After-hours buzz: HP, Priceline, Groupon & more
Check out which companies are making headlines after the bell Thursday:
Hewlett-Packard - The technology company posted a profit of 90 cents a share, ex-items, on revenue of $28.15 billion, topping expectations for 84 cents a share on sales of $27.19 billion. In addition, HP raised the lower end of its full-year guidance. Shares edged higher in extended-hours trading.
Priceline.com - The travel website reported a profit of $8.85 a share, ex-items, on sales of $1.54 billion, exceeding expectations for $8.29 a share on sales of $1.52 billion. But the company handed in a weaker-than-expected current-quarter earnings guidance. Still, shares gained in extended-hours trading.
Groupon - The daily deals website reported a profit of 4 cents a share, ex-items, on revenue of $768 million, topping estimates for 2 cents a share on sales of $718 million. In addition, the company handed in current-quarter revenue guidance that exceeded forecasts. But current-quarter earnings outlook was below expectations, sending shares lower in extended-hours trading after an initial spike.
Nordstrom - The upscale department store chain posted a profit of $1.37 a share on revenue of $3.61 billion. Analysts expected the company to post earnings of $1.33 a share on sales of $3.72 billion. Meanwhile, the company handed in a disappointing current-quarter and full-year earnings outlook, sending shares lower in extended-hours trading.
Marvell Technology - The semiconductor company posted a profit of 29 cents a share, ex-items, on sales of $932 million, topping expectations for 25 cents a share on sales of $901 million. In addition, the company handed in earnings and revenue guidance that beat forecasts. Separately, the company named Michael Rashkin as permanent CFO. Rashkin has served as the company's interim CFO since December 2013. Still, shares were lower in extended-hours trading.
Express Scripts - The pharmacy benefit management organization posted earnings of $1.12 a share, matching expectations, on revenue of $25.78 billion, edging past forecasts for $25.37 billion. But the company handed in first-quarter earnings guidance that were lighter than expected, sending shares slightly lower in extended-hours trading.
Allscripts - The health-care IT company reported earnings of 8 cents a share, in line with estimates, on revenue of $351 million, beating expectations for $343 million. Shares rose in extended-hours trading.
Aruba Networks - The computer networking company reported a profit of 18 cents a share, ex-items, on revenue of $176 million, edging past estimates for 17 cents a share on sales of $168 million. In addition, Aruba announced an additional $200 million share repurchase authorization. Shares rallied in extended-hours trading.
Juniper Networks - The technology company declared a quarterly dividend of 10 cents a share and authorized a $2 billion share repurchase program. In addition, the company said it will name two independent directors to its board. Shares rose in extended-hours trading.
ITT - The manufacturing conglomerate increased its quarterly dividend by 10 percent to 11 cents a share from 10 cents a share. Shares were unchanged in extended-hours trading.
Lorillard - The tobacco company lifted its quarterly dividend by 12 percent to 61.5 cents a share from 55 cents a share. Shares were unchanged in extended-hours trading.