Michael Dell, Dell CEO, delivers a keynote address during the 2013 Oracle Open World conference on September 25, 2013 in San Francisco, California.
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Check out the companies that hit the headlines on Wednesday after the bell:
American Eagle – The youth apparel retailer’s inventory rose 4% after the company expected sales to exceed $ 1 billion in the first quarter of fiscal. That’s about $ 100 million more than analysts’ expectations.
Coinbase – The stocks of the cryptocurrency exchange rose 2% after their first day of trading. On its market debut, Coinbase hit a high of $ 429.54 per share before closing at $ 328.28 per share.
Dell – The computer maker’s shares rose 8% after the company announced it would outsource 81% of its VMware stake and form two separate public companies. VMware will pay a special cash dividend of $ 11.5 billion to $ 12 billion to shareholders.
Costco – Costco stock rose slightly after the company increased its quarterly dividend from 70 cents per share to 79 cents per share, an increase of 12.9%.