After-Hours Buzz: ADBE, PAY & More
Check out which companies are making headlines after the bell Thursday:
Adobe Systems - The software company posted earnings of 61 cents a share, excluding one-time items, on revenue of $1.15 billion, topping expectations for 57 cents a share on sales of $1.10 billion. Shares jumped after being briefly halted in extended-hours trading.
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Amgen - The biopharmaceutical company boosted its quarterly dividend to 47 cents a share from 36 cents a share and increased its share buyback program by $2 billion.
United Tech - The conglomerate handed in a 2013 earnings guidance of between $5.85 a share and $6.15 a share and revenue of between $64 billion to $65 billion, versus Wall Street estimates for $6.12 a share and $66.4 billion. Shares edged lower in extended-hours trading.
United Continental - The airline company named Jeff Smisek as President and CEO. Smisek will succeed Glenn Tilson.
Apollo Group - The for-profit education company announced its chairman John Sperling will retire at the end of the year and will be succeeded by Peter Sperling.
VeriFone Systems - The electronic payment services company posted earnings of 76 cents a share, ex-items, on revenue of $485 million. Analysts expected the firm to post earnings of 76 cents a share on sales of $495 million. Meanwhile, the company handed in full-year 2013 earnings guidance that missed Wall Street forecasts, sending shares lower in extended-hours trading.
Microsoft - BMO Capital initiated coverage of the tech giant with a "market perform" rating and a price target of $30 a share.
Quiksilver - The surfwear retailer posted earnings of 7 cents a share, excluding one-time items, on revenue of $559 million, missing expectations for 10 cents a share on sales of $564 million. Shares declined in extended-hours trading.
CoreLogic - The company authorized a new $250 million share buyback program, replacing the firm's previously-announced $156 repurchase program, sending shares higher in extended-hours trading.
Progress Software - The software company said its CFO Melissa Cruz will to retire in 2013. A successor has not yet been named.
Halcon Resources - RW Baird initiated coverage of the oil and gas producer with an "outperform" rating and a price target of $10 a share. Shares gained in extended-hours trading.