Traders work the floor at the NYSE in New York.
Brendan McDermid | Reuters
Check out the companies making headlines after the bell:
Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $ 1.83 in adjusted earnings per share on $ 2.74 billion in revenue for the second quarter. Those figures topped consensus estimates for adjusted earnings of $ 1.78 per share on $ 2.70 billion, according to Refinitiv. The company also forecast third-quarter earnings of about $ 1.95 per share and $ 2.8 billion in revenue, below analyst projections for $ 2.05 in earnings per share and $ 2.83 billion in revenue.
U.S. Steel released guidance for the second quarter after the bell and saw its share price rise more than 1%. The Pittsburgh-based company expects adjusted earnings per share of $ 0.40.
La-Z-Boy‘s stock plunged 8% after the company reported fourth-quarter revenues below market expectations. The furniture manufacturer reported earnings of 64 cents per share on $ 454 million in revenue versus Refinitiv consensus estimates for earnings of 64 cents per share on $ 457 million in revenue, according to Refinitiv.
Additionally, La-Z-Boy CEO Kurt Darrow said it isn’t clear if “the hangover of tariffs and geopolitical uncertainty” will continue to weigh on the company’s performance.
Jabil rose 2% after its third-quarter revenue beat Wall Street estimates. The electronics manufacturer reported earnings of 57 cents per share on $ 6.14 billion in revenue, compared with Refinitiv consensus estimates for earnings of 57 cents per share and revenues of $ 6.01 billion.
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