After-hours buzz: Valeant, Bed Bath & Beyond, LPL Financial & more

Wall Street NYSE
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Check out the companies making headlines after the bell Wednesday:

Valeant Pharmaceuticals continued to gain after the bell after closing up almost 19 percent in the regular trading session. The embattled pharmaceutical company restructured the terms of its debt, The Wall Street Journal reported. Regulatory investigations into its accounting practices and pricing have weighed on the company, but the new development could save it from default, the Journal reported.

Shares of retirement consultant and broker-dealer LPL Financial Holdings edged higher after the Obama administration announced new rules on retirement investments. Financial advisors must now act in their clients' best interests when they look to make changes to IRAs or 401(k)s, the new rules say.

Shares of Bed Bath & Beyond jumped in extended trading after the home goods retailer posted earnings and revenues that beat analysts estimates. The company reported adjusted earnings $1.85 per share on sales of $3.42 billion, higher than the $1.81 per share on revenues of $3.39 billion expected by analysts, according to Thomson Reuters consensus estimates.

The company, which also owns brands like World Market, Buy Buy Baby and Harmon Face Values, declared a quarterly dividend of 12.5 cents.

Apogee Enterprises saw its stock rise after the bell when it posted a fourth-quarter profit. The company, which creates walls of glass for commercial buildings, logged profit of 69 cents per share, the Associated Press reported. Improved pricing, productivity margins, lower material costs and growth in the U.S. construction market contributed, the CEO said, in a statement.

Construction equipment company Terex's stock popped in thin volume as a Chinese bidder provided assurances on its merger offer. Zoomlion is looking to purchase Terex, which also has a merger bid from Konecranes on the table, according to Reuters. U.S. investors are skittish of Chinese deals after another merger, between Starwood Hotels and China's Anbang Insurance, fell through last week.

Sprint shares were up after the mobile carrier said it signed a $2.2 billion deal to restructure the leases on its cell tower equipment. The deal would raise cash and better position the business in the face of upcoming debt maturities, the company said in a statement.