Palo Alto Networks, Portland General Electric & more


People walking along Wall Street in the Financial District of Manhattan on September 03, 2019 in New York City.

Spencer Platt | Getty Images News | Getty Images

Check out the companies making headlines after hours Monday:

Standex International — Shares of the industrial mold manufacturing company rose 0.2{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} on the back of better-than-expected results for the previous quarter. Standex reported adjusted earnings for the fiscal fourth quarter of 65 cents per share. Analysts polled by FactSet expected a profit of 43 cents per share. “Since the end of April, our end markets have exhibited a gradual increase in the level of customer activity that has continued into our first quarter,” said CEO David Dunbar.

Palo Alto Networks — Palo Alto Networks posted earnings per share of $1.48, topping a FactSet estimate of $1.39 per share. The company also issued better-than-expected earnings guidance for the current quarter. However, Palo Alto shares slid more than 3{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} in after-hours trading.

Tiffany — Tiffany shares fell 0.6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after Reuters reported, citing a source, the jeweler and French luxury good maker LVMH will push back a $16.2 billion merger by another three months. The deal still lacks the necessary regulatory approval to go through, including in the European Union, according to the report.

Portland General Electric — Shares of the Portland-based utility fell more than 6{3c4481f38fc19dde56b7b1f4329b509c88239ba5565146922180ec5012de023f} after the company announced the formation of a special committee to review recent losses from energy trading activities. Portland General Electric said it has experienced realized losses of $104 million in 2020. The company also lowered its full-year earnings guidance.

Source Article

Next Post

U.S. stock futures are little changed after the S&P 500's first close above 3,400

Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 17, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images U.S. stock futures were flat on Monday night after another record-setting session on Wall Street. Dow Jones Industrial Average […]