After-Hours Buzz: ADBE, WSM, CTAS & More
Check out which companies are making headlines after the bell Tuesday:
Adobe Systems - The computer software company posted earnings of 35 cents a share, excluding one-time items, on revenue of $1.01 billion, topping expectations for 31 cents a share on sales of $986 million. Shares jumped in extended-hours trading.
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William-Sonoma - The high-end kitchenware retailer posted earnings of $1.34 a share, on sales of $1.41 billion, edging past expectations for $1.29 a share on revenue of $1.40 billion. The company also provided full-year guidance that exceeded Wall Street estimates. In addition, the company increased its quarterly dividend to 31 cents a share and announced a $750 million share repurchase program. Shares rallied in extended-hours trading.
Cintas - The maker of uniforms posted earnings of 60 cents a share on revenue of $1.08 billion, against estimates for 62 cents a share on revenue of $1.06 billion. In addition, the company handed in a full-year earnings guidance that was mixed. Shares edged lower in extended-hours trading.
Francesca Holdings - The clothing retailer posted earnings of 33 cents a share on revenue of on sales of $87 million, beating estimates for 30 cents a share on revenue of $85 million. In addition, the company handed in current-quarter revenue and full-year earnings guidance that topped Wall Street expectations. Shares surged in extended-hours trading.
Autodesk - The software company acquired Firehole Technologies, a privately-held software company that specializes in design, but financial terms of the agreement were not disclosed.
Yahoo - The Internet company is in talks to purchase a 75 percent stake in video site Dailymotion at approximately $300 million, according to a Dow Jones report, citing sources. Shares edged lower in extended-hours trading.
Regions Financial - The regional bank's board authorized a repurchase program for up to $350 million of the company's common stock. Shares rose in extended-hours trading.
Sarepta Therapeutics - William Blair initiated coverage of the medical research and drug development company with an "outperform" rating and a price target of $52, sending shares higher in extended-hours trading.
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