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After-hours buzz: Yum Brands, Nu Skin, Adobe & more

Traders work on the floor of the New York Stock Exchange.
Getty Images
Traders work on the floor of the New York Stock Exchange.

Check out the companies making headlines after the bell Tuesday:

Adobe Systems tumbled about 8 percent after the software company handed in a three-year growth strategy and gave disappointing financial targets. Adobe expects earnings of about $2.70 a share for 2016 and sees revenue coming in at about $5.7 billion, missing Wall Street forecasts for earnings of $3.19 a share on $5.93 billion in revenue.

YUM Brands plunged as much as 18 percent after the restaurant operator reported third-quarter results and said its Chinese division was recovering at a slower-than-expected pace. The company, which owns KFC, Pizza Hut and Taco Bell brands, reported adjusted earnings of $1 a share on $3.43 billion in sales, versus estimates of $1.07 a share on $3.68 billion. Fellow fast food operators McDonald's and Wendy's fell in sympathy.

Starbucks named Gerri Martin-Flickinger as its first chief technology officer effective Nov. 2. Martin-Flickinger most recently served as Adobe's senior vice president and chief information officer, overseeing the company's IT team. The coffee retailer said technology is an important part of its growth strategy as it looks for new ways to increase revenue. Shares were down about 1 percent in extended trading.

Nu Skin Enterprises saw its shares plummet 16 percent after the company said its third-quarter results were negatively impacted by lower-than-expected sales of new cosmetic oils in China. Nu Skin, which markets personal care products, expects third-quarter sales of between $570 million and $573 million, compared to estimates of $622 million. It also expects the strong dollar to lower full-year revenue by more than $60 million, year-over-year.

Goodyear Tire & Rubber upped its quarterly dividend by a penny to 7 cents a share. Shares were marginally lower after hours.