GO
Loading...

After-Hours Buzz: Berkshire Hathaway Takes New Stake in ADM, VRSN, GM & More

Check out which companies are making headlines after the bell Thursday:

Warren Buffett's Berkshire Hathaway took new stakes in Archer Daniels Midland, Verisign, DirecTV, General Motors, Precision Castparts, according to a 13F filing. Shares gained in extended-hours trading.

(Read More: Stocks End Flat in Thin Session; HNZ Soars 20%)

Widely-followed activist investor Carl Icahn bought 14 million shares of Herbalife, giving him a 12.98 percent stake in the company, according to a 13D filing, sending shares sharply higher in extended-hours trading. The move came just a few weeks after the billionaire's argument on CNBC with Pershing Square's Bill Ackman over the nutrition and skin-care products company. In December, hedge fund manager William Ackman, who called Herbalife a "pyramid scheme," shorted the company's stock.

Greenlight Capital took new stakes in Apple call options and Google stock. Meanwhile, the hedge fund increased its position in Apple and Microsoft, while lowering its stakes in Seagate and Yahoo.

Third Point dissolved stakes in Cigna, Cabot Oil & Gas. The hedge fund increased its position in News Corp and added new stakes in Tesoro, Herbalife and Morgan Stanley.

CBS - The media company posted earnings of 64 cents a share, excluding one-time items, on revenue of $3.7 billion. Analysts expected the company to post earnings of 68 cents a share on revenue of $3.78 billion. In addition, the company increased its share repurchase program by $1 billion in 2013. Shares fell in extended-hours trading.

Brocade - The networking hardware and software company posted earnings of 21 cents a share, excluding one-time items, on revenue of $589 million, topping expectations for 16 cents a share on revenue of $576 million. Still, shares edged lower in extended-hours trading.

Agilent Technologies - The biological and chemical analysis equipment company posted earnings of 63 cents a share, excluding one-time items, on revenue of $1.68 billion, missing expectations for 67 cents a share on sales of $1.69 billion. In addition, the company handed in current-quarter earnings and revenue that missed Wall Street forecasts, sending shares sharply lower in extended-hours trading.

Qlik Technologies - The software company posted quarterly results that exceeded Wall Street expectations and posted 2013 earnings and revenue guidance that topped estimates. But current-quarter outlook fell short of expectations. In addition, the company announced that its CFO Bill Sorenson will resign, citing personal reasons. Shares surged in extended-hours trading.

Procter & Gamble - The consumer goods company said it expects to incur a one-time charge in its fiscal year 2013 of $200 million to $275 million, or 7 cents a share to 9 cents a share, as a result of the Venezuelan currency devaluation. Shares slipped in extended-hours trading.

Dunkin' Brands - The parent company of Dunkin' Donuts said it expects to see full-year earnings of between $1.50 a share and $1.53 a share, mostly in line with estimates for $1.52 a share. Shares were largely unchanged in extended-hours trading.

Abbott Labs - Stifel Nicolaus initiated coverage of the pharmaceuticals and health care products company with a "buy" rating and a price target of $40.

UPS - The package delivery company increased its quarterly dividend to 62 cents a share from 57 cents a share. In addition, the company's board authorized the company's share buyback program for $10 billion. Shares edged higher in extended-hours trading.

Scripps Networks Interactive - The media company boosted its quarterly dividend by 25 percent to 15 cents a share from 12 cents a share.

PNC Bank - The financial company announced President William Demchak will succeed James Rohr as CEO at the annual shareholders meeting in April.

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

  • CNBC Personal Finance Correspondent

  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.