Category: Companies / July 31, 2013 6:13 PM EDT
CBS Corporation (NYSE: CBS) reported higher than expected results after the bell Wednesday, as the broadcaster issued second-quarter earnings of 76 cents a share on revenue of $3.70 billion.
As of 5:45 p.m. Eastern, shares of CBS rose 1.25 percent to $53.50 per share in after-hours trading.
Yelp Inc (NYSE: YELP) shares soared over 7 percent as the internet rating and review services company posted a loss of a penny a share on revenue of $55 million, beating analysts’ expectations for a loss of 4 cents a share on sales of $53 million for the second-quarter.
Shares of Yelp jumped 7.18 percent to $44.80 a share in extended-hours trading.
Whole Foods Market, Inc. (Nasdaq: WFM) beat Wall Street estimates for the company’s fiscal third-quarter as the grocer posted earnings of 38 cents a share, a penny above expectations, on revenue of $3.06 billion.
Shares of Whole Foods fell 1.58 percent to $54.70 per share after the bell.
The Allstate Corporation (NYSE: ALL) topped profit estimates and posted second-earnings of $1.12 a share on revenue of $7.15 billion.
Shares if Allstate edged up 0.46 percent to $50.98 per share.
On the earnings calendar for Thursday: Exxon Mobil Corporation (NYSE: XOM), Conoco Philips (NYSE: COP), The Procter & Gamble Company (NYSE: PG), Time Warner Cable Inc (NYSE: TWC), DirecTV (Nasdaq: DTV).
Wall Street closed mixed on Wednesday, but posted its best July in three years, after the Federal Reserve issued a statement saying it would maintain its current monetary policy.
On the economic calendar for Thursday, economists will look to weekly jobless claims data, the Markit PMI manufacturing flash index and the ISM manufacturing survey.
The Dow Jones industrial average fell 21.05 points, or 0.14 percent, to close at 15,499.54. The S&P 500 Index slipped 0.23 points, or 0.01 percent, to close at 1,685.73. The Nasdaq Composite Index rose 9.90 points, or 0.27 percent, to finish at 3,626.37.