Category: Companies / September 4, 2013 7:10 PM EDT
Wall Street closed higher on Wednesday following a better-than-expected Beige Book report from the Fed on the U.S. economy, while fears of possible U.S. military strikes in Syria continued to weigh on investors.
BlackBerry Ltd (NASDAQ: BBRY) edged higher in extended-hours trading on news the company is looking to find a buyer by the month of November, according to a Dow Jones report. The smartphone maker announced it was exploring "strategic alternatives" in August.
Shares of BlackBerry rose 1.58 percent to $10.92 after the bell.
Greif, Inc. (NYSE: GEF) reported fiscal third quarter earnings of 80 cents per share on revenue of $1.13 billion, below Wall Street estimates. Operating profit increased 14 percent to $96.7 million.
The industrial packaging company also maintained its fiscal 2013 forecast between $475 million to $500 million.
On Wednesday, shares fell 4.54 percent to $53.35 in after-hours trading.
NCI Building Systems, Inc. (NYSE: NCS) reported fiscal third quarter earnings of 2 cents per share excluding items, while sales rose 6.3 percent to $317.2 million, compared to the same quarter last fiscal year. Although the company beat forecasts for a loss, revenue came in below analysts’ forecasts.
"Given that low-rise nonresidential construction starts have declined in the first nine months of fiscal 2013, we think it is unlikely the market will recover sufficiently to post annual growth in volume,” said Norman C. Chambers, Chairman, President and CEO.
Shares of NCI Building Systems plunged 11.67 percent to $10.60 in extended-hours trading.
The Dow Jones industrial average gained 96.91 points or 0.65 percent, to close at 14,930.87. The S&P 500 rose 13.31 points or 0.81 percent, to end at 1,653.08. The Nasdaq Composite added 36.43 points or 1.01 percent, to finish at 3,649.04.
Video Credit: Reuters