After-Hours Buzz: Merck, Saks, Intuit, NetApp & More
Check out which companies are making headlines after the bell Tuesday:
Shares of Saks soared in late trading on a New York Post report the company has hired Goldman Sachs to explore a possible sale.
Merck shares are higher after the pharma giant announced an accelerated $5 billion share repurchase.
Tax software firm Intuit reported fiscal third-quarter earnings excluding items of $2.97 per share on revenue of $2.18 billion. For the current quarter, Intuit sees adjusted earnings of 3 cents to 7 cents per share, below Street forecasts. The stock was modestly higher in extended hours trading.
Shares of NetApp, a data storage equipment maker, were up sharply in extended hours trading. The company posted fiscal fourth-quarter earnings excluding items of 69 cents per share on revenue of $1.72 billion. Earnings beat Street forecasts but revenue was light. Current quarter guidance was also below guidance, but NetApp initiated a dividend and expects to buy $3 billion of stock over the next three years.
Analog Devices shares fell in after-hours trading after the company posted fiscal second-quarter earnings of 52 cents per share on revenue of $659 million. Revenue was just below Street forecasts but earnings were in line. For the third quarter, the integrated circuits manufacturer sees earnings of 51 cents to 56 cents per share, below forecasts for 57 cents per share.
Compuware shares rose in late trading after the company posted fourth-quarter earnings of 5 cents per share, matching Street forecasts. The software solutions provider issued full-year guidance of 35 to 37 cents per share on revenue of about $1 billion.