Market Insider

After-hours buzz: Gap, Rackspace, Caesars & more


Check out the companies making headlines after the bell Monday:

Traders work on the floor of the New York Stock Exchange.
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Cloud computing firm Rackspace Hosting saw its shares climb 9 percent after the company reported better-than-expected third-quarter earnings and revenue. Rackspace also gave strong fourth-quarter revenue guidance.

Lions Gate Entertainment shares declined about 7 percent after reporting a surprise fiscal second-quarter loss. The film distribution company handed in a quarterly loss of 28 cents a share on $477 million in revenue, compared with analysts' forecasts of earnings of 2 cents a share on $491 million in sales.

Gap shares tumbled 6 percent after the retailer said global same-store sales declined 3 percent in October. Sales at the retailer's Banana Republic brand performed the worst, with comparable-store sales falling 15 percent during the month.

Casino operator Caesars Entertainment said third-quarter sales declined 48 percent to $1.14 billion. The stock fell about 5 percent after the bell.

Jazz Pharmaceuticals' stock lost about 7 percent of its value after the specialty drugmaker reported third-quarter results.