After-hours Buzz: MET, REV & Extra

In Finance 86 views

Take a look at the businesses making headlines after the bell Monday:

Metlife inventory plunged greater than 7 p.c after the bell. The insurance coverage supplier previewed earnings that fell properly wanting Wall Road expectations and rescheduled the discharge of its quarterly and full-year monetary outcomes from Jan. 31 to Feb. 13.

Metlife additionally anticipates an influence of between $135 million and $165 million on its web earnings for the fourth quarter, attributable to an organization determination to strengthen the corporate’s reserves.

Shares of Revlon gained greater than 2 p.c in after hours buying and selling. The cosmetics firm launched preliminary earnings and income projections that exceeded analyst expectations and introduced the departure of CEO Fabian Garcia.

CFO Chris Peterson additionally put to relaxation rumors that the troubled model would take actions to switch property out of attain of its debt holders as liquidity dwindles.

Shares of Maxim Built-in Merchandise gained 1.6 p.c in prolonged buying and selling. A CNBC report revealed Japanese semiconductor companyRenesas Electronics was in talks to amass the U.S. chipmaker in an estimated $20 billion deal.

Shares of Ryder gained greater than 1 p.c in after hours buying and selling. The truck rental and provide chain administration firm introduced introduced it will award all non-incentive bonus eligible staff one time money bonuses, totaling $23 million. Ryder mentioned it anticipated a one-time $586 million profit from the “Tax Cuts and Jobs Act.”

Must read×