Stocks making the biggest moves after hours: ADSK, MRVL & more


Check out the companies making headlines after the bell Tuesday:

Shares of Autodesk tumbled nearly 10 percent in extended trading, after CEO Andrew Anagnost announced a plan for restructuring, “divesting from some areas and increasing our investment in others.” The software company, best known for AutoCAD, had just reported third quarter earnings and revenue that beat Wall Street expectations, but posted weaker than anticipated guidance for the coming quarter.

Shares of Nuance Communications jumped more than 5 percent in extended trading, after the speech and imaging applications provider reported third quarter earnings that beat Wall Street expectations.

Marvell Technology Group stock gained 2.6 percent in after-hours trading, after the chipmaker reported earnings and revenue that beat Wall Street expectations.

Wesco Aircraft Holdings shares fell nearly 16 percent after the bell Tuesday. The aerospace supply chain management services provider missed on earnings and revenue, and reported a fourth-quarter loss of $38.3 million. In the year ago quarter, Wesco had reported a profit, according to Thomson Reuters.

Source link

Products You May Like

Articles You May Like

3 reasons ethereum is a better bet than bitcoin
Few parents actually plan to use 529s to pay for private school
Market in ‘earnings void right now,’ but it will bounce back, says investor
Twitter price target raised to $52 by UBS, citing World Cup
Aging in place vs. assisted living … It’s complicated

Leave a Reply

Your email address will not be published. Required fields are marked *