After-Hours Buzz: Oracle, Tibco, Medtronic & More
Check out which companies are making headlines after the bell Thursday:
Oracle - The enterprise software company posted earnings of 87 cents a share, in line with expectations, on revenue of $11 billion, slightly missing estimates for $11.12 billion. The company raised its quarterly dividend to 12 cents a share from 6 cents a share and authorized a $2 billion share buyback program. In addition, the company said it will transferring trading of its stock to the New York Stock Exchange from the Nasdaq under the same ticker symbol, "ORCL," starting July 15. Shares dropped in extended-hours trading.
(Read More: Stocks Bleed 2%, Dow Ends Down 350 on Fed)
Tibco Software - The software company posted earnings of 18 cents a share, excluding one-time items, in line with estimates, on sales of $246 million, slightly missing forecasts for $247 million. Shares declined in extended-hours trading.
Medtronic - The medical equipment maker increased its quarterly dividend by 7.7 percent to 28 cents a share from 26 cents a share. In addition, the board approved an increase in its share buyback program, authorizing the company to purchase 80 million shares of its common stock. Shares ticked higher in extended-hours trading.
Universal Display - The company said it will change its ticker symbol to "OLED" from "PANL" effective June 24. Shares edged higher in extended-hours trading.
Nike - The sports apparel retailer announced its brand President Charlie Denson will retire next January. Current executive vice president of brand and category management Trevor Edwards will succeed Denson. Shares were largely unchanged in extended-hours trading.
McKesson - The distributor of medical supplies and pharmaceutical products said its CFO Jeff Campbell will leave the company at the end of June to become the CFO of American Express. Shares of both companies were unchanged in extended-hours trading.
W.P. Carey - The corporate financing firm increased its quarterly dividend to 84 cents a share from 82 cents a share. Shares were largely unchanged in extended-hours trading.