Market Insider

After-hours buzz: Restoration Hardware, Coach, Grainger & more

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Check out the companies making headlines after the bell Wednesday:

Restoration Hardware shares tumbled after hours after the company reported lower-than-expected quarterly earnings amid production delays and a tepid luxury market. The upscale home furnishings company posted a loss of 5 cents per share, below the 5 cent per share profit expected by a Thomson Reuters consensus estimate.

"Our near term business performance is being pressured by the continued headwinds in the markets impacted by energy and currency, as well as a general slowdown in the luxury consumer market," CEO Gary Friedman said in a statement. The company's $455 million revenue was better than the $452 million expected by Wall Street, though.

Shares of Coach also dipped after the luxury accessory brand announced the resignation of its chief financial officer. Jane Hamilton Nielsen said she would depart for another company in August, according to a company statement. Coach is in search of a successor.

Grainger's stock popped in extended trading after the supplier of maintenance, repair and operating products released details about its e-commerce business. The company's online businesses had a combined about 40 percent growth last year, chief financial officer Ronald Jadin told the Baird Global Consumer, Technology and Services Conference.

"So, we're going to continue to invest to add thousands of customers, tens of thousands of customers actually per month to grow that," Jadin said, according to a FactSet transcript. The company also announced a new San Antonio facility this week, local media reported.

AmSurg and Envision Healthcare shares moved as after reports the health care companies might merge. AmSurg shares fell, while Envision shares rose, after the Wall Street Journal reported that a deal could be reported as soon as next week.

PPG shares sank after the paint company announced it would acquire Ohio-based rival MetoKote. The merger, of which financial terms were not disclosed, would help PPG streamline its coatings services.

H&R Block shares ticked higher ahead of the company's earnings report Thursday afternoon. The consumer tax services provider is expected to report earnings per share of $3.15 on revenues of $2.28 billion, according to a Thomson Reuters consensus estimate.