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

Check out the companies making headlines after the bell Monday:

SolarCity's stock plunged 15 percent as the company posted a wider-than-expected quarterly shortfall. It reported an adjusted first-quarter loss of $2.56 per share, versus expectations of a $2.32 per share loss, according to Thomson Reuters.

Revenue came in at $123 million, compared with expectations for $110 million. It also gave guidance for a wider-than-expected second-quarter loss and lower-than-expected sales.

Gap's stock plunged as much as 15 percent after the retailer said that April and first-quarter revenue fell from the prior-year periods. Sales for Q1 came in at $3.44 billion, down from $3.66 billion, while April sales were $1.12 billion, compared with $1.21 billion in the previous year.

Gap added it expects diluted earnings per share of 31 to 32 cents. It falls well below analysts' expectations of 44 cents, according to a Thomson Reuters consensus estimate.

Hertz Global's stock dipped about 4 percent as the rental car company posted a wider-than-expected quarterly loss. It reported an adjusted first-quarter loss of 12 cents per share, versus expectations of a 1 cent per share loss.

Revenue also disappointed, coming in at $2.31 billion. Analysts had expected sales of $2.37 billion.

Shares of cloud computing company Rackspace dropped more than 5 percent after it reported mixed quarterly results. It posted first-quarter earnings of 37 cents per share on $518 million in revenue.

Analysts expected earnings of 22 cents per share on $519 million in sales.

Shares of Consolidated Edison fell nearly 2 percent Monday as the utilities company announced an offering of 8.8 million common shares. It said the offering is connected to a subsidiary buying an interest in a gas pipeline and storage venture.