After-Hours Buzz: Gap, Pandora, Salesforce.com & More
Check out which companies are making headlines after the bell Thursday:
Retailer Gap reported first-quarter earnings of 71 cents per share, beating forecasts for 69 cents, as same-store sales rose 2 percent. Shares were lower in extended hours trading.
Pandora shares jumped in after-hours trading. The online music-streaming service reported a first-quarter loss of 10 cents a share on revenue of $128.5 million. Analysts had expected a loss of 10 cents a share on $124 million in revenue. For the second quarter, Pandora forecast between a loss of 2 cents and a profit of 1 cent on revenue of $155 million to $160 million, above expectations.
Cloud-software company Salesforce.com printed first-quarter earnings of 10 cents per share, matching Street forecasts. Revenue came in at $893 million. Shares are lower in late trading after the company said earnings for the second-quarter would be 11 cents to 12 cents per share, versus forecasts for 12 cents.
Chip maker Marvell beat forecasts for the first quarter, posting adjusted earnings of 19 cents per share on revenue of $734 million. Analysts were looking for earnings of 14 cents per share on revenue of $722 million. Shares jumped in late trading.
Sears shares fell more than 10 percent after-hours after the retailer reported an adjusted loss of $1.29 a share on revenue of $8.45 billion. Analysts had expected the company to report a loss of 60 cents per share on $8.37 billion in revenue.
Teen apparel retailer Aeropostale swung to a first-quarter loss of 16 cents per share, as same-store sales fell 14 percent and overall sales dropped 9 percent to $452.3 million. Analysts were looking for a loss of 17 cents per share. The retailer anticipates a second-quarter loss of 15 to 20 cents per share.
Ross Stores, an off-price retailer, posted earnings of $1.07 per share for the first quarter, meeting Wall Street forecasts. The retailer also expects second-quarter earnings of 89 cents to 93 cents per share versus Street estimates for 91 cents per shares.