After-Hours Buzz: AXP, BA & More
Check out which companies are making headlines after the bell Thursday:
American Express - The credit-card provider pre-announced earnings of $1.09 a share, excluding one-time items, on revenue of $8.1 billion. Analysts expected the company to report a profit of for $1.06 a share on sales of $8.1 billion.
Additionally, the company said it took a big restructuring charge in the fourth quarter. Part of the charge will cover the cost of the severance payments related to 5,400 jobs that are expected to be eliminated in the quarter. Shares dipped after initially trading higher in extended-hours trading.
(Read More: Stocks End at Highs, S&P Tops 1470; FB Up 2%)
Boeing - The aerospace and defense company announced it will consolidate its El Paso facilities and cut the workforce there by the end of next year. Shares were unchanged in extended-hours trading.
Cantor Fitzgerald initiated coverage of AOL with a "hold" rating with a price target of $32 a share and started coverage of Shutterstock with a "buy" recommendation with a price target of $30 a share.
3D Systems - The 3D imaging software company acquired COWEB, a start-up that creates consumer-customized 3D printed products. Financial terms of the agreement were not disclosed.
KBR - The engineering and construction company slashed its 2012 earnings forecast, citing higher-than-expected project charges in its minerals and construction units. Shares plunged in extended-hours trading.
JDS Uniphase - The tech company appointed Rex Jackson as its new CFO.