Dell CEO Michael Dell delivers a keynote handle in the course of the 2013 Oracle Open World convention on September 25, 2013 in San Francisco, California.
Justin Sullivan | Getty Photographs
Take a look at the businesses making headlines after the bell on Wednesday:
American Eagle — The teenager attire retailer’s inventory rose 4% after the corporate mentioned it expects fiscal first-quarter gross sales to prime $1 billion. That is about $100 million above analyst expectations.
Coinbase — Shares of the cryptocurrency trade ticked up 2% after its first day of buying and selling. In its market debut, Coinbase hit a excessive of $429.54 per share earlier than closing at $328.28 per share.
Dell — Shares of the pc producer popped 8% after the corporate introduced it’ll spin off 81% of its VMware stake, forming two standalone publicly traded corporations. VMware will distribute a particular money dividend of $11.5 billion to $12 billion to shareholders.
Costco — Costco shares rose barely after the corporate elevated its quarterly dividend to 79 cents per share from 70 cents per share, a rise of 12.9%.