ADC Telecommunications (NASDAQ: ADCT) plunged 12.65% to $5.80 in after hours trading after it reported a proforma net loss for the fourth quarter of $20.4 million or $0.21 per share, compared to a loss of $5.6 million or $0.05 per share in the year-ago quarter. Net loss for the fourth quarter was $19.8 million or $0.20 per share.
Aruba Networks, Inc. (NASDAQ: ARUN) declined 3% to $9.29 it posted quarterly results that edged past Wall Street expectations, helped by higher revenue at its two segments. For the first quarter ended Oct. 31, net loss widened to $24.7 million, or 28 cents per share, from $6.4 million, or 8 cents, a year earlier.
The Wet Seal, Inc. (NASDAQ: WTSLA) fell 8.50% to $3.03 after it announced that its Board of Directors has authorized it to repurchase shares of its Class A common stock having an aggregate purchase price of up to $12.5 million.
Zumiez Inc. (NASDAQ: ZUMZ) fell 2% to $10.90 after it posted a better-than-expected third-quarter profit, helped by inventory management and improving trends in its western markets, but forecast fourth-quarter earnings below Street expectations.
Foot Locker, Inc. (NYSE: FL) declined 5.50% to $10.02 after it reported a net loss of $6 million, or 4 cents a share. A year ago it posted net income of $24 million, or 16 cents a share. Revenue for the three months ended Oct. 31 fell 7.3% to $1.21 billion from $1.31 billion a year earlier.
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