Stocks to Watch (CTAS,ERTS,RIMM,RHT,HERO,PAYX,PPS)

Cintas Corporation (NASDAQ: CTAS) rose 2.65% to $28.35 in after hours trading as the largest U.S. supplier of uniforms reported first-quarter profit of 43 cents a share, beating the average analyst estimate by 9.4%.

Electronic Arts Inc. (NASDAQ: ERTS) may be in focus as Microsoft Corporation (NASDAQ: MSFT), responding to speculation, said it isn’t seeking to buy the video-game publisher.

Hercules Offshore, Inc. (NASDAQ: HERO) fell 10.17% to $5.65 after The operator of drilling rigs and liftboats forecast third-quarter sales that missed analysts’ estimates and said it plans to offer as many as 17.5 million shares to repay debt.

Red Hat, Inc. (NYSE: RHT) rallied $1.17 or 4.70% to $26.05 after The biggest seller of the Linux operating system reported second- quarter sales and profit that beat analysts’ estimates as subscription revenue rose.

Paychex, Inc. (NASDAQ: PAYX) fell 2.71% to $30.20 after it reported a fiscal first-quarter profit of $123.6 million, or 34 cents a share, on revenue of $500.2 million. During the same period a year ago, the payroll and human resources technology company earned $148.7 million, or 41 cents a share, on $534.1 million in sales. Analysts surveyed by FactSet Research had forecast Paychex to earn 34 cents a share on $503.2 million in revenue.

Post Properties, Inc. (NYSE: PPS) plunged 5.19% to $18.28 it said it is offering 3 million shares of common shares to repay mortgage debt. The developer is offering underwriters 450,000 additional shares to cover overallotments. Post Properties said proceeds will be used to repay $39.4 million of existing mortgage debt and a $4 million prepayment penalty.

Research In Motion Limited (USA) (NASDAQ: RIMM) is expected to report second-quarter earnings of $1 a share, according to analysts surveyed by FactSet Research. Yesterday, shares of RIMM closed at $85.77.