After-Hours Buzz: BBY, PCLN, FSLR & More
Check out which companies are making headlines after the bell Tuesday:
Best Buy - The consumer electronic retailer's founder Richard Schulze's effort to take the company private may fall apart due to lack of financing, according to a Reuters report, citing sources familiar with the matter. Shares declined in extended-hours trading.
Priceline.com - The travel website posted earnings of $6.77 a share, excluding one-time items, topping expectations for $6.54 a share. Meanwhile, revenue was in line with Wall Street estimates at $1.19 billion. Shares jumped in extended-hours trading. Rivals Kayak and Expedia also gained following the report.
First Solar - The solar panel manufacturer posted earnings of $2.04 a share, easily beating expectations for $1.75 a share. But the company reported revenue of $1.08 billion, widely missing Wall Street estimates for $1.32 billion. In addition, the company posted first-quarter revenue guidance that badly missed Wall Street expectations. Shares tumbled in extended-hours trading.
DreamWorks Animation - The animation studio posted a loss of 98 cents a share on revenue of $265 million. Analysts expected the company to post a loss of 9 cents a share on revenue of $216 million.
TiVo - The digital video recorder company posted a loss of 13 cents a share on revenue of $89 million, edging past expectations for 12 cents a share on revenue of $65 million. Shares rose in extended-hours trading.
Lam Research - The semiconductor equipment maker appointed Doug Bettinger as its executive vice president and CFO. Bettinger succeeds Eernie Maddock. Bettinger was formally CFO and senior vice president of Avago Technologies.
Guidewire Software - The tech company posted earnings of 21 cents a share, excluding one-time items, on revenue of $72 million, blowing past expectations for 2 cents a share on sales of $64 million. Shares surged in extended-hours trading.
CBL & Associates - The company increased its quarterly dividend by 4.5 percent to 23 cents a share from 22 cents a share.
PG&E - The natural gas and electricity company announced a 7.2 million secondary offering through Barclays. Shares declined in extended-hours trading.