4 Late Radar Stocks: Apple Edging Higher THQ Drops 20%, and PSUN Surges 40%

Shares of Apple Inc. (NASDAQ:AAPL) are edging .17% higher in late trading.  The tech giant will be opening a new Apple store in Grand Central Station this Friday.  It will be the fifth Apple store in New York.  Competitors include: Amazon (NASDAQ:AMZN), Google (NASDAQ:GOOG) and Microsoft (NASDAQ:MSFT).

Cisco Systems (NASDAQ:CSCO) closed more 1.39% higher on Wednesday.  The company’s CEO John Chambers, urged shareholders to support a proposal that would cut taxes on repatriated profits, in order to create more jobs in the US.  The company may also pay higher dividends.

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Shares of THQ Inc. (NASDAQ:THQI) are getting slammed 20% after the closing bell.  The company reported that net earnings for its third fiscal quarter will be 25% below previous estimates.  The cause was weaker-than-expected sales of its uBraw game tablet.  “Despite uDraw’s strong success on the Wii in fiscal 2011 and market research indicating strong demand for uDraw on Xbox 360 and PlayStation 3 (NYSE:SNE), initial sales of our uDraw tablet and software on these high-definition platforms have been weaker than expected,” CEO Brian Farrell explained.

After announcing store closures, shares of Pacific Sunwear of California Inc. (NASDAQ:PSUN) are surging more than 40% in extended trading.  The company said it will close 175 to 200 underperforming stores in the next 14 months, due to a lease renegotiation with landlords.  Competitors include: American Eagle Outfitters, Inc. (NYSE:AEO) and Aeropostale, Inc. (NYSE:ARO).

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