Coach beat estimates, but there’s more to the report than meets the eye. The handbag company was helped by the acquisition of the luxury shoe brand Stuart Weitzman. Still this is the eighth straight quarter of falling sales for the company’s purses and accessories. Shares ended the day at $31.41, a gain of three percent.
Beazer Homes posted earnings that topped estimates, but revenue missed forecasts. The home builder saw new orders and closings rise in its most recent quarter. Still shares tumbled six percent to $17.93.
Time Inc., the publisher of Sports Illustrated, Time and People, swung to a profit in its latest quarter, as lower costs offset a decline in revenue. The results came despite weaker print ad sales and negative currency impacts. Shares rose 2.5 percent to $22.43.
Zillow saw its shares zoom higher after hours after posting bottom line results that were better than expected. The online real estate company’s revenue also grew and topped forecasts. Shares rose initially in after-hours trading. The stock was off three percent during the regular session to $74.20.
The video game company Activision Blizzard hiked its second-quarter outlook for the second quarter in a row. That came on the heels of a 15 percent increase in revenue helped by digital growth and more expansion in China. Shares initially surged in after-hours trading. Before the close shares were up just slightly to $25.67.
Dow component Travelers announcing some executive changes late today. Alan Schnitzer will succeed the current CEO Jay Fishman stating December first and he will join the board of directors. Shares were little changed in initial after-hours trading. During regular trading the stock was off a fraction to $106.63.