Cadence Design, Packaging Corp of America, SBA Communications and more

Pankaj Nangia | Bloomberg | Getty Images

Check out the companies that are making headlines in expanded trading.

Cadence Design Systems – The shares of the computer software company rose 5% after hours after the company’s quarterly earnings reports. Earnings and revenue for the first quarter both came above the consensus forecasts, according to FactSet. The company also posted positive expectations for earnings and revenue for the full year.

Heidrick & Struggles – The executive search firm’s shares fell more than 4% in extended trading, despite reporting an increase in profits and revenue in the first quarter. The company also recorded a number of increased expenses for consolidation of salaries and benefits, costs for services and administrative expenses.

SBA Communications Corporation – The shares of the wireless communications company saw its stock rise 1.5% after reporting quarterly results, which included adjusted EBITDA, beating FactSet estimates and better-than-expected full-year financial guidance. The company also announced that it will repurchase 1.3 million shares.

Packaging Corp of America – The packaging company’s shares rose 1.6% after the company’s earnings. Adjusted EBITDA for the first quarter came in at $ 467.2 million compared to FactSet estimates of $ 443.1 million.

Leave a Reply

Your email address will not be published. Required fields are marked *