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After-hours buzz: URBN, ARO, RAX & more

Check out which companies are making headlines after the bell Monday:

Urban Outfitters - The retailer handed in second-quarter earnings that met Wall Street expectations, while revenue topped expectations by $6 million. But shares slumped in extended-hours trading as same-store-sales fell some 10 percent.

Aeropostale - The apparel maker said sales at comparable stores plunged 13 percent during the second quarter. But the company forecast a second-quarter adjusted loss of between 42 cents per share and 45 cents per share, versus projections of a loss of 58 cents per share. Separately, CEO Thomas Johnson announced that he will step down from his role effectively immediately. Shares rallied more than 10 percent.

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Rackspace Hosting - The stock gained in after-hours trading after billionaire activist investing firm Blue Harbour disclosed an approximate 6.5 percent stake in the cloud computing company.

Jumei International - The online cosmetics retailer said it earned 13 cents per share in the second quarter, beating Street expectations by a penny a share. The company topped sales projections as well with $154 million in revenue, versus expectations of $150 million. But shares fell in extended-hours trading.

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PDL BioPharma - The stock rallied after the pharmaceutical firm reported second-quarter earnings of 52 cents per share on $163 million in revenue, up about 10 percent from $148.5 million a year ago.

—By CNBC's Karma Allen

Questions? Comments? Email us at marketinsider@cnbc.com

  • Patti Domm

    Patti Domm is CNBC Executive Editor, News, responsible for news coverage of the markets and economy.

  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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  • JeeYeon Park is a writer for CNBC.com. Follow her on Twitter: @JeeYeonParkCNBC

  • Rick Santelli joined CNBC Business News as an on-air editor in 1999, reporting live from the floor of the Chicago Board of Trade.

  • Senior Producer at CNBC's Breaking News Desk.