After-hours buzz: Analog Devices, Intuit, La-Z-Boy & more
Check out which companies are making headlines after the bell Tuesday:
Analog Devices reported fiscal third-quarter earnings of 57 cents per share excluding items, beating forecasts for 54 cents per share. Revenue came in at $674 million, ahead of Street estimates for $671.8 million. For the fourth-quarter the chip company sees earnings of 55 cents to 61 cents per share, versus estimates for 39 cents per share. The stock fell in late trading.
Business and tax software company Intuit broke even on a per share basis excluding items for its fiscal fourth quarter, on revenue of $634 million. Earnings met expectations but sales were better than the $622 million the Street was looking for. Looking ahead, Intuit sees a first-quarter loss of 10 cents to 11 cents per share on revenue of $595 million to $605 million. It also hiked its quarterly dividend by 12 percent. Intuit shares were lower in after-hours trading.
La-Z-Boy posted first-quarter earnings of 18 cents per share on revenue of $318 million. Analysts were expecting 15 cents per share in earnings on revenue of $323 million. Same-store written sales for the company's furniture galleries store network rose 12.7 percent for the quarter. The stock moved higher in late trading.
Elsewhere, Bottomline Technologies, which provides cloud-based payment solutions, reported earnings of 32 cents per share for its fiscal fourth quarter on revenue of $65 million. Analysts were looking for 29 cents per share on revenue of $65 million.
In other news, Quest Diagnostics increased its stock buyback authorization by $1 billion, bringing the total authorization to approximately $1.3 billion.
3-D printing company 3D Systems acquired CRDM. Terms of the deal were not disclosed.