By Check out the companies making headlines in extended trading: Keysight Technologies — Shares added more than 8%. The electronics test and measurement equipment company’s fiscal fourth-quarter results beat analysts’ estimates on the top and bottom lines. Keysight also issued a rosy outlook for the current quarter, anticipating adjusted earnings ranging from $1.65 to $1.71 per share, while analysts polled by FactSet called for $1.57 in earnings per share. Dolby Laboratories — The audio technology company advanced 10% after its fiscal fourth-quarter earnings of 61 cents per share topped Street estimates of 45 cents per share, per FactSet. Dolby also increased its dividend by 10% to 33 cents a share. Powell Industries — The manufacturer of electrical equipment slipped almost 14%. Net new orders for fiscal 2024 came in at $1.1 billion, compared to $1.4 billion in the year-ago period. The company noted that the decline was largely due to the inclusion of three large megaprojects in Powell’s oil and gas and petrochemical sectors in fiscal 2023. Azek Company — Shares of the residential siding and trim company ticked up 2% after its fiscal fourth-quarter results beat analysts’ estimates. Azek reported earnings of 29 cents per share on revenue of $348.2 million. Analysts surveyed by FactSet were looking for earnings of 27 cents per share and $339.1 million in revenue. La-Z-Boy — The furniture company gained nearly 3% following fiscal second-quarter results. La-Z-Boy reported earnings of 71 cents per share on revenue of $521 million. That is an improvement from the year-ago period, in which the company posted earnings of 63 cents per share and revenue of $511.4 million. La-Z-Boy also upped its quarterly dividend by 10% to 22 cents per share.
- UK economy ekes out 0.1% growth, below expectations
- Wholesale prices rose 0.2% in October, in line with expectations
- CPI inflation October 2024:
- Powell and the Fed won’t be able to avoid talking about Trump forever
- Mnuchin says Trump’s top priorities will include tax cuts and tariffs
- Visa & Mastercard execs grilled by senators on high swipe fees
- Trump picks Dr. Oz to lead massive Medicare, Medicaid agency CMS
- Trump urges Senate GOP to block Biden’s last judicial nominees
- Trump attending SpaceX launch with Elon Musk
- New York prosecutors set to weigh in
