After-Hours Buzz: ORCL, JBL, GES & More
Check out which companies are making headlines after the bell Wednesday:
Oracle - The enterprise software company posted earnings of 65 cents a share on revenue of $8.97 billion, missing expectations for 66 cents a share on sales of $9.38 billion. Shares slumped in extended-hours trading.
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Jabil Circuit - The electronics manufacturing services company posted earnings of 53 cents a share, excluding one-time items, missing estimates by a penny, on sales of $4.42 billion, topping expectations for $4.38 billion. In addition, the company provided current-quarter guidance that missed Wall Street forecasts, sending shares lower in extended-hours trading.
Guess - The clothing retailer posted earnings of 95 cents a share, excluding one-time items, on revenue of $815 million, topping expectations for 87 cents a share on sales of $785 million. But the company handed in current-quarter and full-year guidance that were considerably below current Wall Street estimates, sending shares sharply lower in extended-hours trading.
Tumi Holdings - The manufacturer of suitcases and bags posted earnings of 25 cents a share on revenue of $127 million, missing expectations for 26 cents a share on revenue of $129 million. In addition, the company handed in full-year earnings that came in below consensus, sending shares sharply lower in extended-hours trading.
Starbucks - The coffeehouse giant rejected a shareholder proposal to prohibit the company from making political contributions or forming a political action committee. Shares edged higher in extended-hours trading.
Raytheon - The defense contractor increased its quarterly dividend by 10 percent to 55 cents a share from 50 cents a share.