After-Hours Buzz: AIG, LNKD, GILD & More
Check out which companies are making headlines after the bell Thursday:
AIG - The insurance and financial services company posted earnings of $1.34 a share on sales of $8.56 billion. Analysts expected the company to post earnings of 87 cents a share on sales of $8.64 billion. Shares rose in extended-hours trading.
(Read More: S&P Sets Fresh High; Dow Soars 130, Nasdaq Up 1%)
LinkedIn - The social networking website posted earnings of 45 cents a share, excluding one-time items, on sale of $325 million, exceeding Wall Street expectations for 31 cents a share on revenue of $317 million. But the company handed in a weaker-than-expected current-quarter revenue guidance, sending shares sharply lower in extended-hours trading.
Gilead Sciences - The biotechnology company posted earnings of 48 cents a share, excluding one-time items, on sales of $2.53 billion, falling short of expectations for 50 cents a share on revenue of $2.58 billion. Shares edged lower in extended-hours trading.
Hain Celestial - The kosher and organic food company posted earnings of 72 cents a share, matching Wall Street expectations, on revenue of $456 million, missing expectations for $481 million. In addition, the company handed in a full-year revenue guidance that missed expectations, sending shares lower in extended-hours trading.
Kraft Foods - The food processing conglomerate posted earnings of 76 cents a share on revenue of $4.55 billion, topping expectations for 64 cents a share on sales of $4.48 billion. In addition, the company reaffirmed its full-year earnings guidance of $2.75 a share, versus Wall Street expectations for $2.78 a share. Shares edged higher in extended-hours trading.
Sunpower - The solar energy company prematurely released earnings ahead of the closing bell that easily topped expectations. The company was initially scheduled to post earnings after the closing bell. Shares continued to trade higher in extended-hours trading after spiking following the earnings release.
OpenTable - The restaurant reservation website posted earnings of 45 cents a share, excluding one-time items, edging past expectations by 2 cents a share, while revenue was in line at $46 million. In addition, the company handed in current-quarter and full-year earnings outlook that matched forecasts, while current-quarter revenue guidance was slightly lighter than expected. Shares wobbled in extended-hours trading.
Arena Pharmaceuticals - The biopharmaceutical company posted a loss of 9 cents a share, disappointing analysts who had expected a gain of 9 cents a share. Meanwhile, the firm reported sales of $2.4 million, up 8 percent from the same quarter a year ago. Shares plunged in extended-hours trading.
Weatherford International - The oil and natural gas service company posted earnings of 15 cents a share, matching expectations, on sales of $3.84 million, missing forecasts for $3.90 million. Shares were flat in extended-hours trading.
Tempur-Pedic - The mattress maker posted earnings of 62 cents a share on revenue of $390 million, topping expectations for 61 cents a share on sales of $348 million. In addition, the company handed in full-year revenue guidance that missed estimates. Shares edged higher in extended-hours trading.