Hess hiked its quarterly dividend 150 percent to 25 cents per share. John Hess, the company's CEO said in a statement, "Our transformation into a pure play exploration and production company allows us to increase cash returns to shareholders." The stock rose in late trading.
Warner Chilcott shares edged higher in after-hours trading after the company and Mayne Pharma entered into a settlement with Mylan Labs to resolve Mylan's damages claim under a $36 million bond posted by the two companies in September 2011 in connection with patent infringement litigation against Mylan.
Pozen shares surged after it signed a license agreement with Sanofi for the commercialization of some of Pozen's aspirin therapies.
Turning to earnings, Greif, which makes industrial packaging products, reported fiscal third-quarter earnings of 80 cents per share on revenue of $1.13 billion. Results were below Street forecasts. The company also backed its fiscal 2013 earnings before interest, taxes, depreciation and amortization forecast of $475 million to $500 million.
NCI Building Systems, which makes metal products for the non-residential construction industry, dropped in late trading. The company earned 2 cents per share excluding items, beating forecasts for a loss, but revenue came in below Street expectations. The company also said it is unlikely the market will recover sufficiently to post annual growth in volume.