Powerhouse brands helped bolster VF Corp’s results. The parent of brands like the North Face and Vans reported results that matched on both the top and bottom lines. Profit fell from last year, as the company booked a write-down on the value of some of its brands and the company warned investors about negative effects from currency fluctuations for 2015. Revenue still rose on strength in its outdoor and action sports division. Shares popped six percent to $75.26.
Nordstrom is jacking up its dividend by 12 percent to 37 cents a share. The new payout will be made to shareholders in march. The yield on the dividend is up more than 1.5 percent. Shares spiked initially in after-hours trading. Before the close, the stock was up a fraction to $79.41
J.M. Smucker reported mixed results today, with revenue missing estimates. The owner of Folgers coffee said weakness in its coffee business weighed on results, but it’s expecting business to get back on track this year as bean prices stabilize. Shares were up more than one percent to $113.89.
Alibaba has received a request for information from the SEC. The agency is looking for information related to its interaction with a Chinese regulator. Alibaba says it’s cooperating with the request. Shares fell initially in after-hours trading. Before the bell the stock was up two percent to $89.05.