Market Insider

After-hours buzz: Gap, VeriFone, Vince & more


Check out the companies making headlines after the bell Thursday:

Electronic payment device manufacturer VeriFone Systems submitted third-quarter results that topped estimates, but its current-quarter forecasts fell short of expectations. The stock fell about 2 percent after hours.

Luxury fashion brand Vince Holding plunged 31 percent after it missed on the top and bottom lines and issued weak guidance. The stock, which peaked at $39 a share a year ago, traded as low as $5 a share during the after-hours session.

Apparel retailer Gap said sales at comparable stores declined 2 percent across its brands in August, dragged by an 11 percent drop at its Banana Republic stores. However, sales at its lower priced Old Navy locations rose 6 percent, while comparable sales at its namesake brand dropped 8 percent. Shares dropped about 1 percent.

UTi Worldwide, which provides airfreight and other supply management services, reported a second-quarter loss of 70 cents a share on $914 million in revenue. Shares declined nearly 16 percent in extended-hours trading.

Cruise liner owner Royal Caribbean Cruises boosted its dividend by 25 percent to about 38 cents a share, sending the stock up about 2 percent after hours.

Correction: This article has been updated to reflect Gap's comparable sales decrease at its namesake brand.