Stocks were mixed after the close Wednesday, guided by a smattering of earnings and sales reports, including positive results at
The communications equipment maker's shares gained 5.2% to $19.52 after it powered past fiscal third-quarter earnings expectations. Excluding items, income totaled 37 cents a share, or 14 cents higher than the average analyst estimate. Sales were only slightly higher at $346.1 million, but that comfortably topped the $328.1 million mean target. The Minneapolis-based company also offered
bullish full-year guidance.
American Eagle Outfitters
, meanwhile, reported
better-than-expected same-store sales.
J.C. Penney, the department store chain based in Texas, said August same-store sales declined only 4% to beat analysts' estimates for a 5.3% drop, as well as the company's own guidance for a mid- to high-single-digit decrease. Pennsylvania-based American Eagle said comparable-store sales were up 9% to top views by 3 percentage points. J.C. Penney shares were up 1.9% to $66.85 and American Eagle was adding a penny to $25.16.
was among stocks sliding after the close. Shares were shedding 9.4% after the Californian business-software firm guided
below Wall Street's outlook, with expected fiscal third-quarter non-GAAP earnings of between 4 cents to 5 cents a share on sales of between $130 million to $133 million. Analysts are seeking 7 cents a share on $139.9 million in revenue. Shares gave up 74 cents to $7.10.
Elsewhere, preppy-apparel retailer
( JCG) fell 9%, despite
swinging to a profit in the fiscal second quarter. The New York-based company posted revenue of $304.7 million, slightly below Street expectations. Shares were down $4.45 to $45.25 in recent extended trading.