Trending In After-Hours: Adobe, FedEx, KB Home & La-Z-Boy Moving On Earnings

U.S. markets closed up on Tuesday, as Brexit fears eased, even in spite of Federal Reserve Chairwoman Janet Yellen’s warning about the risks the U.S. faces if the U.K. leaves the E.U. Now, let’s take a look into some stocks that continued to move in the after-hours session.

Shares of Adobe Systems Incorporated ADBE were down about 4.25 percent since the bell rang, following the announcement of the company’s second quarter financial results. Even though EPS of $0.71 beat the Street’s consensus by $0.03, and revenue of $1.4 billion (up 20.7 percent year over year) was in-line with expectations, investors seemed disappointed. It looks like what was driving the decline was the revenue guidance provided for the third quarter; management said it expects sales in the $1.42 billion to $1.47 billion range, mostly below consensus of $1.47 billion.

Also tumbling on its earnings report was FedEx Corporation FDX, which lost more than 0.55 percent since the market closed on Tuesday, in spite of a double beat. Fourth quarter EPS of $3.30 and revenue of $13 billion beat estimates by $0.02 and $220 million respectively.

On the other hand, there’s KB Home KBH, which gained roughly 2.5 percent in Tuesday’s after-hours session, driven by its second quarter results. EPS of $0.17 and revenue of $811 million came in $0.03 and $63.94 million ahead of analysts’ expectations, respectively.

Finally, La-Z-Boy Incorporated LZB was up 1.35 percent after posting EPS of $0.45 (which seem to have beat consensus of $0.48, although it is not clear if the figures are comparable yet) and revenue of $417.17 million, which came in $690K higher than expected.

Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.