Tuesday, February 27, 2024
Homemarket insiderAfter-hours buzz: Guess, eBay, Jabil Circuit & More

After-hours buzz: Guess, eBay, Jabil Circuit & More

Check out which companies are making headlines after the bell Wednesday:

Guess – The clothing retailer posted quarterly earnings that topped expectations and also increased its quarterly dividend by 12 percent. Still, shares tumbled as the company's current-quarter and full-year guidance fell below Wall Street expectations.

eBay – The Internet auction giant responded to activist investor Carl Icahn's letter, saying its PayPal payments unit is thriving as part of the company and the competitive advantages of PayPal and eBay as one unit is more important than ever. Earlier Wednesday, Icahn called on eBay to sell 20 percent of PayPal in an IPO.

Jabil Circuit – The electronics maker reported a loss for the second quarter, hurt by weak demand. Still, shares were slightly higher in extended-hours trading.

Select Comfort – The mattress maker appointed David Callen as its new CFO.

Hudson Pacific Properties – The real estate investment trust said it will sell 3.5 million shares through BofA/Merrill Lynch and Wells Fargo.

UDR – The independent real estate investment trust increased its quarterly dividend by 10 percent to 26 cents a share from 23.5 cents a share.

Nomura Securities initiated coverage of Applied Materials and Lam Research with a "buy" rating and started coverage of KLA-Tencor with a "neutral" rating.

—By CNBC's JeeYeon Park (Follow JeeYeon on Twitter: @JeeYeonParkCNBC)

Questions? Comments? Email us at marketinsider@cnbc.com

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