After-Hours Buzz: DELL, HLF, MM & More
Check out which companies are making headlines after the bell Tuesday:
Dell - The computer hardware and software company posted earnings of 40 cents a share, edging past expectations by a penny, on revenue of $14.31 billion, beating estimates for $14.12 billion. Meanwhile, the company said it is not providing an outlook for its fiscal 2014 or first quarter "given the company's announcement on February 5 of a definitive merger agreement to take Dell private." Shares rose in extended-hours trading.
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Herbalife - The nutrition and skin care products company posted earnings of $1.05 a share on revenue of $1.06 billion, barely edging past estimates for $1.03 a share on revenue of $1.05 billion. Additionally, the company said it expects full-year revenue growth of 12 to 14 percent, topping expectations for 11 percent. The company also handed in current-quarter earnings that were in line with expectations. Shares declined in extended-hours trading.
Marriott International - The hotel chain posted earnings of 56 cents a share on revenue of $3.76 billion, beating Wall Street estimates for 55 cents a share on revenue of $3.66 billion. Meanwhile, the company handed in current-quarter earnings guidance that matched expectations, while full-year 2013 profit outlook fell short of expectations. Still, shares gained in extended-hours trading.
Analog Devices - The semiconductor company posted earnings of 44 cents a share, excluding one-time items, on revenue of $622 million, missing estimates for 45 cents a share on revenue of $633 million. Meanwhile, the company handed in current-quarter guidance that was mostly in line with expectations and increased its quarterly dividend by 13 percent to 34 cents a share from 30 cents a share. Shares declined in extended-hours trading.
CF Industries - The manufacturer and distributor of agricultural fertilizers posted earnings of $7.40 a share on revenue of $1.48 billion. Analysts expected the company to post earnings of $6.95 a share on revenue of $1.58 billion. In addition, the company approved a share buyback program of up to $3 billion. Shares edged higher in extended-hours trading.
Millennial Media - The mobile advertising company posted sales of $58 million, missing expectations for $63 million. In addition, the firm handed in current-quarter and full-year revenue guidance that disappointed Wall Street analysts, sending shares sharply lower in extended-hours trading.
Demand Media - The content and social-media company posted earnings of 12 cents a share, edging past expectations by a penny, on revenue of $97 million, matching estimates. But the company handed in current-quarter guidance that fell short of expectations. In addition, the company announced plans to explore separating its business into two public companies. Shares jumped in extended-hours trading.
La-Z-Boy - The furniture retailer posted earnings of 28 cents a share, excluding one-time items, on revenue of $349 million, beating Wall Street expectations for 23 cents a share on revenue of $338 million. Shares jumped in extended-hours trading.
Michael Kors - The upscale luxury goods retailer filed a 25 million share offering through Morgan Stanley, JPMorgan and Goldman Sachs, sending shares lower in extended-hours trading. Earlier in the session, Citi added the company to its "top picks" list and reiterated its "buy" rating on the firm.
BHP Billiton - The mining company announced its CEO Marius Kloppers is stepping down after more than five years at the helm.