Bed Bath & Beyond Inc (NASDAQ:BBBY) was making waves after the bell on Wednesday.
The home retailer initially jumped 7% but then went lower, shedding nearly 5% to US$23.36 in New York, after posting third quarter results.
Bed Bath & Beyond's worse than expected results and 2.6% decline in same store sales made its share price nosedive more than 12% down pic.twitter.com/YdqGXtu9fA
— Reza Mohseni (@R_Mohseni) 20 September 2017
Discounting and promotions helped prevent sales falling but net income halved in the three months, compared to the same period last year.
Meanwhile, PG&E (NYSE:PCG) saw shares plunge over 12% at US$44.85 in extended trade as the natural gas giant revealed it would suspend its quarterly dividend, amid uncertainty related to the wildfires in the state of California.
Also, Horizon Global Corp (NYSE:HZN) shares gained 1.6% after the bell to stand at US$14.60 each.
The towing equipment company announced it settled a four-year-old dispute with rival Hopkins over patent rights to electronic brake controllers. It means, Hopkins will pay Horizon for a license on the patented controller.
Last but not least, Telenav Inc (NASDAQ:TNAV) shares added over 5% to US$ 5.05 after the in-car navigation and marketing company raised its second-quarter earnings and revenue guidance.
It comes after Ford Motor Company (NYSE:F), whose shares added 0.24% to US$12.75 in extended deals, extended an existing agreement with Telenav until 2020.
The automaker said it will also use Telenav's technology for its vehicles in North America.