GO
Loading...

Stocks to Watch: CRM, MRVL & More

Check out which companies are making headlines after-the-bell Thursday:

Moody's announced it downgraded 16 Spanish banks in addition to UK's Santander . The ratings agency said the downgrades are due to adverse operating conditions amid Spain's renewed recession and unfavorable economic environment.

U.S.-listed shares of European banks including Barclays and Deutsche Bank were trading lower. Meanwhile, large U.S. financials including JPMorgan , Citigroup and Morgan Stanley were trading mixed. (Click here for after-hours quotes.)

Facebook priced its historic IPO at $38 a share, at at the high end of the expected range of $34-$38, becoming the largest internet IPO in history. Facebook is set to begin trading Friday at around 11 am ET on the Nasdaq under the ticker “FB.” Other social network companies including Zynga , LinkedIn and Renren were trading mixed. (Click here for after-hours quotes.)

Boston Scientific - The medical device maker announced it received FDA approval and U.S. launch of its Epic Vascular stent, which is designed to open blocked arteries in patients with iliac artery stenosis. The stock jumped in extended-hours trading. (Click here for after-hours quotes.)

Aeropostale - The teen apparel retailer posted earnings of 13 cents a share, in line with Wall Street expectations. Meanwhile, the firm handed in guidance that came in on the lower end of expectations, pushing shares lower in extended-hours trading. (Click here for after-hours quote.)

Applied Materials - The tech firm posted earnings of 27 cents a share on revenue of $2.54 billion, exceeding expectations for 24 cents a share on sales of $2.40 billion. Shares edged higher in extended-hours trading. (Click here for after-hours quote.)

Gap - The clothing retailer posted earnings of 47 cents a share on revenue of $3.49 billion, edging past expectations for 46 cents a share on sales of $3.48 billion. The firm also handed in a full-year guidance that mostly came in line with expectations. Still, shares were slightly lower in extended-hours trading. (Click here for after-hours quote.)

Marvell Tech - The semiconductor company posted earnings of 23 cents a share, excluding one-time items, on revenue of $796 million, beating expectations for 20 cents a share on sales of $769 million. Shares rallied in extended-hours trading. (Click here for after-hours quote.)

Intuit - The software company posted earnings of $2.51 a share, excluding one-time items, on revenue of $1.95 billion. Analysts were expecting a profit of $2.48 a share on sales of $1.96 billion. Meanwhile, the firm handed in a full-year revenue outlook that came in below estimates, sending shares lower in extended-hours trading. (Click here for after-hours quote.)

Salesforce.com - The cloud-computing company posted earnings of 37 cents a share, ex-items, on revenue of $695 million, topping projections for 34 cents a share on revenue of $678 million. In addition, the firm raised its current quarter and 2013 full-year revenue guidance, sending shares sharply higher in extended-hours trading. (Click here for after-hours quote.)

Zumiez - The specialty apparel store posted earnings of 14 cents a share on revenue of $130 million, edging past expectations for 11 cents a share on revenue of $129 million. Shares edged higher in extended-hours trading. (Click here for after-hours quote.)

Kinder Morgan will replace El Paso on the S&P 500 index after the close on May 24. Kinder Morgan is acquiring El Paso in a deal expected to be completed around that date. (Click here for after-hours quotes.)

—By CNBC’s JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

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

Symbol
Price
 
Change
%Change
AMAT
---
ARO
---
BARC
---
BSX
---
C
---
CRM
---
DBK
---
GPS
---
INTU
---
JPM MLP ETN
---
MRVL
---
MS
---
SAN
---
ZUMZ
---
KINDER MORG
---
LINKEDIN
---
RENREN
---
ZYGNA
---

Featured

  • 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.

  • CNBC Senior Commodities Correspondent and Personal Finance Correspondent

  • 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.