Market Insider

After-hours buzz: Under Armour, Dave & Buster's, Verifone & more


Check out the companies making headlines after the bell Tuesday:

Under Armour's Class C shares dipped in extended trading after the company unveiled a new app, UA Shop, which gives users of digital platforms like MayMyRun customized results. The stock dip came in spite of the success of its sponsorship of Stephen Curry, whose Golden State Warriors are competing for an NBA title.

People pass by the New York Stock Exchange.
Brendan McDermid | Reuters

Dave & Buster's shares popped after the gaming and entertainment company posted better-than-expected earnings and revenue in the first fiscal quarter. The company reported earnings of 72 cents per share on revenues of $262 million, compared to a Thomson Reuters consensus estimate of 59 cents per share on $251 million in revenue. Same store sales hit 3.6 percent year-over-year, topping the 2.9 percent estimate as revenues shift toward the higher-margin amusement category.

"Our unique entertainment, dining, and sports viewing venues are demonstrating their broad-based appeal despite challenges affecting many of our casual dining peers and we are committed to keeping our brand fresh through a continuous stream of 'new news' to further differentiate ourselves," said CEO Steve King in a statement.

Verifone's shares tumbled after the company missed quarterly earnings estimates and announced layoffs amid "difficult market dynamics." The payment technology company posted fiscal second quarter earnings for 47 cents per share, excluding items, on revenue of $532 million, compared to the 52 cents per share on $530 million in sales expected by a Thomson Reuters consensus estimate. Alongside the earnings, Verifone announced a restructuring that would slash headcounts and produce $30 million in savings by 2017.

"We are aggressively executing mitigating actions including a headcount restructuring and a review of underperforming businesses," said CEO Paul Galant, "At the same time, we remain committed to executing our strategy in a disciplined manner, and continue to make progress in bringing our next generation devices to market and launching our services platform."

Duluth sank in extended trading after the company reported lower-than-expected quarterly sales. The company, which specializes in basic apparel for work and outdoors, posted sales of $67 million in the first fiscal quarter, below the $70 million expected by a Thomson Reuters consensus estimate. Still, Duluth posted better-than-expected earnings, of 10 cents per share, versus the 7 cents expected.