After-Hours Buzz: Urban Outfitters, TiVo, Carnival & More
Check out which companies are making headlines after the bell Monday:
Urban Outfitters - The apparel retailer posted earnings of 32 cents a share on revenue of $648 million. Analysts expected the company to post earnings of 29 cents a share on sales of $656 million. Shares dipped in extended-hours trading.
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TiVo - The DVR company posted a loss of 9 cents a share, topping expectations for a loss of 14 cents a share, on revenue of $62 million, matching expectations. In addition, the company handed in a current-quarter sales guidance that edged past expectations. Shares edged higher in extended-hours in after-hours trading.
Carnival - The cruise company slashed its full-year outlook, citing higher costs, pricing pressures and cancellations, saying it now expects to see earnings of between $1.45 a share and $1.65 a share, falling short of current Wall Street estimates for $1.98 a share. Shares slumped in extended-hours trading.
Fresh Market - The supermarket chain named Jeffrey Ackerman as the company's executive vice president an CFO. Ackerman was previously the executive vice chairman and CFO and Sealy Corporation.
Dell - S&P cut its credit rating on the tech company by two notches to "BBB" from "A-minus," outlook negative.
T. Rowe Price - The investment management company was upgraded to "outperform" from "market perform" at Bernstein with a price target of $95.