After-hours buzz: Weight Watchers, Jack in the Box, Michael Kors & more
Check out the companies making headlines after the bell Wednesday:
Weight Watchers International's stock inched higher in light volume, after news that a shareholder lawsuit had been dismissed. Investors had claimed the company misled them about the impact of free mobile apps, new software and enrollment at meetings, but a Manhattan judge dismissed the case, Reuters reported.
Jack in the Box traded higher after posting better-than-expected results in the second quarter. The company posted earnings of 85 cents per share on revenues of $361 million, higher than the 70 cents per share on $360 million expected by analysts.
CEO Leonard Comma cited healthy margins and labor cost controls for the sales bounce, along with a lower tax rate and traffic growth at Mexican fast-casual chain Qdoba.
Shares of apparel retailer Michael Kors dipped after the bell, continuing their slide after a rough day for retail. Fossil Group, which counts Michael Kors Holdings as a portfolio company, slid nearly 30 percent in regular trading after posting financial guidance that fell below analyst estimates. Fossil said it predicts sales will fall 8 to 10 percent in the second fiscal quarter, netting earnings of 0 to 15 cents per share. Wall Street had been expecting earnings of 59 cents per share.
Shares of CA Technologies popped in extended trading after the enterprise software firm posted earnings that beat analyst estimates. The company posted adjusted earnings of 60 cents per share, above Wall Street's estimates of 57 cents per share, adjusted, according to the Associated Press.
Wyndham Worldwide's stock rose after the company filed regulatory documents from its shareholder meeting. The SEC filings showed a slew of new board members for the hospitality company, as well as a 50-cents-per-share dividend.
— The Associated Press and Reuters contributed to this report.