Stocks Making the Biggest Moves After Hours: Keysight Technologies, La-Z-Boy, Dolby Laboratories and More
Keysight Technologies Shares Jump After Earnings Beat
Shares of Keysight Technologies (KEYS) jumped 5% in after-hours trading on Wednesday after the company reported better-than-expected earnings for the fourth quarter.
Keysight reported earnings per share of $1.94, beating the consensus estimate of $1.87. Revenue also came in above expectations, with the company reporting revenue of $1.28 billion, compared to the consensus estimate of $1.26 billion.
La-Z-Boy Shares Rise on Strong Sales
Shares of La-Z-Boy (LZB) rose 3% in after-hours trading on Wednesday after the company reported strong sales for the fourth quarter.
La-Z-Boy reported sales of $628.8 million, up 11.7% from the same period last year. The company said that the increase in sales was driven by strong demand for its recliners and sofas.
Dolby Laboratories Shares Fall After Earnings Miss
Shares of Dolby Laboratories (DLB) fell 2% in after-hours trading on Wednesday after the company reported earnings that missed analysts' expectations.
Dolby reported earnings per share of $0.72, missing the consensus estimate of $0.75. Revenue also came in below expectations, with the company reporting revenue of $368 million, compared to the consensus estimate of $373 million.
Other Stocks Making Moves in After-Hours Trading
- Avalanche Biotechnologies (AVL) shares rose 10% after the company announced positive results from a Phase 2 clinical trial of its lead drug candidate.
- Cassava Sciences (SAVA) shares fell 20% after the company announced that the FDA had placed a clinical hold on its experimental Alzheimer's disease drug.
- Catalent (CTLT) shares rose 1% after the company announced that it had acquired Metrics Contract Services, a provider of clinical trial services.
- Etsy (ETSY) shares fell 3% after the company reported earnings that missed analysts' expectations.
