The stock was last quoted at $9.37, down 2%, on extended volume of 1.97 million, according to Nasdaq.com.
Sears Holdings (SHLD) was also slumping after the close as the department store operator reported a loss of $498 million, or $4.70 a share, on revenue of $8.86 billion, wider than its year-ago equivalent loss of $421 million, or $3.95 a share, on revenue of $9.41 billion. Shares were down 7.3% at $54.20 on volume of nearly 81,000.
Also making a splash late Thursday was Starbucks (SBUX), which announced a big fat boost to its buyback program. The coffee giant said its board has approved an authorization to repurchase an additional 25 million common shares. That's on top of the 12.1 million shares left on its previous buyback approval.
The news comes hot on the heels of Starbucks announcing a deal to shell out $620 million for Teavana Holdings (TEA) on Wednesday. Starbucks' shares edged up less than 1% after the close.--Written by Michael Baron in New York.
>To contact the writer of this article, click here: Michael Baron.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV