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Stocks making the biggest moves after hours: Adobe, US Steel, and more

Traders work the floor at the NYSE in New York.
Brendan McDermid | Reuters

Check out the companies making headlines after the bell:

Shares of Adobe jumped nearly 3% during extended trading after the technology company reported $1.83 in adjusted earnings per share on $2.74 billion in revenue for the second quarter. Those figures topped consensus estimates for adjusted earnings of $1.78 per share on $2.70 billion, according to Refinitiv. The company also forecast third-quarter earnings of about $1.95 per share and $2.8 billion in revenue, below analyst projections for $2.05 in earnings per share and $2.83 billion in revenue.

U.S. Steel released guidance for the second quarter after the bell and saw its share price rise more than 1%. The Pittsburgh-based company expects adjusted earnings per share of $0.40.

La-Z-Boy's stock plunged 8% after the company reported fourth-quarter revenues below market expectations. The furniture manufacturer reported earnings of 64 cents per share on $454 million in revenue versus Refinitiv consensus estimates for earnings of 64 cents per share on $457 million in revenue, according to Refinitiv.

Additionally, La-Z-Boy CEO Kurt Darrow said it isn't clear if "the hangover of tariffs and geopolitical uncertainty" will continue to weigh on the company's performance.

Jabil rose 2% after its third-quarter revenue beat Wall Street estimates. The electronics manufacturer reported earnings of 57 cents per share on $6.14 billion in revenue, compared with Refinitiv consensus estimates for earnings of 57 cents per share and revenues of $6.01 billion.

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Mad Money

Adobe CEO: We're 'optimistic' about our prospects in the wake of tariffs

Key Points
  • "Our exposure to China in both of those is fairly minimal," he told the "Mad Money" host.
  • Adobe is riding the secular trends of design and creativity, two areas that Narayen said "have never been more important." People are creating content in a myriad of spaces, including for automobiles and retail experiences, he said. 
  • "Adobe is the content provider that enables all of these streams to be delivered with incredible content," Narayen said. "Given design is more important, given mobile devices are every single place, that's a tremendous tailwind."