After-Hours Buzz: NFLX, TXN, ZION & More
Check out which companies are making headlines after the bell Monday:
Netflix: The on-demand movie-streaming website posted earnings of 31 cents a share, excluding one-time items, exceeding Wall Street expectations for 19 cents a share, while revenue was mostly in line at $1.02 billion. In addition, the company handed in current-quarter earnings guidance that was better than expected, sending shares sharply higher in extended-hours trading.
(Read More: Stocks End Higher, Led by Energy; GE Slumps)
Texas Instruments: The semiconductor company reported earnings of 32 cents a share on revenue of $2.89 billion, edging past expectations for 30 cents a share on sales of $2.85 billion. It also handed in current-quarter earnings guidance that was better-than-expectations, while revenue outlook was largely in line. Shares rose in extended-hours trading.
Zions Bancorp: The bank posted earnings of 48 cents a share on revenue of $539 million, versus expectations for 39 cents a share on revenue of $554 million. Shares were largely unchanged in extended-hours trading.
Noble Energy: The oil and gas company approved a 2-for-1 stock split and raised its quarterly dividend to 28 cents a share from 25 cents a share. Shares edged higher in extended-hours trading.
Swift Transportation: The trucking company posted earnings of 21 cents a share, excluding one-time items, topping expectations by 4 cents a share. But Swift reported revenue of $857 million, missing an $867 million estimate. Still, it said it expects to see 2013 adjusted earnings up 10 to 15 percent, sending shares sharply higher in extended-hours trading.
Rent-A-Center: The furniture and electronics rent-to-own company reported earnings of 80 cents a share on revenue of $819 million, falling short of projections for 87 cents a share on sales of $844 million. It also handed in full-year 2013 earnings guidance that was below forecasts, sending shares sharply lower in extended-hours trading.
Illumina: The biotechnology company reported earnings of 46 cents a share, excluding one-time items, on revenue of $331 million, beating forecasts for 38 cents a share on sales of $311 million. Shares rallied in extended-hours trading.
Biogen Idec: Deutsche Bank lifted its price target to $240 from $170 and maintained its "buy" rating on the biotechnology company. Shares edged higher in extended-hours trading.
Sempra Energy: The natural gas utilities holding company was downgraded to "neutral" from "buy" at ISI Group. Shares edged lower in extended-hours trading.
Cabela's: The hunting, fishing and camping merchandise retailer said that Dick Cabela will transition to chairman emeritus and Jim Cabela will become chairman.