After-hours buzz: Nike, Gilead, Five Below & more

Traders work on the floor of the New York Stock Exchange
Brendan McDermid | Retuers
Traders work on the floor of the New York Stock Exchange

Check out the companies making headlines after the bell Tuesday:

Shares of Nike fell in extended trading after the apparel and sports equipment brand posted lower-than-anticipated sales in the latest quarter. Nike reported earnings of 55 cents per share, higher than the 48 cents expected by Thomson Reuters consensus estimates. But revenues came in at $8.03 billion, below the 8.2 billion expected.

Pharmaceutical giants Merck and Gilead moved when a federal jury said Gilead might have to hand over a portion of its revenue from Sovaldi and Harvoni. The hepatitis C treatments, which generate billions in revenue, have been part of a patent dispute between the two companies, Reuters reported.

Merck's shares rose on the news while Gilead share prices dipped, as did competitor Biogen.

Dean Foods's stock gained after it said a new Walmart plant would not negatively impact sales. Mega-retailer Walmart said it plans to build a dairy processing plant in Indiana, Reuters reported. Dean's milk brands include Meadow Gold, Lehigh Valley and Land of Lakes.

Red Hat shares slipped despite reporting rising revenue and income in its latest quarterly earnings. The maker of open-source software like Linux operating systems had earnings of 29 cents per share on revenue of $543.5 million, Reuters reported.

Discount retailer Five Below saw shares sink after hours, despite better-than-expected earnings in the latest quarter. The company, which boasts merchandise under $5, posted earnings of 77 cents per share, edging out the 76 cents per share expected by Wall Street, the Associated Press reported.

Shares of office furniture firm Steelcase were higher after it posted adjusted earnings of 22 cents per share in the latest quarter, according to the AP. The company managed to grow despite a negative impact of about 6 percent from the insurance and energy sectors in the Americas, the company's statement said.

Global miner Eldorado Gold shares popped ahead of Wednesday's earnings report. Gold futures closed higher Tuesday as the safe-haven precious metal rallied after deadly terrorist attacks in Belgium.

Office Depot shares rallied after reports that it would raise prices after its merger with Staples. Office Depot, based in Boca Raton, Florida, sent letters warning their corporate customers to lock in prices before they rise, according to a Sun Sentinal report. The FTC is currently opposing the merger of the two enterprise retailers.