Toll Brothers, a luxury homebuilder, experienced a slight decline of 0.3% in its shares after announcing fourth quarter delivery estimates between 3,450 and 3,550, which fell short of the consensus estimate of 3,508. The company reported third quarter earnings of $2.97 per share on revenues of $2.65 billion, surpassing analyst expectations of $2.93 per share and $2.61 billion in revenue.
In contrast, Keysight Technologies saw a 2% increase in its shares after reporting third quarter earnings of $3.07 per share, significantly higher than the $2.48 expected, with revenues of $1.85 billion exceeding the $1.75 billion consensus.
La-Z-Boy's shares plummeted 17% following a disappointing first quarter, where earnings were 43 cents per share, down 9% year-over-year, and adjusted operating income fell 20% to $18.7 million. The company projected revenue for the current quarter between $500 million and $520 million, missing the FactSet consensus of $536.8 million.
Mercury Systems' shares dropped over 10% after it projected fiscal year revenue of about $1.1 billion, slightly above the consensus estimate of $1.05 billion, but reported adjusted earnings of 37 cents in the fourth quarter, missing expectations by one cent.
Conversely, Jack Henry & Associates gained 3% after reporting fourth quarter earnings of $1.57 per share on revenue of $644 million, both figures exceeding analyst expectations of $1.47 per share and $631.6 million in revenue