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

·2 mins


Companies Making Headlines in After-Hours Trading #

Adobe stock tumbled 10% due to weak guidance for current-quarter revenue. However, Adobe surpassed analysts’ predictions in its fiscal first quarter and announced a $25 billion share buyback.

Ulta, the beauty retailer, slipped 5% as full-year earnings expectations came in on the low end of Wall Street’s forecast. Ulta expects earnings between $26 and $27 per share for the entire year, under analysts’ expectation of $27.

The advertising platform, Cardlytics, surged 37% after becoming positive on adjusted earnings for the full year. Cardlytics also offered stronger guidance for current-quarter financials.

PagerDuty, the incident response platform, saw a 9% decrease in shares after weaker-than-expected earnings and revenue guidance for both the current quarter and full year, despite beating analysts’ estimates in the fourth quarter.

Zumiez, the specialty retailer, dropped 5% after providing a weak outlook for the current quarter. Zumiez expects a loss per share between $1.09 and $1.19, while analysts anticipated a loss of 34 cents. Quarterly revenue is projected to be between $167 million and $172 million.

Smartsheet, the business software provider, retreated by 7% as revenue guidance disappointed Wall Street. Smartsheet expects revenue between $257 million and $259 million in the current quarter and $1.113 billion and $1.118 billion for the full year, below analysts’ forecasts.

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