After-Hours Buzz: JCP, NFLX, APP & More
Check out which companies are making headlines after the bell Monday:
JCPenney - Vornado Realty Trust is selling 10 million JCPenney shares via Deutsche Bank, according to sources. Shares tumbled in extended-hours trading.
Netflix - RBC Capital initiated coverage of the movie-streaming company with an "outperform" rating and a price target of $210.
American Apparel - The apparel retailer posted earnings of 4 cents a share on revenue of $173 million, exceeding Wall Street expectations for a loss of 2 cents a share on revenue of $172 million and said same-store sales jumped 13 percent in 2012. In addition, the company handed in full-year 2013 revenue guidance that topped forecasts, sending shares higher in extended-hours trading.
(Read More: Stocks End Higher; AAPL Drops 2%, GOOG Gains)
Gardner Denver - Private equity firm KKR is close to a deal to acquire the industrial machinery maker and could announce the agreement in the next few days, according to a Reuters report, citing people familiar with the matter. Shares edged higher in extended-hours trading.
Ascena Retail - The women's specialty retailer posted earnings of 26 cents a share, excluding one-time items, on revenue of $1.24 billion, topping expectations for 23 cents a share on sales of $1.23 billion. Shares spiked higher in extended-hours trading.
SHFL Entertainment - The casino products manufacturer posted earnings of 12 cents a share, in line with expectations, on revenue of $59 million a share, slightly short of estimates for $60 million. Shares edged lower in extended-hours trading.
Trulia - The residential real estate website announced a $100 million secondary offering through Deutsche Bank, JPMorgan and RBC. Shares slumped in extended-hours trading.
Jazz Pharmaceuticals - The specialty pharmaceutical company announced it will offer 5.375 million shares for existing shareholders through Barclays. Shares declined in extended-hours trading.