After-Hours Buzz: Adobe, La-Z-Boy, Teva Pharmaceuticals & More
Check out which companies are making headlines after the bell Tuesday:
Adobe Systems - The computer software company posted earnings of 36 cents a share, topping expectations for 33 cents a share, while revenue was in line with consensus at $1.01 billion. For the current quarter, Adobe expects earnings of 29 cents to 35 cents a share vs. expectations of 35 cents a share. Shares rallied in extended-hours trading.
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La-Z-Boy - The furniture manufacturer posted earnings of 30 cents a share on sales of $360 million, edging past estimates for 28 cents a share on sales of $358 million. Shares climbed in extended-hours trading.
Teva Pharmaceutical - Maxim Group initiated coverage of the pharmaceutical company with a "buy" rating and a price target of $56 a share. Shares edged higher in extended-hours trading.
HealthSouth - The health-care company reiterated its full-year earnings guidance of between $1.61 a share and $1.68 a share, versus expectations for $1.73 a share ahead of its conference. Shares were largely unchanged in extended-hours trading.
Fulton Financial - The financial-services company extended the expiration date of its current buyback program to the end of September from the end of June. To date, the company has approximately 193.6 million shares of stock outstanding. Shares gained in extended-hours trading.