After-Hours Buzz: YUM, BIDU & More
Check out which companies are making headlines after the bell Monday:
Yum Brands - The parent company of KFC and Pizza Hut posted earnings of 83 cents a share, excluding one-time items, on revenue of $4.15 billion, edging past expectations for 82 cents a share on revenue of $4.12 billion. But the company said same-store sales in its China division fell 6 percent and it now expects to post a mid-single digit earnings decline for 2013 from the prior year. Shares fell in after-hours trading.
(Read More: Stocks End Down 1%, Led by Techs; Vix Up 14%)
Baidu - The Chinese Internet company posted earnings of $1.28 a share, a penny shy of expectations, on revenue of $1.02 billion, edging past estimates for $1.01 billion. The company also handed in current-quarter revenue guidance that largely matched Wall Street forecasts. Shares fluctuated between gains and losses in extended-hours trading.
Gilead Sciences - The biotechnology company post adjusted earnings of 50 cents a share on revenue of $2.59 billion, topping expectations for 48 cents a share on revenue of $2.43 billion. Shares edged higher in extended-hours trading.
Anadarko - The oil and gas exploration and production company posted earnings excluding items of 91 cents a share on revenue of $3.41 billion, topping expectations for 71 cents a share on revenue of $3.38 billion. Shares climbed in extended-hours trading.
Hartford Financial - The financial-services company posted adjusted earnings of 54 cents a share on revenue of $7.74 billion, beating expectations for 30 cents a share on revenue of $6.3 billion. In addition, the board authorized a $500 million share buyback program and the company also received approval for a $1.2 billion extraordinary dividend, sending shares higher in extended-hours trading.
Thor Industries - The RV maker said it expects to see second-quarter revenue of $741 million, exceeding current Wall Street expectations for $716 million. Shares jumped in extended-hours trading.
Edwards Lifesciences - The medical-devices company posted earnings of 90 cents a share on revenue of $511 million, beating expectations for 77 cents a share on revenue of $500 million. In addition, the company delivered full-year earnings guidance that was mostly in line with expectations. Shares advanced in extended-hours trading.
Limited Brands - The apparel retailer increased its quarterly dividend by 20 percent to 30 cents from 25 cents a share. Shares were largely unchanged in extended-hours trading.
Tempur-Pedic - The mattress maker appointed Tim Yaggi as its COO.