Market Insider

After-hours buzz: DavidsTea, La-Z-Boy, Adobe & more

Check out the companies making headlines after the bell Tuesday:

Traders work on the floor of the New York Stock Exchange.
Brendan McDermid | Reuters

Adobe Systems - The software maker beat second-quarter earnings estimates and reported revenue that was in line. However, shares declined about 1 percent in extended-hours trading.

Bob Evans - Shares rose about 4 percent after the restaurant operator said fiscal-fourth-quarter earnings increased 12 percent from a year ago, while net sales rose 1.8 percent.

La-Z-Boy - The furniture manufacturer reported adjusted fourth-quarter earnings of 38 cents per share, in line with projections, on revenue of $375 million, compared with estimates of $379 million. The stock fell about 4 percent.

DavidsTea - In its first earnings report since its IPO, the Canadian beverage maker said its adjusted earnings decreased 33 percent from a year ago, while sales grew 29 percent over the same period. The company also said it expects a second-quarter loss of between 8 Canadian cents a share and 9 Canadian cents a share. The stock plunged nearly 12 percent on the news.

Arena Pharmaceuticals - The biotech firm said its chief financial officer, Robert Hoffman, would leave the company on July 10 to pursue other interests. Shares fell as much as 5 percent in light volume after hours.