After-hours buzz: Global Payments, Allstate, Apple & more
Check out which companies are making headlines after the bell Tuesday:
Global Payments - The electronic transaction processor posted earnings of $1 a share on sales of $630 million, topping expectations for 95 cents a share on revenue of $624 million. In addition, the company raised its full-year 2014 expectations to above estimates. Separately, the company named Jeffrey Sloan as its new CEO, effective immediately. Shares bounced higher in extended-hours trading.
Allstate - Keefe, Bruyette & Woods upgraded the insurance company to "outperform" from "market perform." The brokerage also lifted its price target on the firm to $62 from $54. Shares climbed in extended-hours trading.
Apple - The iPhone maker continued to tick higher in extended-hours trading after rallying more than 2 percent in the regular session. Earlier, billionaire investors Carl Icahn tweeted that he "pushed hard" for a $150 billion buyback from Apple when he met with CEO Tim Cook on Monday evening.
Cirrus Logic - The tech company announced it has acquired Acoustic Technologies, though financial terms of the deal were not immediately available. Cirrus Logic ticked higher in extended-hours trading.
Omega Healthcare Investors - The real estate investment trust announced a $75 million common stock offering through Jefferies. Shares declined in extended-hours trading.
Intercept Pharmaceuticals - The biopharmaceutical company filed a $115 million secondary offering for shareholders through Bank of America. Shares slipped in extended-hours trading.
Teekay LNG Partners - The natural gas transportation company filed a 3 million unit secondary offering. Underwriters include Citigroup, BofA, Credit Suisse, UBS, RBC Capital Markets, Raymond James and Wells Fargo. Shares fell in extended-hours trading.