Facade with sign and logo at the La-Z-Boy furniture store in Pleasanton, California, April 16, 2018.
Smith Collection | Gado fake pictures
Take a look at the companies that make headlines after the bell.
Dell Technologies, VMware: Shares of Dell Technologies and VMware increased 18% and 10%, respectively, in post-closing operations of a report that Dell is looking for options for its $ 50 billion stake in the technology company of the information. Options include spinning off your 81% stake or buying the rest of VMware, according to the Journal.
La-Z-Boy: The furniture maker’s shares soared in extended trading after La-Z-Boy reported fourth-quarter earnings. The company reported earnings of 49 cents a share, excluding some items on revenue of $ 367 million, while analysts estimated 20 cents a share on revenue of $ 385 million, according to Refinitiv. La-Z-Boy is also permanently closing its Newton, Miss. Manufacturing facility. And reducing its global workforce by approximately 10%, according to a company statement.
Carnival: The shares of the cruise operator fell 1% after the closing bell. Carnival was downgraded to junk status by S&P Global Ratings, which downgraded the company’s credit rating from BBB- to BB-. “We expect Carnival’s credit measures to remain very weak until 2021 due to its plans for a gradual reintroduction of capacity and our forecast for continued weak demand,” S&P said in a statement. The agency warned that Carnival is still under credit surveillance and could be downgraded again. Norwegian Cruise Line and Royal Caribbean Cruises also saw their shares drop 1% in off-hours trading.
DraftKings: DraftKings shares rose 1% in extended trades. Early Tuesday, the sports betting company announced the launch of an independent mobile casino app in New Jersey, which will include new DraftKings-exclusive games as well as updated classics like blackjack and roulette.
Beyond meat: Shares of the meat substitute maker fell about 1% in extended trade. Earlier Tuesday, Starbucks launched a new breakfast sandwich made with plant-based sausages from Impossible Foods, the competitor to Beyond Meat. The Impossible Breakfast Sandwich is now available on most Starbucks menus in the US. USA
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