After-Hours Buzz: URBN, YUM & More
Check out which companies are making headlines after the bell Monday:
Urban Outfitters - The apparel retailer posted earnings of 56 cents a share, missing expectations by a penny, on revenue of $857 million, topping estimates for $846 million. Shares declined in extended-hours trading.
(Read More: Dow, S&P Log 7-Day Rally; Dow at Record High)
Yum Brands - The parent company of KFC and Pizza Hut said same-store sales in China unexpectedly rose 2 percent in February, topping expectations for a decline of 8.7 percent according to Consensus Metrix. Yum also said first-quarter same-restaurant sales in China fell 20 percent, against estimates for a 25 percent drop. Shares soared in extended-hours trading.
Diamond Foods - The packaged food company posted earnings of 5 cents a share, excluding one-time items, on revenue of $221 million, falling short of estimates for 6 cents a share on revenue of $239 million. In addition, the company said it expects net sales in the second half to be lower than the first half. Shares slumped in extended-hours trading.
IRobot - The maker of Roombas and police robots said it expects to post first-quarter earnings of 16 to 20 cents a share on revenue of $102 million to $104 million, exceeding current estimates for 2 cents a share on sales of $100 million. In addition, the company said is has appointed Alison Dean as executive vice president and CFO. Shares spiked in extended-hours trading.
LinkedIn - The social-networking website will acquire the newsreader app Pulse in a deal worth between $50 million and $100 million, according to AllThingsD. Microsoft and Yahoo had also been speculated as potential buyers.
Casey's General Stores - The convenience store chain posted earnings of 40 cents a share on revenue of $1.66 billion, missing expectations for 47 cents a share on sales of $1.71 billion. Shares edged lower in extended-hours trading.
Verifone - The electronic payment solutions company announced that Douglas Bergeron will be stepping down as CEO and from the board. Chairman Richard McGinn has been named interim CEO. In addition, the company reiterated its guidance for the second fiscal quarter 2013 and full fiscal year 2013. Shares spiked higher in extended-hours trading.
Vail Resorts - The ski resort operator appointed Michael Barkin as its executive vice president and CFO effective early April.