After-hours buzz: MBIA, Tesla Motors, Potbelly mo
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After-hours buzz: MBIA, Tesla Motors, Potbelly & more
Starbucks – Shares of the coffee chain took a hit in extended-hours trading after it said an arbitrator had decided it must pay Kraft Foods Group $2.23 billion in damages and $527 million in interest and lawyer fees after its early termination of a grocery deal.
Office Depot – The retailer named Roland Smith as chairman and CEO, effective immediately. The announcement came a week after the retailer closed its deal to buy smaller rival OfficeMax. Its shares rose in extended-hours trade.
MBIA – The bond insurer reported quarterly revenue of $75 million in revenue, falling short of estimates calling for $91 million in sales. Its shares fell in after-hours trade.
Tesla Motors – The electric-car maker’s CEO Elon Musk told CNBC that the company was not recalling its Model S cars, despite speculation that followed a third fire involving one of its car batteries. The stock traded up in the aftermarket.
Potbelly – Shares of the sandwich-shop operator gained in after-hours trade after it reported adjusted earnings per share of 15 cents on revenue of $78 million.
RealD – Shares spiked in after-hours trading after the provider of 3D technology reported results that exceeded expectations.
NQ Mobile – The Chinese provider of wireless security reported earnings per share of 28 cents, in line with estimates, on revenue of $54 million versus estimates calling for $51 million in sales. Its shares fell in after-hours trade. http://www.cnbc.com/id/101192298
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