After-Hours Buzz: Yum Brands, Apollo Group, PriceSmart & More
Check out which companies are making headlines after the bell Wednesday:
Yum Brands - The parent company of Pizza Hut and KFC posted earnings of 56 cents a share, excluding one-time items, on revenue of $2.9 billion against expectations for 54 cents a share on sales of $2.93 billion. Meanwhile, the company reaffirmed its earnings growth for year and said it expects same-store sales in China to be positive in the fourth quarter. Shares climbed in extended-hours trading.
Apollo Group - The for-profit education company said the University of Phoenix was notified by higher learning commission that its accreditation was reaffirmed through 2022 to 2023, in an SEC filing. Shares rallied in extended-hours trading.
PriceSmart - The membership warehouse club operator posted earnings of 61 cents a share on revenue of $572 million, versus expectations for 64 cents a share on sales of $569 million. Shares dipped in extended-hours trading.
Zumiez - The teen apparel retailer said its same-store sales edged up 1 percent in June, missing expectations for a gain of 1.6 percent, according to StreetAccount. Shares declined in extended-hours trading.
Walgreen - The drugstore chain increased its quarterly dividend by 14.5 percent to 31.5 cents from 27.5 cents. Shares were largely flat in extended-hours trading.
Susquehanna initiated coverage of Priceline.com with a "positive" rating and started coverage of Expedia and Orbitz with a "neutral" rating. Meanwhile, the brokerage started coverage of TripAdvisor with a "negative" recommendation.
Susquehanna also initiated coverage of Internet companies Amazon.com, Google, LinkedIn and Pandora with a "positive" rating, while started coverage of Facebook and Yahoo with a "neutral" recommendation. In addition, the company resumed its "positive" rating on Ebay.