After the Bell: Cooper, Ulta, Big Lots Plunge As Earnings Disappoint

The closing bell rang almost an hour ago. Still, a number of stocks kept moving in after-hours action.

Copper Cos (COO) shrank 6.5% to $125 after fiscal fourth-quarter earnings and the company's full-year 2014 financial forecasts fell below expectations. For the period ended Oct. 31, Cooper earned $57.4 million, or $1.15 a share, down from $71.9 million, or $1.46 a share, in the prior-year period. Excluding impacts from a divestiture, adjusted earnings were $1.48, up from $1.47. Revenue gained 3.9% to $411.9 million. Excluding currency impacts, the growth was 7%.  For the new fiscal year, Cooper said it expects per-share earnings of $6.70 to $7 and revenue of $1.675 billion to $1.735 billion Analysts polled by Thomson Reuters were expecting $7 a share in profit and $1.71 billion in revenue.

Ulta Salon Cosmetics & Fragrance (ULTA) shares plunged 15.7% to $99.50 after the beauty products retailer's quarterly results and outlook fell short of Wall Street expectations. The company reported third-quarter earnings of 70 cents a share on revenue of $618.9 million. Results included a severance charge of 2 cents a share. Analysts were expecting 74 cents a share on revenue of $622.1 million. For the current quarter, Ulta expects to earn between $1.07 a share to $1.10 a share on revenue of $853 million to $867 million. Analysts expect $1.24 a share on revenue of $893.6 million.

Big Lots (BIG) shares dropped 11.8% to $32.75 on moderate volume after the retailer reported a third-quarter loss of 17 cents a share on revenue of $1.15 billion. Results reflect the company's announcement they plan to close operations in Canada. Analysts forecast a loss of 8 cents a share on revenue of $1.16 billion.