Market Overview

Adobe, Aeropostale & Shoe Carnival Moving After Hours


Shares of Adobe Systems Incorporated (NASDAQ: ADBE) were trading up roughly 6 percent on Thursday’s after-hours session, following the announcement of the company’s first quarter results. The software provider posted earnings of $0.66 per share, $0.06 above the Street’s consensus, on revenue of $1.383 billion, which also beat expectations for $1.325 in sales.

Management attributed the beat to robust subscriber growth for its Creative Cloud software package. "Strong cloud adoption drove record Creative and Marketing Cloud revenue in Q1," said CFO Mark Garrett. The company guided for second quarter earnings in the range of $0.64 to $0.70 per share on revenue of $1.365 billion to $1.415 billion. Analysts are modeling EPS of $0.64 on revenue of $1.383 billion.

Aeropostale Inc (NYSE: ARO) was trading down more than 40 percent, following the announcement of the company’s fourth quarter results. The retailer reported a net loss of $(0.14) per share on revenue of $498.04 million; the Street was expecting EPS of $0.00 on revenue of $549.33 million. Management said that it was focusing its efforts on turning around its declining sales. The company will review strategic alternatives, including a potential sale of the company.

Shoe Carnival, Inc. (NASDAQ: SCVL) gained about 5.6 percent after the bell rang. The small-cap footwear retailer delivered earnings of $0.21, 50 percent higher than expected, on revenue of $233.67 million.

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

Posted-In: Earnings News Guidance After-Hours Center Movers


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