After-Hours Buzz: DELL, GM & More
Check out which companies are making headlines after the bell Tuesday:
Dell - CNBC has learned that a deal for the computer software company could be announced in two weeks and the price will likely be between $13.5 a share and $14 a share, with an equity investment from Silver Lake and other investors of roughly $2 billion. Shares edged lower following the announcement in extended-hours trading after soaring more than 7 percent in regular hours trading.
(Read More: Dow Logs 4-Day Win Streak; Apple Drops 3%)
General Motors - The automaker said it expects profits to grow "modestly" in 2013 driven by the U.S. and China, while Europe is expected to see further contraction. Shares edged lower in extended-hours trading.
Linear Technology - The tech company posted earnings of 44 cents a share, excluding one-time items, topping expectations for 40 cents a share. Meanwhile, the firm reported revenue of $305 million, missing estimates for $311 million. Shares declined in extended-hours trading.
Facebook - The social-networking giant traded lower in extended-hours trading after falling more than 2 percent in the regular session. Earlier, the company announced a 'Graph Search' service, a social search feature allowing users to combine phrases to get content that's been shared on Facebook.
Apple - The iPhone maker was mostly unchanged in extended-hours trading after slumping 3 percent to hit a fresh 11-month low in the regular session. Analysts have been raising red flags on the tech giant over the last few months amid worries over iPhone 5 sames and amid increasing competition from the likes of Samsung.
Vail Resorts - The ski resort company said it expects full-year 2013 net income to be between $39 million and $49 million, down from a previous guidance of between $50 million and $60 million. Shares fell in extended-hours trading.
Crocs - The shoe manufacturer said it expects fourth-quarter revenue to be in line with its previous guidance of $220 million. The company also added that the difficult holiday retail sales environment was similar to other brands. Shares slipped in extended-hours trading.
Vera Bradley - The accessories company best known for its patterned bags raised its fourth-quarter earnings guidance to between 56 cents a share and 58 cents a share, and lifted its revenue to between $149 million and $154 million. In addition, the company said it expects full-year 2013 earnings and revenue in the higher range of Wall Street expectations. Shares jumped in extended-hours trading.
AbbVie - The pharmaceuticals company was initiated with a "buy" rating and a price target of $44 at Jefferies. Shares were largely unchanged in extended-hours trading.
Five Below - The discount store chain raised its fourth-quarter earnings guidance to between 36 cents a share and 38 cents a share, excluding one-time items, and adjusted its revenue to between $169 million and $172 million. Analysts expect the company to post earnings of 38 cents a share on sales of $169 million. Shares dipped in extended-hours trading.