Market Insider

After-hours buzz: Credit Suisse, Urban Outfitters, Orbitz & more


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

Credit Suisse - The Justice Department filed a criminal complaint against the Swiss bank, alleging the bank conspired to help clients evade taxes. Shares slipped in extended-hours trading.

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Urban Outfitters - The clothing retailer posted earnings of 26 cents a share on sales of $686 million. Analysts expected the company to report earnings of 27 cents a share on sales of $680 million. In addition, the company posted flat same-store sales for the quarter. Stocks slid in extended-hours trading.

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Orbitz - The travel website announced a 7.5 million-share secondary offering for holder Travelport through Credit Suisse and Morgan Stanley. Share declined in extended-hours trading.

Michael Kors - Topeka Capital Markets initiated the retailer with a "buy" rating and a $117 price target.

Netflix - Topeka Capital Markets started coverage of the video-streaming company with an "outperform" rating and a $421 price target.

Cheesecake Factory - The restaurant chain entered into an exclusive licensing agreement with Hong Kong's Maxim's Caterers. The agreement provides for the development of a minimum of 14 restaurants over the next 10 years throughout Asia. Shares were largely unchanged in extended-hours trading.

Ocwen Financial - The mortgage loan servicing company appointed Michael Borque as the company's chief financial officer, effective June 2. Prior to joining Ocwen, Bourque spent 15 years in various financial leadership positions in the General Electric. Shares were largely unchanged in extended-hours trading.

—By CNBC's JeeYeon Park