After-Hours Buzz: Dell, JCPenney, Autodesk & More
Check out which companies are making headlines after the bell Thursday:
Dell - The computer hardware and software company posted earnings of 21 cents a share, excluding one-time items, on sales of $14.07 billion, against expectations for 35 cents a share on sales of $13.50 billion. Shares were largely unchanged in extended-hours trading.
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JCPenney - The retailer posted a loss of $1.31 a share, excluding one-time items, on revenue of $2.64 billion, missing expectations for a loss of 89 cents a share on sales of $2.74 billion. And the company said first-quarter same-store sales fell 16.6 percent, as previously reported. Shares toggled in and out of positive territory in extended-hours trading.
Autodesk - The software company posted earnings of 42 cents a share, excluding one-time items, on revenue of $570, missing forecasts for 45 cents a share on sales of $583 million. In addition, the company handed in current-quarter earnings and sales outlook that disappointed Wall Street analysts, sending shares sharply lower in extended-hours trading.
Applied Materials - The semiconductor company posted earnings of 16 cents a share on sales of $1.97 billion, exceeding Wall Street expectations for 13 cents a share on sales of $1.91 billion. Shares rose in extended-hours trading.
Nordstrom - The upscale fashion retailer posted earnings of 73 cents a share on sales of $2.75 billion, missing estimates for 76 cents a share on sales of $2.81 billion. In addition, the company reiterated its full-year earnings guidance of between $3.65 a share and $3.80 a share, against estimates for $3.80 a share. Shares slumped in extended-hours trading.
Brocade - The networking hardware and software company posted earnings of 15 cents a share, excluding one-time items, missing expectations by 2 cents a share, while revenue was in line with projections at $539 million. Shares edged lower in extended-hours trading.
Aruba Networks - The computer networking company 11 cents a share, excluding one-time items, missing estimates by a penny a share, on sales of $147 million, edging past expectations by $2 million. Shares declined in extended-hours trading.
Compuware - The software company declared its first quarterly dividend of 12.5 cents a share. Shares edged higher in extended-hours trading.
Williams Companies - The energy company increased its second-quarter dividend to 35.25 cents a share from 33.88 cents a share and reaffirmed its 2013 to 2015 guidance for 20 percent annual dividend growth.
Williams-Sonoma - Bank of America Merrill Lynch downgraded the high-end kitchenware retailer to "neutral" from "buy," while increasing its target price to $60 from $55. Shares slipped in extended-hours trading.
Northrop Grumman - The aerospace and defense technology company announced an additional $4 billion in share repurchase authorization. Shares edged higher in extended-hours trading.