After-hours buzz: American Eagle, Washington Post, DSW & More
Check out which companies are making headlines after the bell Monday:
American Eagle Outfitters - The teen apparel retailer cut its earnings guidance for the second quarter to 10 cents a share, disappointing analysts' expectations for 21 cents a share, citing weaker-than-expected sales. Shares plunged sharply in extended-hours trading.
Washington Post - The newspaper company announced that it has signed a contract to sell its publishing businesses for $250 million, including The Washington Post newspaper to Amazon.com CEO Jeffrey Bezos. The deal is expected to close later this year. Shares rose in extended-hours trading.
McDermott International - The engineering company reported a loss of 63 cents a share on revenue of $647 million, sharply missing Wall Street forecasts for a gain of 3 cents a share on sales of $758 million. Shares tumbled in extended-hours trading.
DSW - The footwear retailer raises full-year outlook to between $3.60 and $3.80 a share versus estimates for $3.59 a share. In addition, the company said it expects to hand in sales of $585 million in the second quarter versus expectations for $568 million. The company also announced a 2-for-1 stock split. Shares rose in extended-hours trading.
General Motors - The automaker announced a secondary offering of 45.5 million warrants for holder UAW through Deutsche Bank. Shares slipped in extended-hours trading.
BMC Software - The business service management software maker posted earnings of 77 cents a share on sales of $484 million, missing expectations for 79 cents a share on revenue of $528 million. Shares were largely flat in extended-hours trading.
Angie's List - The consumer review website announced it has acquired online start-up BrightNest in a $2.7 million deal.
Rosetta Resources - The oil and natural gas company posted earnings of 88 cents a share on sales of $237 million, versus estimates for 88 cents a share on revenue of $217 million. Shares were largely unchanged in extended-hours trading.
Alliant Techsystems - The aerospace and defense products supplier is in advanced talks to buy Bushnell Outdoor Products in a deal worth nearly $1 billion, according to a Reuters report, citing sources familiar with the matter. Shares were unchanged in extended-hours trading.
Deere - The agricultural machinery manufacturer was downgraded to "underperform" from "market perform" at William Blair. Shares dipped in extended-hours trading.
Thor Industries - The maker of RVs reported preliminary fourth-quarter sales of $1.02 billion, versus estimates for $995 million. The company is scheduled to post its quarterly results at the end of September. Shares were unchanged in extended-hours trading.