After-Hours Buzz: FedEx, Zynga, Verint Systems & More
Check out which companies are making headlines after the bell Monday:
FedEx - The package delivery company raised its quarterly dividend by a penny, to 15 cents a share. Shares were largely unchanged in extended-hours trading.
(Read More: Stocks End at Highs, All S&P Sectors Up; ZNGA Skids)
Zynga - The social video game maker continued to slide in extended-hours trading after the company announced it would lay off 520 employees, or 18 percent of its workforce, in an effort to reduce costs and restructure its business.
General Motors moved higher on news it will replace HJ Heinz in the S&P 500 and 100 indexes. Meanwhile, AIG will replace Baker Hughes in the S&P 100 index. Baker Hughes will remain in the S&P 500. The changes will be made after the close of trading on Thursday.
Verint Systems - The security software and hardware company posted earnings of 44 cents a share, excluding one-time items, on sales of $205 million, versus expectations for 52 cents a share on revenue of $203 million. The company also handed in full-year guidance largely in line with expectations. Shares declined in extended-hours trading.
SAIC - The aerospace and defense company reported earnings of 23 cents a share on sales of $2.71 billion, versus expectations for 25 cents a share on revenue of $2.59 billion. Shares slipped in extended-hours trading.
ABM Industries - The the building maintenance and facility management company posted earnings of 36 cents a share, edging past expectations by 3 cents a share, while revenue fell slightly short of estimates. But the company raised its full-year earnings guidance, sending shares higher in extended-hours trading.
G-III Apparel - The apparel manufacturer posted earnings of 5 cents a share on sales of $273 million, easily outstripping expectations for a loss of 5 cents a share on revenue of $268 million. In addition, the company raised its full-year earnings and revenue guidance, sending shares sharply higher in extended-hours trading.
Qlik Technologies - The software company named Tim MacCarrick as its new CFO. Shares were largely unchanged in extended-hours trading.