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After-hours buzz: Verizon, Palo Alto Networks & more

Check out which companies are making headlines after the bell Monday:

Shares of Verizon edged up in late trading after it announced a multi-tranche bond deal consisting of three-year fixed and floating notes, five-year fixed and floating notes and four fixed rate tranches with seven-, 10-, 20- and 30-year maturities. Pricing is expected on Wednesday.

Network security firm Palo Alto Networks posted fourth-quarter earnings excluding items of 6 cents per share, meeting Street forecasts. Revenue rose 49 percent to $112.4 million from a year earlier. The stock dropped in late trading.

PVH shares were lower after the company's third-quarter guidance disappointed the Street. The apparel maker forecast earnings of $2.20 per share, 8 cents below current estimates. Second-quarter earnings excluding items were $1.39 a share, beating Street forecasts for $1.37 per share.

Shares of teen retailer Five Below surged in late trading, after the company posted fiscal second-quarter earnings of 11 cents per share excluding items on revenue of $117.1 million. Same-store sales increased 6.6 percent. Analysts were looking for earnings of 9 cents per share. The company also sees third-quarter earnings of 3 cents to 4 cents per share on revenue of $107 million to $109 million.

Convenience store operator Casey's General Stores was sharply lower in late trading. The retailer posted earnings of $1.43 per share on revenue of $2.11 billion. Results were helped by strong gasoline sales. Same-store sales rose 6.1 percent.

Pep Boys posted earnings of 10 cents per share for the second quarter, missing Street forecasts for 19 cents per share as same-store sales dropped 1.3 percent. The stock dropped in late trading.

In other news, Starwood Property Trust will offer 25 million shares in a public offering. The proceeds will be used to originate and purchase additional commercial mortgage loans and other investments. The stock fell in late trading.

By CNBC's Justin Menza. Follow him on Twitter @JustinMenza.

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

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