After-Hours Buzz: Bed Bath & Beyond, Progress Software, Dish Network & More
Check out which companies are making headlines after the bell Wednesday:
Bed Bath & Beyond - The domestic merchandise retail store chain posted earnings of 93 cents a share, in line with expectations on revenue of $2.61 billion, edging past forecasts for $2.60 billion. Meanwhile, the company handed in current-quarter earnings guidance that matched projections, while full-year profit outlook was slightly below estimates. Shares edged higher in extended-hours trading.
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Progress Software - The business application infrastructure software company posted earnings of 27 cents a share on revenue of $82 million, easily exceeding Wall Street projections for 22 cents as hare on sales of $79 million. In addition, the company announced plans to complete an additional $100 million share repurchase by the end of the year. Shares jumped in extended-hours trading.
Paychex - The human resource service company posted earnings of 38 cents a share on revenue of $585 million, against estimates for 37 cents a share on sales of $586 million. Shares declined in extended-hours trading.
Dish Network - The broadcast satellite service provider announced it withdrew its tender offer to acquire Clearwire, almost a week after Sprint raised its offer for the wireless company. Clearwire shares slipped in extended-hours trading, while Dish shares were largely unchanged.
Worthington - The diversified metals manufacturing company increased its quarterly dividend by 15 percent to 15 cents a share from 13 cents a share. Shares were largely unchanged in extended-hours trading.
Macy's - The department store chain was initiated with a "buy" rating and a price target of $55 a share at Stifel Nicolaus. Shares ticked higher in extended-hours trading.