3 Stocks Hitting Radars in Late Trading: Zumiez Zooms, Marriot Increases Revenue, and Yahoo Falls Back to Reality
Shares of Zumiez (NASDAQ:ZUMZ) are trading more than 13% higher after the bell as the company reports a rise in sales. The company said September sales at stores opened for at least one year rose 10.1%. Total net sales for the five weeks ended Oct. 1 increased 18.3% to $52.9 million. The company also raised its Q3 outlook. Competitors include Hot Topic (NASDAQ:HOTT) and Pacific Sunwear of California (NASDAQ:PSUN).
Marriot International (NYSE:MAR) is higher in late trading. Despite reporting a Q3 loss of $179 million (52 cents per share), the company reported a 9% increase in revenue.
After closing 10% higher during regular market hours, Yahoo (NASDAQ:YHOO) is falling back down to reality in late trading as Microsoft (NASDAQ:MSFT) denies buyout rumors. Despite Rueters reporting that Microsoft was considering another bid for Yahoo, the Wall Street Journal reports that Microsoft is not making another offer for the internet portal giant. Microsoft offered to buy Yahoo for $31 per share in 2008, but Yahoo denied. Now, Yahoo trades near $15.