Stocks making the biggest moves after hours: Adobe, Fox and more

Adobe Systems global headquarters in downtown San Jose, California.

Lisa Werner | Moment mobile | Getty Images

Adobe – Shares in the digital cloud giant rose nearly 3% after announcing quarterly earnings of $ 3.03 per share. According to Refinitiv, this number exceeded analysts’ expectations by 22 cents. The company also had sales of $ 3.84 billion, which exceeded estimates of $ 3.73 billion.

Fox Corp – The media giant’s stock rose more than 1% after it was revealed the company is adding $ 2 billion to its share buyback plan. The increase brings the company’s overall approval to buy back shares to $ 4 billion. More than $ 1.56 billion of which has been completed so far, the company said in a press release.

Smith & Wesson Brands – The weapons maker rose 3% after releasing its quarterly results. The company beat analysts’ earnings estimates by 69 cents at $ 1.71 per share, according to Refinitiv. It also topped sales estimates of $ 259.8 million for $ 322.9 million in the fourth quarter. The company also increased its dividend by 60% and approved a $ 50 million share buyback.

Carnival Corp – The cruise line rose less than 1% shortly after its subsidiary Princess Cruises announced it would resume services from Los Angeles, San Francisco and Fort Lauderdale this fall. The Centers for Disease Control and Prevention on Wednesday relaxed their stance on travel safety for vaccinated passengers.

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