After-hours buzz: Box, Dermira, Marriott & more
Check out the companies making headlines after the bell Wednesday:
Shares of enterprise technology company Box fell despite the company reporting better-than-expected earnings. The corporate file-sharing company lost 18 cents per share on revenues of $90 million, better than the loss of 24 cents per share on sales of $89 million expected by a Thomson Reuters consensus estimate.
But Box' deferred revenues and billings fell short of Wall Street's predictions. Still, Box remains committed to achieving positive free cash flow in the fourth quarter of this fiscal year, CEO Aaron Levie said, in a statement.
A slew of other enterprise technology companies also turned lower after the bell, including NetApp, Seagate, Oracle and Western Digital.
Dermira shares popped in extended trading after it announced its experimental therapy was successful in two late-stage studies. The biotechnology company makes an easy-to-use therapy for excessive underarm sweating.
Shares of Marriott International inched lower after the company announced two new hotels in Mexico. A 188-room hotel in Guadalajara, Mexico, and a 175-room hotel in Queretaro Antea, opened Wednesday, catering to "the creativity and passions of travelers with a millennial mindset," the company said. The hotels are aimed to make travel affordable for entrepreneurs, according to a statement.
21st Century Fox saw its stock slide after a report that 300 to 400 film and television staffers took a voluntary buyout package. Trade publication Variety initially reported the news, and an unnamed source also disclosed the information to The Los Angeles Times. A Fox spokesman declined to comment on the report.