Several companies are drawing attention in after-hours trading lately. Zoom Communications saw its shares climb roughly 4% following a report of third-quarter profits that exceeded expectations, along with a positive forecast for the rest of the year. The earnings came in at $1.52 per share, excluding $1.23 billion in items, which was better than the analyst estimates of $1.44 and $1.21 billion according to LSEG. Furthermore, the company has upped its share buyback authorization by an additional $1 billion.
SanDisk also experienced a significant boost, with its stock jumping 9% after S&P Dow Jones Indices announced that it would be added to the S&P 500, replacing Interpublic Group of Companies.
Meanwhile, Symbotic, an automation technology firm, saw its shares surge by 14%. This was fueled by fourth-quarter revenue that outstripped estimates and a promising outlook for the first quarter. Symbotic reported $618 million in revenue, surpassing the $604 million expected by analysts surveyed by LSEG.
On the flip side, shares of Agilent Technologies, involved in life sciences, fell by 1.2%. Although Agilent exceeded expectations in terms of sales and profits for the fourth quarter, its revenue outlook for the first quarter and fiscal year 2026 disappointed. The company anticipates adjusted earnings of $1.35 to $1.38 per share, while analysts had estimated $1.41 per share. For the fiscal year, their projected earnings are between $5.86 and $6.00 per share, lower than the forecast of $6.02 per share.
Keysight Technologies, known for electronic testing and measurement, saw its shares rise nearly 14% following robust fourth-quarter results. The company reported non-GAAP earnings per share of $1.91, exceeding the analyst consensus of $1.83. Keysight’s quarterly revenue was $1.42 billion, also beating the anticipated $1.38 billion, as noted by FactSet.
Conversely, semiconductor manufacturer Semtech faced a decline, with its stock falling over 7% after reporting third-quarter profits that fell short of expectations. The company posted an adjusted profit of 48 cents per share on revenues of $267 million, and anticipates fourth-quarter earnings between 40 cents and 46 cents per share, excluding items, on revenue forecasts of $268 million to $278 million.
On a more positive note, shares of Upwork and PTC Therapeutics each rose over 5%, with First Interstate BancSystem’s stock increasing around 4%. This uptick followed the announcement that these companies will join the S&P Small Cap 600 Index. PTC Therapeutics will replace SanDisk prior to trading on Friday, Upwork will take the spot of Premier, and First Interstate will assume the role of Hanesbrands on December 2. These changes are part of a series of acquisitions.
