After-Hours Buzz: TSLA, PAY, CAKE & More
Check out which companies are making headlines after the bell Wednesday:
Constellation Brands - Anheuser-Busch, Grupo Modelo, Constellation Brands, and Crown Imports are in talks with the U.S. Department of Justice seeking to resolve the Department of Justice's litigation challenging Anheuser-Busch's proposed acquisition of the remaining stake in Grupo Modelo it does not already own.
(Read More: S&P Logs Worst Day of 2013, Dow Below 14,000)
Tesla Motors - The manufacturer of electric cars posted a loss of 65 cents a share, excluding one-time items, on revenue of $306 million, beating expectations for a loss of 53 cents a share on sales of $298 million. The company added that it expects to be "slightly profitable" in the first quarter. Shares initially rose in extended-hours trading, but reversed their gains to trade lower.
Verifone Systems - The electronic payment solutions company reported weak first-quarter and second-quarter guidance, sending shares down nearly 30 percent in extended-hours trading.
Cheesecake Factory - The restaurant chain posted earnings of 51 cents a share on revenue of $465 million, missing expectations for 52 cents a share on sales of $469 million. In addition, the company handed in current-quarter revenue guidance that was in the lower end of expectations. Shares dipped in extended-hours trading.
Crocs - The shoe manufacturer posted earnings of 4 cents a share, excluding one-time items, on revenue of $225 million, topping expectations. Meanwhile, the company handed in current-quarter earnings and sales guidance that were slightly short of Wall Street expectations. Shares slipped in extended-hours trading.
Fluor - The construction and engineering company posted earnings of $1.58 a share on sales of $7.02 billion. Analysts expected the company to post earnings of 98 cents a share on revenue of $7.20 billion. In addition, the company handed in full-year 2013 earnings guidance that mostly matched estimates. Shares slipped in extended-hours trading.
Pegasystems - The global software provider posted earnings of 65 cents a share, excluding one-time items, on revenue of $144 million, easily beating expectations for 33 cents a share on sales of $123 million. In addition, the company handed in full-year 2013 guidance that exceeded Wall Street estimates, sending shares sharply higher in extended-hours trading.
Hershey - The chocolate manufacturer reaffirmed its full-year 2013 earnings guidance, which fell slightly short of expectations.
Synopsys - The tech company posted 67 cents a share, excluding one-time items, on revenue of 475 million, edging past estimates for 55 cents a share on sales of $473 million. In addition, the company handed in current-quarter and full-year earnings outlook that topped Wall Street forecasts, sending shares higher in extended-hours trading.
Foot Locker - The footwear retailer increased its quarterly dividend by 11 percent to 20 cents a share from 18 cents a share. In addition, the board approved a new $600 million share repurchase program and announced a 2013 a $220 million capital. Shares edged higher in extended-hours trading.
Halliburton - The oilfield services company boosted its quarterly dividend by 39 percent to 12.5 cents a share from 9 cents a share. Shares edged higher in extended-hours trading.
Xerox - The company increased its quarterly dividend by 35 percent to 5.75 cents a share from 4.25 cents a share.
Fresh Del Monte - The manufacturer of fresh-cut fruit and vegetables increased its quarterly dividend by 25 percent to 12.5 a share from 10 cents a share.
HollyFrontier - The petroleum refiner lifted its quarterly dividend by 50 percent to 30 cents a share from 20 cents a share and announced a separate special cash dividend of 50 cents per share.