After-hours buzz: Nike, Accenture, JCPenney & more
Check out which companies are making headlines after the bell Thursday:
Nike - The sports apparel retailer posted earnings of 86 cents a share, exceeding Wall Street estimates for 78 cents a share, while revenue was in line with expectations at $6.97 billion. Shares rallied in extended-hours trading. Smaller rivals Under Armour and Foot Locker also edged higher in extended-hours trading following the report.
Accenture - The IT and management consulting company posted earnings of $1.01 a share, matching expectations, on sales of $7.09 billion, topping estimates for $6.90 billion. But the company handed in current-quarter revenue guidance that was lighter than expected. In addition, the company raised its semi-annual cash dividend by 16 percent to 93 cents a share and announced a $5 billion buyback. Shares were slightly lower in extended-hours trading.
JCPenney - The retailer announced 84 million share secondary offering, sending shares sharply lower in extended-hours trading.
Separately, the troubled clothing company's controller Mark Sweeney has left the retailer as of last Friday, according to the firm's 8-K filing. In addition, Dennis Miller, the company's senior vice president of finance, will service as the firm's interim principal accounting officer.
Thor Industries - The RV maker posted earnings of $1.09 a share on sales of $914 million, versus expectations for 95 cents a share on revenue of $965 million. Shares ticked higher in extended-hours trading.
PetSmart - The pet products supplier boosted its quarterly dividend by 18 percent to 19.5 cents and authorized a new $535 million stock repurchase program. Shares were largely unchanged in extended-hours trading.
Marathon Petroleum - The oil refiner approved an additional $2 billion share repurchase program. Shares nudged higher in extended-hours trading.
United Natural Foods - The natural and organic foods distributor announced it will buy Trudeau Foods. Financial terms of the agreement were not immediately available. Shares were unchanged in extended-hours trading.
Netgear - The computer networking equipment manufacturer was initiated with an "outperform" rating at Raymond James with a $35 price target. Shares rose in extended-hours trading.