Cadence Design, Packaging Corp of America, SBA Communications et plus – News 24

Find out which companies are making headlines in extended trading.

Cadence Design Systems – Shares of the computer software company gained 5% after hours following the company’s quarterly earnings reports. According to FactSet, first-quarter earnings and revenue both beat consensus forecasts. The company also released upbeat earnings and earnings forecasts for the full year.

Heidrick & Struggles — Shares of the executive search firm fell more than 4% in extended trading, despite rising first-quarter profits and revenue. The company also recorded a series of expense increases to consolidate salaries and benefits, service costs and administrative expenses.

SBA Communications Corporation – Shares of the wireless communications company saw their shares rise 1.5% after reporting quarterly results, which included adjusted EBITDA above FactSet estimates and better full-year financial guidance provided that. The company also announced the repurchase of 1.3 million shares.

Packaging Corp of America – Shares of the packaging company rose 1.6% after the company’s earnings. Adjusted EBITDA for the first quarter was $467.2 million, versus FactSet estimates of $443.1 million.

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