Gap - The clothing retailer said it expects to post earnings of between 64 cents a share and 65 cents a share, excluding one-time items, against current projections for 56 cents a share. Meanwhile, the company posted sales of $3.73 billion, topping expectations for $3.67 estimates. In addition, the company posted April same-store sales that rose 7 percent. Shares jumped in extended-hours trading.
Molycorp - The rare earth producer posted a loss of 15 cents a share, excluding one-time items, on sales of $146 million, exceeding Wall Street expectations for a loss of 27 cents a share on sales of $138 million. Shares rallied in extended-hours trading.
Allscripts Healthcare - The healthcare information technology company posted earnings of 9 cents a share, excluding one-time items, on sales of $348 million, missing estimates for 14 cents a share on sales of $368 million. Shares tumbled in extended-hours trading.
Ubiquiti Networks - The wireless products manufacturer posted earnings of 24 cents a share, excluding one-time items, on sales of $83 million, edging past expectations for 22 cents a share on sales of $80 million. In addition, the company handed in current-quarter outlook that topped estimates, sending shares sharply higher in extended-hours trading.
MagicJack - The voice-over-Internet-Protocol (VoIP) provider announced that Jose Gordo has been appointed Chief Financial Officer. Current CFO Peter Russo, will remaining with the company as a consultant. Shares declined in extended-hours trading.