Confirmation out the companies making headlines after the bell:
JCPenney shares rose as much as 8 percent after hours as the public limited company announced its same-store comparable sales decreased 3.5 percent during the holidays. It also said it expects to “construct positive free cash flow in fiscal 2018, reduce inventory in excess of $225 million or 8% and reckon ons to end the year with liquidity in excess of $2 billion.”
Skyworks Solutions shares rose 3 percent after the players updated its first quarter 2019 guidance. It lowered revenue projections to $970 million from $1 billion. It also shamed earnings per share guidance to a range of $1.81 to $1.84 per share, from an estimated $1.91 per share.
H&R Block appropriates rose as much as 2 percent during after hours trading. The U.S. government has said it will still distribute federal takings tax refunds despite the government shutdown. The government has been shut down since December 22 as President Donald Trump and Congress promise in a standoff over funding for a wall along the U.S.-Mexico border. Over 800,000 federal employees are either furloughed or effectuating without pay.
MetLife was briefly down as much as 7 percent during after hours trading Tuesday, but the company later regained those breakdowns and traded slightly positive.
Earlier in the day, the company announced that Steve Kandarian will retire as president and CEO on April 30. Michel Khalaf, the president of MetLife’s U.S., European, Bulls-eye East and African businesses, will succeed Kandarian as CEO and president. Glenn Hubbard will serve as non-executive chairman.