After-Hours Buzz: LTD, TXN & More
Check out which companies are making headlines after the bell Monday:
Texas Instruments - The chipmaker handed in a fourth-quarter earnings outlook of between 26 cents a share and 30 cents a share, excluding one-time items, and revenue guidance of between $2.89 billion and $3.01 billion. Analysts expected the company to post revenue of $2.96 billion. Still, shares rose in extended-hours trading.
(Read More: Dow Logs 4-Day Win Streak; Apple Slips)
AIG - Treasury announced it has launched an underwritten public offering to sell all of its remaining 234 million shares of the insurance giant, worth roughly $8 billion. Shares declined in extended-hours trading. Once the offering is completed, the Treasury would continue to hold warrants to purchase the company's common stock that were also issued as part of AIG's participation in Treasury programs.
Limited Brands - The parent company of Victoria's Secret announced a special dividend of $3 a share. Shares rallied in extended-hours trading.
Kraft Foods - The food and beverage conglomerate declared a dividend of 50 cents a share, its first as a newly independent company.
Gilead - The biotechnology company approved a two-for-one stock split of the firm's outstanding common stock to be effected through a stock dividend. Shares edged higher in extended-hours trading.
United Continental - The airline company said its traffic fell 2.3 percent in November compared to the same period last year, largely due to Hurricane Sandy. United Continental said Sandy reduced revenue by about $50 million.
Teavana - The specialty tea retailer broke even, excluding one-time items, on sales of $46 million, edging past expectations for $45 million. Last month, coffeehouse giant Starbucks announced it will acquire Teavana for $620 million.
Casey's General Stores - The convenience-store chain posted earnings of 85 cents a share on revenue of $1.91 billion, matching Wall Street expectations. Shares were mostly unchanged in extended-hours trading.
Texas Roadhouse - The restaurant chain declared a special cash dividend of 10 cents a share.
Janus Capital - The investment firm accelerated its quarterly dividend of 6 cents a share to December from January 2013.
Paychex - The payroll and HR service company declared a third and fourth-quarter dividend totaling 66 cents a share to be paid in December. The accelerated dividend is intended to be in lieu of quarterly dividends the company would have announced in the third and fourth quarters of fiscal 2013.
Vonage - The communications services company announced its CFO Barry Rowan is leaving the firm. A successor was not immediately announced.