After-Hours Buzz: Citigroup, Nabors, Helen of Troy & More
Check out which companies are making headlines after the bell Tuesday:
Citigroup - The bank is planning to sell more than 90 of its retail banking branches in California in a leaseback agreement with Jones Lang LaSelle. Shares dipped in extended-hours trading.
Nabors Industries - The oil and natural gas company warned that its operating income would be lower than estimates. Shares declined in extended-hours trading.
Helen of Troy - The parent company of Vidal Sassoon, Revlon and Dr. Scholl's posted earnings of 82 cents a share, excluding one-time items, on revenue of $305 million, beating forecasts for 71 cents a share on sales of $302 million. It also reiterated fiscal 2014 earnings guidance. Shares gained in extended-hours trading.
Cliffs Natural Resources - The iron ore company announced that CEO and President Joseph Carrabba will retire at the end of the year. James Kirsch, who serves on Cliffs' board as lead director, has been elected nonexecutive chairman of the board, effectively immediately, replacing Carrabba as chairman. Shares edged higher in extended-hours trading.
U.S. Steel - The steel company announced that executive vice president and CFO Gretchen Haggerty will retire this year. A successor was not named. Shares were largely unchanged in extended-hours trading.
Citi initiated coverage of Amazon.com, AOL, Ebay, Google and Yahoo with a buy rating and started coverage of Facebook, LinkedIn, Netflix, Yelp and Zillow with a neutral rating. Meanwhile, the brokerage initiated coverage of OpenTable with a sell recommendation. Most notably, shares of Facebook ticked higher, while OpenTable dipped in extended-hours trading.