Sonic, Verint And Restoration Hardware Moving After Hours
Shares of Sonic Corporation (NASDAQ: SONC) were up almost 3 percent in Tuesday's after hours session, following the announcement of the company’s Q2 results. The operator and franchisor of drive-in restaurants posted earnings of $0.18 per share on revenue of $133.16 million, beating the Street’s consensus of $0.16 per share and $128.73 million.
Sonic said it now expects EPS growth of 20 to 25 percent, up from a previous guidance of 16 to 20 percent. Management also boosted its same-store sales growth projection from 2-4 percent to 4-6 percent. They pointed out they anticipate 50 to 60 new franchise drive-in openings, and a quarterly cash dividend of $.011 per share.
Restoration Hardware Holdings Inc (NYSE: RH) was up more than 2.3 percent after the company released its Q4 results. The company posted earnings of $0.98 per share on revenue of $647.21 million, missing analysts’ estimate of $1.33 per share and $712.01 million. In addition, management guided for lower-than-expected first quarter results. They said the poor figures will reflect higher investments aimed at ameliorating its customers' experience.
Verint Systems Inc. (NASDAQ: VRNT) was trading down more than 12 percent after the bell rang. Earnings of $0.90 per share missed estimates of $1.17 per share by a wide margin, same as revenue, which was expected to come in at $319.42 million, but instead came in at $ 281.84 million.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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