After-Hours Movement: PSS Up 34%, GES Down 4.5%, AMAT Down 4.8%

• Collective Brands (NYSE: PSS) - up 34% - Released better-than-expected Q2 results but traders mostly shrug as company also announced it will explore strategic alternatives.
  
• Guess? (NYSE: GES) - down 4.5% - Reported Q2 adj-EPS of 84 cents on sales of $677.2 million. Also guided Q3 and FY11.
  
• Applied Materials (Nasdaq: AMAT) - down 4.8 - Issued quarterly results but the guidance was the real kicker: sees Q4 EPS 16-24 cents, vs. the consensus of 33 cents.

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