After-hours buzz: Bed Bath & Beyond, Jabil & more
Check out which companies are making headlines after the bell Wednesday:
Bed Bath & Beyond - The home furnishings retailer posted earnings of $1.16 on revenue of $2.82 billion, edged past expectations for $1.15 a share on sales of $2.81 billion. In addition, the company handed in current-quarter earnings guidance that was in the upper end of expectations. Shares rose in extended-hours trading.
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Jabil Circuit - The electronics manufacturer posted earnings of 56 cents a share, excluding one-time items, on revenue of $4.8 billion, topping forecasts for 54 cents a share on sales of $4.51 billion. But the company handed in current-quarter earnings and revenue guidance that disappointed Wall Street analysts, sending shares lower in extended-hours trading. Rival Flextronics also edged lower in extended-hours trading.
Citigroup - The financial giant agreed to pay mortgage lender Freddie Mac $395 million to resolve potential future mortgage repurchase claims. Citigroup shares were flat in extended-hours trading.
Campbell Soup - The canned soup maker increased its quarterly dividend to 31.2 cents from 29 cents a share. Shares were unchanged in extended-hours trading.
Caesars Entertainment - The casino and hotel operator announced a 10 million share secondary offering through Credit Suisse. Shares slid in extended-hours trading.
Gilead Sciences - The pharmaceutical company said the European Commission has approved marketing authorization of Tybost, a drug that enhances the function of HIV medications. Shares toggled around the flatline in extended-hours trading.
Wesport Innovations - The alternative fuel developer announced a 6 million share offering though Morgan Stanley, Jefferies and Deutsche Bank. Shares declined in extended-hours trading.
Ares Capital - The investment company announced a 11 million share offering through Morgan Stanley, Bank of America Merrill Lynch and Wells Fargo. Shares fell in extended-hours trading.