Stocks Making Significant Moves in After-Hours Trading: Adobe, Ulta Beauty, Lennar, and More
March 12, 2026 – After hours trading on Thursday saw notable activity in several major stocks, as companies reported earnings and released key updates that impacted their share prices. Here is a summary of the biggest movers after the market closed:
Ulta Beauty
Shares of Ulta Beauty dropped approximately 8% following the company’s release of weak fourth-quarter earnings results. The beauty products retailer reported earnings of $8.01 per share, slightly missing analysts’ expectations of $8.03 per share as surveyed by LSEG. However, Ulta’s revenues beat forecasts, coming in at $3.90 billion versus the $3.80 billion that analysts had anticipated. Despite the revenue beat, the earnings miss weighed on investor sentiment and contributed to the stock’s decline.
Adobe
The technology giant Adobe experienced a nearly 7% decline in its stock price after CEO Shantanu Narayen announced plans to step down once a successor has been named. Narayen, who has served as Adobe’s CEO since 2007, will remain as chair of the company’s board. This leadership transition news overshadowed the company’s strong first-quarter performance, which included top and bottom line beats.
Lennar
Shares of homebuilding company Lennar fell about 2% in after-hours trading after the release of second consecutive quarterly earnings misses. Lennar posted earnings of 93 cents per share on revenue of $6.62 billion, falling short of analyst forecasts of 96 cents per share and $6.88 billion in revenue as polled by LSEG.
Rubrik
The data security and cloud computing firm Rubrik saw its stock rise roughly 2% after reporting adjusted fourth-quarter earnings of 4 cents per share, beating analyst expectations of an 11-cent loss. Rubrik also exceeded revenue estimates with $378 million reported versus the $342 million anticipated. Additionally, the company provided encouraging first-quarter revenue guidance of $365 million to $367 million, above the consensus forecast of $351 million.
SentinelOne
Cybersecurity company SentinelOne’s stock declined by nearly 3% following a cautious outlook for the first quarter. The firm expects first-quarter adjusted earnings of 1 to 2 cents per share, significantly below the 5 cents per share analysts were anticipating. While its fourth-quarter earnings narrowly exceeded estimates, revenue came in line with expectations at $271 million.
Insulet
Insulet, maker of continuous glucose monitoring devices, announced a recall of certain batches of its Omnipod 5 insulin pods. The company revealed that some pods contain a small tear in the internal tubing, potentially preventing patients from receiving the proper insulin dosage. Several users have been hospitalized, though no deaths have been reported. The recall is limited to specific lots, and other Omnipod 5 products remain safe to use. Following the announcement, Insulet’s shares dropped about 7%.
These after-hours developments underscore the market’s responsiveness to earnings surprises, leadership changes, product recalls, and forward-looking guidance. Investors will be closely monitoring these companies as they navigate challenges and opportunities in their respective sectors.
— Reporting by CNBC’s Darla Mercado, Christina Cheddar Berk and Lisa Kailai Han
— Written and compiled by Pia Singh
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