After-Hours Movers: 5 Stocks Spiking On Earnings

U.S. stocks closed slightly higher on Tuesday, as losses in the energy sector were offset by a surge in healthcare stocks, as investors awaited monetary policy decisions out of the United States and Japan on Wednesday.

After the market closed, Adobe Systems Incorporated ADBE reported its Q3 financial results. EPS of $0.75 and revenue of $1.46 billion both beat the Street’s consensus by $0.02 and $10 million, respectively. For the ongoing quarter, management said it expects EPS of $0.83 to $0.89, above estimates of $0.78, and sales of $1.55 billion to $1.6 billion, mostly in line with expectations for $1.57 billion. Shares traded up about 4.6 percent on Tuesday’s after-hours session.

FedEx Corporation FDX also spiked, almost 1.3 percent, since the bell rang, on a top and bottom line beat. Q1 EPS of $2.90 beats estimates by $0.12, while revenue of $14.7 billion, up almost 20 percent year-over-year, came in $890 million ahead of expectations. The company said the TNT Express integration has been "proceeding smoothly," with related costs in line with expectations. For the full year, management guided for EPS of $10.85-$11.35, excluding TNT Express-related integration costs.

Yet another stock up on its earnings was KB Home KBH, up more than 3.8 percent since the market closed. The homebuilder posted Q3 EPS of $0.42, $0.03 ahead of expectations, even though revenue of $913.28 million fell about $30.86 million below them.

Finally, there’s E Commerce China Dangdang Inc (ADR) DANG, which was up 0.15 percent ahead of its earnings report, same as Copart, Inc. CPRT, which gained 0.8 percent in after-hours, before the quarterly figures were out.

 

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.

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Posted In: EarningsNewsGuidanceAfter-Hours CenterMovers
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