DXC Technology, Cloudera, Korn Ferry and more

Workers from Vivint Solar put in photo voltaic panels on the roof of a property.

Anne Cusack | Los Angeles Times | Getty Images

Check out the organizations building headlines right after the bell.

DXC Engineering — The engineering assistance corporation saw its stock climb 37% in prolonged buying and selling just after the firm announced that it is offering its U.S. point out and community well being and human products and services small business to Veritas Money for $5 billion in income. The sale is predicted to near no later on than December 2020. “Throughout this system, we will proceed to closely have interaction with all of our stakeholders to ensure that we satisfy our commitments and present a seamless changeover for our shoppers and our people,” DXC President and CEO Mike Salvino stated in a statement. 

Cloudera — The application company’s inventory soared 11% in extended investing soon after the company conquer analysts’ estimates on profits in the fourth quarter. The corporation claimed earnings of $211.6 million, when analysts polled by Refinitiv estimated $201.8 million. Having said that, Cloudera noted a more substantial decline than envisioned. The organization stated it had a decline of 22 cents per share excluding some goods, even though analysts had expected a loss of only 3 cents for each share. For fiscal year 2021, Cloudera presented advice that provided earnings of 25 cents to 29 cents for each share, whilst analysts estimated a decline of 1 cent per share. “We feel the opportunity for Cloudera has under no circumstances been larger,” CEO Rob Bearden explained in a assertion.

Vivint Solar — Shares of the photo voltaic electrical power business tumbled 8% in extended trading following the business described a reduction of 27 cents for each share in the fourth quarter. Analysts polled by FactSet predicted a wider reduction of 33 cents for every share. The business also missed analysts’ estimates on income. Vivint Photo voltaic described revenue of $77.1 million, while analysts predicted $88.2 million, according to FactSet. 

Korn Ferry — The administration consulting firm noticed its inventory dip 3% in prolonged investing following the company reported the coronavirus “has clouded the in close proximity to-term predictability of our small business” in its third-quarter earnings release. Korn Ferry declined to deliver distinct assistance on earnings and income for the fourth quarter. Even so, the company posted a double beat on 3rd-quarter earnings and earnings. Korn Ferry claimed earnings of 75 cents for every share excluding some things on earnings of $515.3 million, whilst analysts estimated earnings of 73 cents for each share on income of $500.3 million, in accordance to FactSet. 

Western Union — The fiscal products and services company’s stock fell 4% just after the closing bell. It was declared earlier these days by the Federal Trade Commission that around $153 million in refunds is currently being mailed to 109,000 Western Union shoppers who were victims of fraud. The FTC alleged that for numerous years Western Union was mindful that criminals have been employing its dollars procedure to defraud buyers and that some Western Union brokers ended up complicit in the fraud. The FTC also alleged that Western Union failed to have effective anti-fraud insurance policies in put. The $153 million refund represents the initial round of compensation in a $586 million settlement Western Union reached with the FTC, the U.S. Department of Justice and the U.S. Postal Inspection Company. “Western Union turned a blind eye to the fraudulent payments manufactured by its cash transfer process,” reported Andrew Smith, Director of the FTC’s Bureau of Shopper Security. “We are glad to be returning money to these consumers who have been ripped off by fraudsters exploiting the Western Union system, and we will not tolerate Western Union or other payment businesses facilitating fraud.”

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