The companies which are expected to see active trade on Wednesday are NIKE, Red Hat, Bed Bath & Beyond, Tibco Software, Xilinx, Hovnanian Enterprises and Walgreen.
NIKE Inc. (NYSE:NKE) shares declined 5.73 percent to $87.01 in the post-market trading hours on Tuesday. Late Tuesday, the company reported second-quarter net profit of $457 million, or $0.94 per share, up from $375 million or $0.76 per share in the same period a year ago. But CEO Mark Parker warned of margin pressure in the quarters ahead as input costs rise.
Red Hat Inc. (NYSE:RHT) shares declined 2.67 percent to $46.60 in the afterhours trading session. The company’s third quarter net income rose 59 percent to $26 million, or $0.13 per share, from $16.4 million, or $0.08 per share in the same quarter a year ago. Revenue rose 21 percent to $235.6 million.
Bed Bath & Beyond (NASDAQ:BBBY) is expected to report third quarter net income of $0.66 per share compared to $0.58 per share in the same period last year. The company shares declined 0.06 percent to $47.52 in the after-hours trading session.
Tibco Software, Inc. (NASDAQ:TIBX) shares climbed 5.00 percent to $22.24 in the after-hours session. The company's fourth quarter net profit rose to $37.5 million or $0.22 per share on revenue of $241.2 million, up from $31.7 million or $0.18 per share in the same quarter a year ago.
Xilinx Inc. (NASDAQ:XLNX) lowered its third-quarter revenue outlook for the third quarter, citing to weaker than expected sales to a few large communications customers specifically in its wireless segment. The company declined 3.56 percent to $27.38 in the afterhours trading session on Tuesday.
Hovnanian Enterprises, Inc. (NYSE:HOV) shares declined 2.29 percent to $4.26 in the post market trading hours. The company’s fourth quarter net loss narrowed on lower land-related charges from a year earlier. Hovnanian reported a net loss of $132.1 million, or $1.68 per share, from a loss of $250.8 million, or $3.21 per share, a year ago.
Walgreen Co. (NYSE:WAG) shares advanced 0.46 percent to $37 in the post market trading session on Tuesday. The company is expected to earn $0.54 per share in the first quarter compared to $0.49 per share in the same quarter last year.