After-Hours Buzz: Korn/Ferry, Host Hotels, Campbell Soup & More
Check out which companies are making headlines after the bell Monday:
Korn/Ferry International - The executive search firm posted earnings of 32 cents a share, excluding one-time items, edging past expectations by a penny a share. Revenue of $239 million topped estimates for $224 million. In addition, the company said it expects to see current-quarter earnings above Wall Street forecasts. Shares rallied in extended-hours trading.
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Host Hotels & Resorts - The lodging real estate investment trust boosted its quarterly dividend by 10 percent to 11 cents a share. Shares were largely unchanged in extended-hours trading.
Campbell Soup - The canned soup maker announced it will buy snack manufacturer Kelsen Group, but financial terms of the acquisition were not immediately available. Shares edged higher in extended-hours trading.
Valeant Pharmaceuticals - The pharmaceutical company filed a $1.75 billion secondary offering through Goldman Sachs and Goldman Sachs Canada. Shares declined in extended-hours trading.
Genmark Diagnostics - The molecular diagnostics company slashed its full-year revenue guidance to $30 million from a previous expectation of $35 million and disappointing analysts who had expected $35 million. Shares tumbled in extended-hours trading.
Rambus - The technology licensing company signed a license agreement with STMicroelectronics. Separately, the company narrowed its second-quarter revenue guidance to between $56 million and $58 million, largely in line with Wall Street expectations for $57 million. The company additionally said it will be reversing a prior accrual included in operating expenses, related to previously awarded costs of $8 million in litigation expenses from last week's Hynix settlement announcement.
Ship Finance - The shipping company announced an 8 million share secondary offering through Morgan Stanley. Shares edged lower in extended-hours trading.