After-hours buzz: BBBY & AAPL
Check out the companies making headlines after the bell Thursday:
Shares of the Container Store tanked after the retailer reported a miss on both earnings and revenue for the third quarter. The company posted a loss of 4 cents per share while Wall Street was expecting earnings of 5 cents a share. Revenues came in it at $197 million as opposed to the $200 million estimated.
Gap stock also dropped sharply in after-hours trading. The apparel retailer reported that its net sales for the five-week period ending on Jan. 2 decreased 4 percent to $2.01 billion. For the same period last year, the company's net sales were $2.1 billion. Gap's comparable sales for December 2015 were down 5 percent versus a 1 percent increase last year.
Urban Outfitters released holiday sales numbers after the bell on Thursday. The retailer's comparable sales for November and December were down 2 percent. The company saw strong sales online, but CEO Richard Hayne said those numbers were offset by weak in-store sales. Urban Outfitters stock dipped slightly before shifting back into the green after the market's close.
Bed Bath & Beyond stock fell in after-hours trading despite the retailer reporting third-quarter earnings that met expectations. However, the company posted revenues of $2.95 billion versus an expected $2.97 billion. The company's fourth-quarter guidance is also below Wall Street's estimates.
Shares of Apple suppliers Cirrus Logic and Qorvo tanked after the bell. Both suppliers pre-announced fiscal results that missed expectations after the close. The tech sector, hard hit by the market sell-off, was down more than 3 percent on Thursday. This drop made it the worst performing sector in the .
Shares of Apple itself inched lower in Thursday's extended hours trading. Shares of Apple have been dropping consistently over the last week.
— CNBC's Courtney Reagan contributed to this report.