Shares of CenterPoint Energy, Inc. (CNP: Quote) rose more than 4% in after hours trading after the company said it has reached an agreement with OGE Energy Corp. (OGE) and ArcLight Capital Partners, LLC to form a master limited partnership that will include CenterPoint Energy’s interstate pipelines and field services businesses and the midstream business of Enogex LLC, owned jointly by subsidiaries of OGE and Arclight.
Bank of America Corp. (BAC: Quote) shares gained more than 3% in extended hours trading after the bank holding company said its Board of Directors has authorized the repurchase of up to $5.0 billion of common stock and the redemption of about $5.5 billion in preferred stock after the Federal Reserve approved the company’s capital plan, including proposed capital actions, in its 2013 Comprehensive Capital Analysis and Review.
Shares of Goldman Sachs Group, Inc. (GS: Quote) and JP Morgan Chase & Co. (JPM: Quote) fell more than 1% and 2%, respectively, in late trading after the Fed asked the two financial institutions to submit new capital plans by the end of the third quarter to address weaknesses in their capital planning processes.
Great Lakes Dredge & Dock Corp. (GLDD: Quote) shares tumbled more than 29% in after hours trading after the dredging services company said it will restate its second and third quarter results because of problems with the way it recorded revenue. The company also announced the departure of its president and chief operating officer Bruce Biemeck.
Shares of Ulta Salon, Cosmetics & Fragrance Inc. (ULTA: Quote) slumped more than 14% in extended hours trading after the beauty retailer forecast first quarter revenue and earnings below analysts’ current consensus estimates.
Aeropostale, Inc. (ARO: Quote) shares lost more than 7% in late trading after the teen apparel retailer posted a fourth quarter loss and forecast another for the first quarter.
To receive FREE breaking news email alerts for CenterPoint Energy Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News