.

Shares of EMCORE Corp. (EMKR) slipped more than 6% in extended hours trading after the maker of compound semiconductor-based products for the broadband, fiber optics, satellite and solar power markets said that it plans to offer and sell $8 million of its common stock in an underwritten public offering.

Tractor Supply Co. (TSCO) shares fell more than 2% in late trading after the largest U.S. retail farm and ranch store chain said that James Wright will step down as CEO on January 1, 2013 and President and Chief Operating Officer Gregory Sandfort will become CEO.

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