Companies making waves in after-hours trading exhibited a mix of highs and lows driven by earnings reports and executive announcements.
Ulta Beauty saw a significant drop, with shares plunging 8% following the release of disappointing quarterly earnings. The beauty retailer reported earnings of $8.01 per share for its fourth quarter, slightly below analysts’ expectations of $8.03, as polled by LSEG. However, the company did exceed revenue forecasts with figures of $3.90 billion, surpassing the anticipated $3.80 billion.
In the tech sector, Adobe shares fell nearly 7% after CEO Shantanu Narayen announced plans to step down once a successor is named. Narayen has held the CEO position since 2007 and will continue to serve as chair of the board. His departure news overshadowed the first-quarter results, which exceeded expectations on both revenue and earnings.
Meanwhile, homebuilder Lennar experienced a 2% decline in after-hours trading after reporting a second consecutive earnings miss. The company delivered earnings of 93 cents per share on revenue of $6.62 billion, both figures falling short of the forecasts of 96 cents per share and $6.88 billion in revenue.
On the upside, Rubrik, a cloud security firm, saw its stock rise by 2% after announcing fourth-quarter adjusted earnings of 4 cents per share, significantly beating expectations of a loss of 11 cents. The company generated $378 million in revenue, which was also above the anticipated $342 million. Rubrik projects first-quarter revenue to range between $365 million and $367 million, surpassing the consensus estimate of $351 million.
SentinelOne, a cybersecurity company, faced nearly a 3% drop in its share value after issuing a conservative outlook for first-quarter adjusted earnings. The firm expects earnings between 1 cent and 2 cents per share, well below the LSEG consensus of 5 cents. Although SentinelOne’s fourth-quarter earnings modestly surpassed estimates, revenue of $271 million was in line with expectations.
Insulet, known for its continuous glucose monitoring devices, announced a recall of certain batches of its Omnipod 5 pods due to a small tear in the internal tubing, which could prevent patients from receiving the correct insulin dosage. While several users were hospitalized due to the malfunction, there have been no reported fatalities. Insulet clarified that the recall affects only specific lots and emphasized that other Omnipod 5 products are safe for use. Following the recall news, shares fell 7%.
These corporate results illustrate the volatile landscape in after-hours trading, driven by quarterly performance and strategic leadership changes. As companies navigate earnings season, investors should remain vigilant and informed about the implications of these developments.
— Reporting contributions by CNBC’s Darla Mercado, Christina Cheddar Berk, and Lisa Kailai Han.
Original Source: https://www.cnbc.com/2026/03/12/stocks-making-the-biggest-moves-after-hours-adbe-ulta-len.html
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Publish Date: 2026-03-13 04:22:00
