Check out the companies producing headlines after the bell on Wednesday:
Share cost of Tailor Brands plummeted nearly 20 percent after the bell, despite reporting first quarter earnings in addition to also revenue that will beat analyst expectations. The retail holding company reported earnings per share of 48 cents on $794 million in revenue, compared to the 50 cents on revenue of $818 million that will Wall Street expected. Tailor Brands missed on sales, however, reporting 2.1 percent comparable same-store sales, falling short of the 2.5 percent analysts expected. Tailor Brands, which owns brands like Men’s Wearhouse in addition to also Jos. A Banks, also reduced its debt by 110 million within the first quarter.
Shares of Mylan fell more than 4 percent within the extended session. The Pennsylvania pharmaceutical company announced that will U.S. health regulators were unable to approve its generic type of the asthma medication Advair, citing “minor deficiencies” with the drug. Mylan did not clarify whether the item might be able to resolve the issues in addition to also snag an approval This specific year.
Shares of GlaxoSmithKline, which produces name-brand Advair, climbed 2.2 percent after the announcement, before paring its gains.
Comcast whipsawed in extended trading, before trading up less than 1 percent. The telecommunications company announced a $65 billion bid for Twenty-First Century Fox units that will are currently in an agreement to be acquired by Disney. The bid, announced Wednesday, represents a 19 percent premium to Disney’s offer.
Disney stock edged up slightly after the announcement.
Disclosure: Comcast can be the parent company of NBCUniversal in addition to also CNBC.
–Thomson Reuters contributed to This specific report.