Market Overview

3 After-Hours Movers: Earnings, Management Changes & Company Splits

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Markets closed in green Wednesday, recuperating some of the ground lost in the first two sessions of the week, helped by surging oil prices, higher than expected growth in the services sector and strong performance among banking stocks.

After the market closed, Yum! Brands, Inc. (NYSE: YUM) reported its Q3 results. While EPS of $1.09 were in-line with the Street’s consensus, revenue of $3.32 billion missed estimates by $200 million. This pushed the stock down more than 2 percent after the bell rang.

Resources Connection, Inc. (NASDAQ: RECN) lost more than 3.1 percent after-hours, despite a revenue beat. While Q1 sales of $143.39 million beat estimates by $860,000, EPS of $0.15 fell $0.02 short of expectations. Also impacting on shares was the unexpected retirement of CEO Anthony Cherbak; the company cited health considerations, and said he would be replaced by Kate Duchene until a permanent CEO is found.

Metlife Inc (NYSE: MET) gained 1.1 percent after the bell rang, after announcing Brighthouse Financial had filed a Form 10 registration statement related to a separation from the company.

Posted-In: Earnings News Guidance Management After-Hours Center Movers

 

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