Check out the companies that made headlines in after-hours trading: Keysight Technologies — Shares rose more than 8%. The electronics test and measurement equipment company’s fourth-quarter results beat analysts’ expectations for both sales and bottom line profits. Keysight also issued a rosy outlook for the current quarter, expecting adjusted earnings to be in the range of $1.65 to $1.71 per share, although analysts surveyed by FactSet said We expect earnings to be $1.57. Dolby Laboratories — The audio technology company rose 10% after fourth-quarter earnings of 61 cents per share beat market expectations of 45 cents per share, according to FactSet. Dolby also increased its dividend by 10% to 33 cents per share. Powell Industries — The electrical equipment maker fell nearly 14%. Net new orders for fiscal 2024 were $1.1 billion, compared to $1.4 billion in the same period last year. The company noted that this decline was primarily due to the inclusion of three large-scale megaprojects in Powell’s Oil & Gas and Petrochemicals segment in fiscal 2023. Azek Company — The residential siding and trim company’s stock rose 2% after its fiscal fourth quarter results, beating analysts’ expectations. Azek reported earnings of 29 cents per share on revenue of $348.2 million. Analysts surveyed by FactSet had expected earnings of 27 cents a share and revenue of $339.1 million. La-Z-Boy — The furniture company rose nearly 3% after its second-quarter results. La-Z-Boy reported earnings of 71 cents per share on sales of $521 million. This is an improvement from the same period last year, when the company posted earnings of 63 cents per share and revenue of $511.4 million. La-Z-Boy also increased its quarterly dividend by 10% to 22 cents per share.
