After-Hours Buzz: Lululemon, Texas Instruments, Corinthian Colleges & More
Check out which companies are making headlines after the bell Monday:
Lululemon Athletica - The yoga apparel retailer posted earnings of 32 cents a share on revenue of $346 million, edging past expectations for 30 cents a share on sales of $341 million. In addition, the company handed in current-quarter guidance that exceeded Wall Street consensus. But shares slumped in extended-hours trading after the company announced its CEO Christine Day will step down.
(Read More: Stocks End Flat in Choppy Session; Apple Slips)
Corinthian Colleges - The for-profit education company received a subpoena from the SEC, according to an 8k filing. In a letter accompanying the subpoena, the SEC stated that it is conducting an investigation of the company. Shares declined after being temporarily halted in extended-hours trading.
Texas Instruments - The chipmaker said it expects to earnings of between 39 cents a share and 43 cents a share on revenue of between $2.99 billion and $3.11 billion in the second quarter, against current estimates for 42 cents a share on sales of $3.06 billion. Shares slipped in extended-hours trading.
Diamond Foods - The packaged food company posted earnings of 5 cents a share on sales of $185 million, outstripping expectations for a loss of 17 cents a share on revenue of $176 million. But, the company warned it expects fourth-quarter sales to be down more than the third quarter. Shares were halted in extended-hours trading.
General Mills - The food processing company raised its fiscal 2013 earnings guidance to between $2.68 a share and $2.69 a share. But the new guidance was still below current expectations for $2.70 a share. Shares edged higher in extended-hours trading.
Annie's - The natural and organic products maker posted earnings of 29 cents a share on revenue of $53 million, topping estimates for 28 cents a share on sales of $51 million. Meanwhile, the company posted full-year earnings guidance that was in the lower end of the expected range, sending shares slightly lower in extended-hours trading.
PepBoys - The auto services giant posted earnings of 7 cents a share on revenue of $536 million. Analysts expected the company to post earnings of 9 cents a share on sales of $533 million. Shares ticked higher in extended-hours trading.
United Continental - The airline company said its May 2013 consolidated traffic decreased 0.8 percent and consolidated capacity fell 1.7 percent against the same period a year ago. Shares slipped in extended-hours trading.
CYS Investments - The real estate investment trust increased its quarterly dividend by 6.3 percent to 34 cents a share from 32 cents a share. Shares edged higher in extended-hours trading.
Thor Industries - The RV manufacturer named current president and COO Bob Martin as the company's new CEO, effective Aug. 13. Martin will be succeeding Peter Orthwein, who will remain executive chairman of the board. Stocks were unchanged in extended-hours trading.