After-hours buzz: Dell, AIG, LinkedIn & More
Check out which companies are making headlines after the bell Thursday:
Dell - Founder and CEO Michael Dell and the company's board remain in talks ahead of Friday's deadline, according to sources. The talks focus on a higher bid from Dell in exchange for a change in the voting standard. Dells shares rose in extended-hours trading.
AIG - The insurance and financial-services company posted earnings of $1.12 a share, excluding one-time items, on revenue of $8.35 billion, against estimates for 85 cents a share on sales of $8.62 billion. In addition, the company resumed its dividend of 10 cents a share and launched a buyback program of up to $1 billion. Shares rallied in extended-hours trading.
ActivisionBlizzard - The videogame publisher posted earnings of 8 cents a share, excluding one-time items, on revenue of $608 million, edging past Wall Street estimates for 7 cents a share on sales of $605 million. Meanwhile, the company handed in current-quarter guidance that largely matched estimates, while full-year outlook was slightly lighter than expected. Shares ticked higher in extended-hours trading.
Kraft Foods - The company, whose brands include Oscar Mayer, Miracle Whip and Jell-O, posted earnings of $1.38 a share and reported sales of $4.74 billion, which was slightly short of estimates for $4.81 billion. But the company raised its full-year earnings outlook, sending shares slightly higher in extended-hours trading.
LinkedIn - The professional-networking website posted earnings of 38 cents a share, excluding one-time items, on revenue of $364 million, topping expectations for 31 cents a share on sales of $354 million. However, the company handed in current-quarter and full-year revenue guidance that disappointed analysts. Shares were in positive territory in volatile extended-hours trading.
Weight Watchers - The weight-loss company and packaged-food manufacturer posted earnings of $1.15 a share, excluding one-time items, on sales of $465 million, exceeding Wall Street estimates for $1.11 a share on revenue of $459 million. But the company lowered its full-year earnings outlook. In addition, the company announced that its CEO David Kirchhoff has resigned from his post. Shares tumbled in extended-hours trading.
OpenTable - The restaurant- reservation website posted earnings of 50 cents a share, excluding one-time items, topping expectations by 3 cents a share, while revenue was in line with estimates at $46 million. But the company's current-quarter earnings guidance that missed forecasts, sending shares sharply lower in extended-hours trading.
MercadoLibre - The e-commerce and online auctions company posted earnings of 67 cents a share on sales of $112 million, easily beating expectations for 62 cents a share on revenue of $108 million. Shares surged in extended-hours trading.
Mohawk Industries - The carpet and rug manufacturer posted earnings of $1.84 a share on sales of $1.98 billion, beating estimates for $1.66 a share on revenue of $1.96 a share. In addition, the company handed in current-quarter guidance that topped expectations. Shares rallied in extended-hours trading.