After-hours buzz: Staples, Office Depot, PVH & more

Traders work on the floor of the New York Stock Exchange
Andrew Burton | Getty Images
Traders work on the floor of the New York Stock Exchange

Check out the companies making headlines after the bell Wednesday:

Enterprise retailers Staples and Office Depot edged higher in late trading after reports that the Federal Trade Commission may have used improper tactics in its investigation of their merger. A judge said the FTC may have pressured Internet retailer Amazon's testimony, according to the Wall Street Journal.

Global apparel retailer PVH saw shares pop in extended trading after beating estimates for quarterly earnings and revenues, driven by return on investment in Calvin Klein and growth of Tommy Hilfiger's popularity abroad.

The maker of brands like IZOD and Speedo posted earnings of $1.52 per share, adjusted, on sales of $2.11 billion — higher than the $1.46 per share on $2.07 billion expected by Thomson Reuters consensus estimates. The high-end retailer gave optimistic guidance.

"While the global retail landscape continues to be uncertain with major foreign currencies largely weakening against the U.S. dollar and unpredictable and volatile global consumer spending, we believe that we can successfully navigate this environment and have taken a prudent approach to our 2016 plan," CEO Emanuel Chirico said, in a statement.

KB Homes shares jumped after better-than-expected quarterly earnings. The builder posted earnings of 14 cents per share on sales of $678 million, above the 11 cents per share on $634 million expected by Wall Street.

The built-to-order home company, which operates in states like Colorado, Texas, Nevada and Arizona, posted earnings after the Census Bureau said the West was the only region to cause new home sales to surge in February.

Industrial equipment company Terex's stock rose after announcing it would move forward in merger negotiations with Chinese competitor Zoomlion. If the deal moves forward, Zoomlion would acquire Terex for $31 per share, the company statement said.

Deepwater oil exploration company Cobalt International Energy shares dropped after the bell. U.S. oil prices were below $40 per barrel Wednesday after six straight weeks of record high inventories, Reuters reported.