After-hours buzz: Ascena, Crown Holdings, AAR & more
Check out which companies are making headlines after the bell Tuesday:
Ascena Retail - The parent company of Dress Barn and Lane Bryant posted earnings of 34 cents a share, ex-items, on sales of $1.20 billion, easily exceeding Wall Street expectations for 20 cents a share on revenue of $1.16 billion. In addition, the company handed in full-year earnings guidance that topped current expectations. Shares surged in extended-hours trading.
Crown Holdings - The maker of beverage and food cans said it expects to post third-quarter earnings of between $1.05 a share and $1.10 a share, below its previously-announced guidance and lower than current expectations for $1.21 a share. The company said its revised outlooks primarily reflect lower than expected end-user demand in certain of the company's markets, including European food cans and North American beverage cans. Crown Holdings is expected to post its full third-quarter results on Oct. 16. Shares slumped in extended-hours trading.
AAR - The aviation support company posted earnings of 45 cents, in line with expectations, on revenue of $515 million, missing estimates for $542 million. Shares slumped in extended-hours trading.
Maiden Holdings - The property and casualty insurance company will offer $135 million of mandatory convertible preference shares through Goldman Sachs, Morgan Stanley and Merrill Lynch. Shares declined in extended-hours trading.
Clovis Oncology - The biopharmaceutical company has received no interest after seeking a buyer, according to a Bloomberg report, sending shares lower in extended-hours trading. Credit Suisse was working with the company in September on a possible sale.