After-Hours Buzz: H&R Block, Safeway, PVH & More
Check out which companies are making headlines after the bell Wednesday:
H&R Block - The tax preparer posted earnings of $2.42 a share on revenue of $2.20 billion, missing forecasts for $2.61 a share on revenue of $2.28 billion. Shares declined in extended-hours trading.
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Safeway - The grocery store chain announced it will sell its Canadian operations to Sobeys for C$5.8 billion (US$5.7 billion) in cash. The company expects to close the transaction in the fourth quarter. Shares spiked higher in extended-hours trading. Rivals Kroger and Supervalu also rallied in extended-hours trading following the news.
PVH - The parent company of Tommy Hilfiger and Calvin Klein posted earnings of $1.91 a share, excluding one-time items, easily topping expectations for $1.35 a share, with revenue in line with estimates at $1.9 billion. In addition, the company handed in current-quarter revenue guidance that exceeded expectations. Shares soared in extended-hours trading.
Men's Wearhouse - The men's clothing retailer posted earnings of 65 cents a share, exceeding Wall Street estimates by a dime, on revenue of $617 million, topping forecasts for $605 million. In addition, the company handed in full-year earnings that were in line with expectations. Shares were largely unchanged in extended-hours trading.
Five Below - The discount store chain posted earnings of 5 cents a share, excluding one-time items, on sales of $96 million, edging past projections for 4 cents a share on revenue of $94 million. In addition, the company handed in current-quarter guidance that topped estimates, sending shares sharply higher in extended-hours trading.
Yahoo - The Internet company acquired Ghostbird Software, a mobile photo software company. Financial terms of the deal were not immediately disclosed. Shares were largely unchanged in extended-hours trading.
AutoZone - The automotive parts retailer announced an additional stock buyback program of $750 million. Shares edged higher in extended-hours trading.
C.R. Bard - The medical equipment manufacturer boosted its quarterly dividend by 5 percent to 21 cents a share and authorized a $500 million share repurchase program. Shares edged higher in extended-hours trading.
Skyworks - Raymond James assumed coverage of the semiconductor company with an "outperform" rating with a price target of $29. Shares edged higher in extended-hours trading.