Stock Market

Pankaj Nangia | Bloomberg | Getty Images

Check out the companies making headlines in extended trading.

Cadence Design Systems – Shares of computer software company gained 5% after hours following the company’s quarterly earnings reports. Earnings and revenue for the first quarter both came in above consensus forecasts, according to FactSet. The company also issued upbeat full year earnings and revenue guidance.

Heidrick & Struggles – The executive search firm’s shares fell more than 4% in extended trading, despite reporting an increase in profit and revenue for the first quarter. The company also recorded a slew of increased spending for consolidates salaries and benefits, cost of services and administrative expenses.

SBA Communications Corporation – Shares of the wireless communications company saw its stock rise 1.5% after reporting quarterly results, which included adjusted EBITDA that beat FactSet estimates and better-than-expected full year financial guidance. The company also announced it’s repurchasing 1.3 million shares.

Packaging Corp of America – The packaging company’s shares advanced 1.6% after company earnings. Adjusted EBITDA for the first quarter came in at $467.2 million, compared to FactSet estimates of $443.1 million.

Articles You May Like

California Supreme Court to revisit pension reform issues
GASB working on improving disclosure for infrastructure projects
Microsoft and Alphabet enjoy AI-powered gains from cloud divisions
BHP proposes takeover of Anglo American in mining mega-deal
Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more