Shares of Yum! Brands Inc. (YUM) rose more than 3% in after hours trading after the owner of KFC, Pizza Hut and Taco Bell restaurant chains reported a 23% jump in third quarter profit and raised its full year earnings growth forecast.
Cummins Inc. (CMI) shares fell more than 4% in extended hours trading after the engine maker lowered its full year 2012 revenue and EBIT outlooks, and said it expects to cut up to 1500 jobs by the end of the year to reduce costs.
Shares of Ferro Corp. (FOE) slipped more than 8% in late trading after the specialty chemicals maker cut its full year 2012 earnings outlook, citing deterioration in its forecast for its solar pastes and metal powders businesses, and further weakening of business conditions in Europe.
CommonWealth REIT (CWH) shares slumped more than 9% in after hours trading after the real estate investment trust cut its quarterly common share dividend rate by 50%.
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