Market Insider

After-hours buzz: Nike, Pier 1 Imports, Marvell & more

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

Nike shares rose about 5 percent after the athletic apparel maker reported better-than-expected earnings. The company handed in profit of $1.34 a share on sales of $8.41 billion, besting the Street's forecasts of $1.19 a share on $8.22 billion in revenue.

Bed Bath & Beyond slipped about 3 percent in extended-hours trading after the household-products retailer reported fiscal-second-quarter results. The company's board also approved a new $2.5 billion stock repurchase program.

Shares of electronics manufacturer Jabil Circuit jumped about 10 percent after reporting adjusted earnings of 53 cents a share on $4.68 billion in revenue. Wall Street was looking for profit of 45 cents a share on $4.55 billion.

Pier 1 Imports shares tumbled as much as 13 percent after the home furnishings provider reported quarterly earnings. The company reported second-quarter adjusted earnings of 4 cents a share, missing by 3 cents, on revenue of $430 million, versus estimates of $436 million. The company also reported light third-quarter and full-year guidance.

Chipmaker Marvell Technology will reduce its global workforce by 17 percent as a part of restructuring of its mobile platform business. The company expects to take a charge of between $100 million and $130 million in connection to the restructuring. Shares gained about 9 percent after the announcement.