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Wednesday, October 19, 2016

After-hours buzz: American Express, Wells Fargo, Mattel and more


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



Shares of American Express popped more than 5 percent in after-hours trade. The company beat on both its top and bottom lines, reporting adjusted earnings of $1.20 per share (EPS) on revenues of $7.77 billion. Analysts expected the credit card company to report EPS of 97 cents a share on about $7.7 billion in revenue, according to a consensus estimate from Thomson Reuters.


American Express also raised its full year guidance for the year, now expecting adjusted earnings between $5.90 and $6 a share, excluding restructuring charges. It previously forecast full-year earnings per share between $5.40 and $5.70 a share.


Mattel stock was up more than 5 percent during extended trading. The toy manufacturing company reported earnings per share of 70 cents a share, missing estimates of 71 cents per share. It beat on its top line, reporting revenues of $1.8 billion compared to estimates of $1.77 billion. Nearly every one of its segments saw a sales increase in the quarter.


eBay saw its stock drop more than 7 percent after the bell. The e-commerce company reported adjusted earnings of 45 cents per share, beating EPS estimates of 44 cents. It also reported quarterly revenues of $2.22 billion, beating estimates of $2.19 billion. The company lowered its EPS guidance for the fourth quarter. Its gross merchandise volume and active buyer figures came in below estimates.


Wells Fargo saw its stock drop nearly a percent after the market closed. The California attorney general announced it will launch a probe to investigate the bank for opening unauthorized accounts and credit card documents, citing probable cause of felonies. The attorney general’s office issued a warrant to seize documents at Wells Fargo, and is seeking a list of California customers with unauthorized accounts from May 2011 to July 2015.




After-hours buzz: American Express, Wells Fargo, Mattel and more

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