Market Insider

After-hours buzz: Chevron, PriceSmart, Gap & more

Traders work on the floor of the New York Stock Exchange.
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Check out which companies are making headlines after the bell Thursday:

Chevron - The oil and gas behemoth said its second-quarter earnings will come in above the previous quarter's level and cited gains on asset sales. The firm reported first-quarter earnings of $2.36 per share. Chevron is expected to report second-quarter earnings in August. Shares edged lower in after-hours trading.

PriceSmart - Shares edged lower after the bulk retailer handed in mixed earnings results. PriceSmart reported fiscal third-quarter earnings of 70 cents per share on $615 million in revenue, versus analyst expectations for earnings of 69 cents per share on $622 million in revenue.

Gap Inc - The clothier said its same-store sales fell 2 percent in June, versus a 7 percent increase a year ago. Shares dropped in after-hours trading. Comparable-store sales at its Gap and Banana Republic stores both fell 7 percent, while sales at its Old Navy shops rose 7 percent.

Barracuda Networks - The maker of cloud-based security and storage products said total revenue increased to $66.2 million during the fiscal first-quarter, up from $56.3 million in the year-ago period. The stock rallied in after-hours trading.

American Apparel - The stock slumped in after-hours trading after rallying 21 percent during normal trading hours. It closed above $1 for the first time since January after reports surfaced that the retailer received $25 million in financing from hedge fund Standard General.

Rent-A-Center - The largest U.S. rent-to-own operator forecast second-quarter earnings and revenue that fell below analysts' estimates. Shares fell after the bell.

Verizon - The company said it expects to report a net addition of more than 1.4 million long-term subscribers during the second-quarter. Shares edged lower in extended-hours trading, having gained more than 1 percent during the regular trading session.

—By CNBC's Karma Allen

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