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Stocks to Watch: JCP, CHK & More

CNBC.com | May 15, 2012 | 05:09 PM EDT

Check out which companies are making headlines after-the-bell Tuesday:

JCPenney [ JCP?26.75? -6.57 (-19.72%) ] - The retailer reported a loss of 25 cents on sales of $3.15 billion, missing expectations for a loss of 11 cents a share on revenue of $3.41 billion. In addition, the firm said it is discontinuing its 20 cent quarterly divident. Shares plunged in extended-hours trading. (Click here for after-hours quote.)

Chesapeake Energy [ CHK?14.04? -0.61 (-4.16%) ] - The natural gas company confirmed that it is increasing its borrowing to $4 billion from $3 billion, citing "strong investor demand." Shares edged slightly higher in extended-hours trading. (Click here for after-hours quote.)

Arena Pharmaceuticals [ ARNA?5.67? -0.39 (-6.44%) ] - The biopharmaceutical company announced a common stock offering, but did not disclose the quantity. Shares dropped in extended-hours trading. (Click here for after-hours quote.)

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