First Data shares slip as large shareholder to unload stock in secondary offering

First Data Corp. shares slipped in the extended session Monday after the payment-processing firm announced a large shareholder plans to sell shares in a secondary offering. First Data shares fell 2.9% to $18.31 after hours. The company said New Omaha Holdings LP plans to sell 85 million shares in deal that includes Bank of America Merrill Lynch, Citigroup and KKR as bookrunners. First Data will receive no proceeds from the sale. First Data has about 923 million shares outstanding.

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Synnex shares fall as earnings outlook misses Street view

Synnex Corp. shares fell in the extended session Thursday after the business process services company’s earnings outlook fell short of Wall Street estimates. Synnex shares fell 8% after hours, following a 3.5% gain to close at $118.40 in the regular session. For the second fiscal quarter, Synnex estimates adjusted earnings of $2.25 to $2.35 a share on revenue of $4.58 billion to $4.78 billion. Analysts expect earnings of $2.41 a share on revenue of $4.75 billion. The company reported fiscal first-quarter net income of $24.4 million, or 61 cents a share, compared with $61.8 million, or $1.54 a share, in the year-ago period. Adjusted earnings were $2.14 a share. Revenue rose to $4.55 billion from $3.52 billion in the year-ago period. Analysts surveyed by FactSet had estimated $2.11 a share on revenue of $4.47 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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