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Lumber Liquidators swings to 3Q loss, names new CEO

Hardwood flooring company Lumber Liquidators Holdings Inc. on Wednesday named John Presley as new chief executive officer, after swinging to a loss in the third quarter. The company reported a loss of $8.5 million, or 31 cents per share, in the third quarter, down from a profit of $15.7 million, or 58 cents per share, in the year-ago period. Sales slipped 11% to $236.1 million from $266.1 million last year. Analysts surveyed by FactSet forecast a loss of 18 cents a share on revenue of $257.8 million. The company said it wasn’t able to provide an outlook for the fourth quarter at this point. Shares slumped 6.8% premarket after the report.

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Porsche to halt sales of Cayenne diesel SUV models

Porsche Cars North America Inc. said late Tuesday that it will discontinue sales of recent models of its Cayenne diesel SUVs until further notice following fresh allegations from the Environmental Protection Agency. Porsche, which is owned by Volkswagen AG , said it will discontinue sales of 2014 through 2016 diesel models of the Cayenne. Volkswagen on Tuesday received fresh allegations from the EPA for cheating on diesel emission standards.

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Groupon shares plunge on outlook after two-hour halt

Groupon Inc. shares plummeted in the extended session Tuesday after being halted for more than two hours after the online deals company issued a weak outlook and named a new chief executive. Groupon shares plunged 26% to $2.98 on heavy volume. Shares had climbed 5.2% to close the regular session at $4.03. Right after the closing bell, Groupon shares were halted and the company announced it expected an adjusted loss of 1 cents a share to earnings of 1 cent a share in the fourth quarter on revenue of between $815 million and $865 million. Analysts surveyed by FactSet had forecast 7 cents a share on revenue of $956.8 million. Also, Groupon named Rich Williams as the new CEO, replacing Eric Lefkofsky, who will replace Ted Leonsis as chairman.

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Checkpoint Systems finds errors in two quarters of results

Checkpoint Systems Inc. shares fell in the extended session Tuesday after the maker of theft-prevention devices for retailers said it discovered errors in its financial statements for the first two quarters of the year. Checkpoint Systems shares dropped 4.9% to $7.32. In a Securities and Exchange Commission filing, the company said it expects a decrease of 4 cents a share in reported earnings for the quarter ended March 29, and 10 cents a share for the quarter ended June 28.

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Chipotle hires food safety consulting firms after E. coli concerns

Chipotle Mexican Grill, Inc. said it has hired two food safety consulting firms, including IEH Laboratories and Consulting Group, to help assess and improve its food safety standards. On Nov. 1, it was reported that Chipotle closed 43 locations in Washington state and Oregon following links between an E. coli outbreak and the chain. The investigation into the outbreak continues, and Chipotle said in a statement that it’s cooperating with investigators. Chipotle shares are down 2.7% this week. The S&P is up 1.5% for the same period.

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DSW shares fall after profit outlook cut

DSW Inc. shares fell in the extended session Tuesday after the shoe retailer cut its earnings outlook and announced its chief executive was retiring. DSW shares dropped 11% to $21.80. The company forecast full-year earnings of $1.40 to $1.50 a share, down from its previously forecast range of $1.80 to $1.90 a share, and 41 cents to 44 cents a share for the third quarter. Analysts surveyed by FactSet had forecast earnings of $1.83 a share for the year and 56 cents a share for the third quarter. DSW also said CEO Michael MacDonald would retire at the end of the year and be succeeded by Roger Rawlins.

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