Cadence, Zions Bancorp and more

Finance



Brendan McDermid | Reuters

A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company’s IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2017.

Check out the companies making headlines after the bell:

Cadence Design Systems shares soared more than 8 percent during after-hours trading Monday after the electronic software company beat analysts’ estimates in its third quarter earnings. The company reported earnings of 49 cents a share adjusted for one time items, according to Dow Jones. Analysts were expecting earnings per share of 41 cents.

Zions Bancorp shares rose 2 percent during after-hours trading upon the announcement that the company increased its net earnings in the third quarter from last year’s third quarter. The Salt Lake City, Utah-based bank reported net earnings of $215 million, or $1.04 a share, according to Reuters. This beat analysts’ estimates of 96 cents a share.

SS&C Technologies shares rose more than 6 percent after-hours upon the release of the company’s preliminary third quarter earnings. The software company expects its third quarter revenue to be in the range of $990 million to $992 million, up about 137 percent from 2017’s third quarter revenue of $418 million.

Adjusted net income is also expected to be between $196.9 million to $199.8 million, up from the company’s guidance from the second quarter of 2018 of $162 million to $168 million.



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