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After-hours buzz: URBN, CREE, PLKI & more

Wall Street, after hours
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Check out the companies making headlines after the bell on Tuesday:

Shares of Cree slipped more than 6 percent after hours after the company missed fourth-quarter earnings estimates and provided a disappointing guidance for the upcoming quarter.

Cree reported fourth quarter earnings of 19 cents per share ex-items on revenues of $388 million. Analysts had expected EPS of 20 cents on revenues of $386 million, according to a Thomson Reuters consensus estimate.

Urban Outfitters jumped 11 percent in extended trading following the company's second quarter earnings and revenue beat.

Urban Outfitters reported second quarter earnings of 66 cents per share on revenues of $890 million. Analysts had expected EPS of 56 cent on revenues of $887 million, according to a Thomson Reuters consensus estimate.

Shares of Popeyes dropped more than 1 percent after the company missed on second-quarter revenue estimates.

Popeyes reported second-quarter earnings of 47 cents per share on revenues of $61.7 million. Analysts had expected EPS of 47 cents on revenues of $63 million, according to a Thomson Reuters consensus estimate.

Lumber Liquidators gained more than 8 percent after hours following a favorable court ruling.

The hardwood flooring retailer won in court against claims that it did not warn consumers about cancer-causing formaldehyde in some of its flooring products.

Lumber Liquidators said a Superior Court of the State of California ruled that Global Community Monitor and Sunshine Park's evidence failed to support their claims and asked them to pay $100,000 as reimbursement, Reuters reported.

Shares of Southern Company dropped more than 1 percent following the company's announcement that it will offer 32.5 million in common shares.

Southern Company said that it plans to use the proceeds from the offering to partially fund the price for a pending purchase of 50 percent equity interest in Southern Natural Gas.