After-Hours Buzz: JBHT, GPS, LNKD & More
Check out which companies are making headlines after the bell Thursday:
J.B. Hunt - The trucking and transportation company posted earnings of 61 cents a share, missing expectations for 64 cents a share, while revenue was in line with estimates at $1.29 billion. Shares declined in extended-hours trading.
(Read More: Stocks Log 4-Day Rally; Dow, S&P at New Highs)
Gap - The clothing apparel retailer posted March same-store sales that dipped 1 percent against forecasts for a decline of 1.7 percent, according to estimates from StreetAccount. Shares edged higher in extended-hours trading.
"Overall, we're pleased with the month and are focused on selling our strong spring product to customers across all brands and channels globally," said CEO Glenn Murphy, in a press statement.
LinkedIn - The social networking website purchased newsreader and mobile content distribution platform Pulse in a deal worth $90 million. The acquisition is expected to close during the second quarter. LinkedIn shares were largely unchanged in extended-hours trading.
Eli Lilly - The pharmaceutical company said it plans to layoff nearly 1,000 sales representatives in the U.S., while adding 300 diabetes sales jobs, as part of its restructuring program, according to a report from Dow Jones.
Weyerhaeuser - The pulp and paper company increased its quarterly dividend by 18 percent to 20 cents a share from 17 cents a share.
Ashland - Jana Partners unveiled a 7.4 percent stake in the specialty chemical company, sending shares higher in extended-hours trading.
Stifel Nicolaus initiated coverage of waste collection companies Clean Harbors and Waste Connections with a "buy" rating, while started coverage of Republic Services and Waste Management with a "hold" recommendation.
Wesco Aircraft Holdings - Jefferies initiated coverage of the aircraft hardware maker with a "hold" rating and a price target of $15.
Sonic - The restaurant chain said CEO Clifford Hudson will reassume his role as president of the company in addition to his position as Chairman of the board, according to an 8K filing.