Check out which companies are making headlines in after-hours trading. Adobe – The software stock fell 10% on weak revenue guidance for the current quarter. Despite this, Adobe beat analyst expectations both ways in its fiscal first quarter and announced a $25 billion stock buyback. Ulta – The cosmetics retailer's stock fell 5% as full-year earnings forecasts came in at the lower end of Wall Street expectations. Ulta said it expects between $26 and $27 per share for earnings over the full year. Most of that range is below the $27 forecast of analysts polled by LSEG, formerly known as Refinitiv. That overshadowed the strong revenue outlook and better-than-expected fourth quarter. Cardlytics – the advertising platform rose 37% after the company announced that it turned positive on full-year adjusted EBITDA for the first time since 2019. Cardlytics also provided stronger guidance for the financials for the current quarter than the Wall Street has been waiting for. PagerDuty – Shares of the incident response platform fell about 9% in the wake of weaker-than-expected earnings and revenue guidance for both the current quarter and the full year. However, the company was able to beat analyst estimates on both lines in the fourth quarter. Zumiez – The specialty retailer fell 5% after providing a weak forecast for the current quarter. Zumis expected a per-share loss of between $1.09 and $1.19, while analysts polled by FactSet expected a loss of just 34 cents. The company set quarterly revenue of between $167 million and $172 million, below analyst estimates of $186.3 million. Smartsheet – Business software provider fell 7% as revenue guidance disappointed Wall Street. Smartsheet advised investors to expect revenue between $257 million and $259 million in the current quarter and a range of $1.113 billion to $1.118 billion for the full year. Meanwhile, analysts surveyed by FactSet expected revenue of $262.3 million for the quarter and $1.14 billion for the year.
