U.S. equities were higher yesterday as the GOP tax reform plan passed through the Senate Budget Committee, opening the door for a vote by the whole chamber later this week. The S&P 500 Index surged 1%, the Dow Jones Industrial Average gained 1.1% and the Nasdaq Composite was 0.5% better by day’s end.

Several companies posted their quarterly results after hours Tuesday, including Autodesk, Inc. (NASDAQ:ADSK), Nuance Communications Inc. (NASDAQ:NUAN) and Wesco Aircraft Holdings Inc (NYSE:WAIR).

Autodesk, Inc. (ADSK)

Autodesk stock plummeted on the company’s latest quarterly figures Tuesday.

The San Rafael, Calif.-based company unveiled an adjusted loss of 12 cents per share during its third quarter, topping the loss of 18 cents per share from a year ago. Analysts were calling for a loss of 13 cents per share.

On the revenue front, Autodesk raked in $515.3 million, which came in ahead of the year-ago mark by 5%. Wall Street was calling for revenue of $513.5 million for the period.

The company is shifting its business from a licensed software business to a cloud computing business model, which has taken a toll on the company’s profitability in the process.

“As we enter the growth phase of our model transition, we need to re-balance investments to focus on our strategic priorities,” Autodesk CEO Andrew Anagnost said in a prepared statement.

For the fourth quarter, the company forecasts that it will lose 12 cents per share and bring in $542 million in revenue. Analysts are calling on a loss of 14 cents per share on sales of $545 million.

ADSK shares fell 10.7% after the bell yesterday.

Nuance Communications Inc. (NUAN)

Nuance Communications reported positive quarterly results late yesterday.

The voice recognition and natural language understanding solutions provider posted a net loss of $65.4 million, or 23 cents per share on its third quarter. On an adjusted basis, the company earned 20 cents per share, topping expectations of 15 cents per share.

Nuance Communications also had strong revenue of $465.9 million, which beat the Wall Street consensus estimate of $455.77 million. The figure fell from the year-ago revenue of $506.2 million.

The company suffered the NotPetya malware attack back in June that set it back roughly $53 million in revenue during its fourth quarter. The breaches hit thousands of companies across the globe, prompting the company to briefly take offline its transcription services used by healthcare customers.

Nuance Communications reiterated its fiscal 2018 guidance for organic revenue growth of 2% to 4%, with non-GAAP revenue coming in at $2.03 billion to $2.08 billion, ahead analysts’ outlook of $2.01 billion. It also sees its adjusted earnings being $1.06 to $1.15 per share, in line with the $1.11 that analysts project.

For the first quarter of the next fiscal year, it sees revenue in the range of $486 million and $500 million, above the guidance of $481.5 million. Earnings is slated to be between 19 and 22 cents per share, below the 25 cents per share that Wall Street predicts.

NUAN stock fell 6.4% after hours Tuesday.

Wesco Aircraft Holdings Inc (WAIR)

Wesco Aircraft ended its Tuesday on a sour note as its quarterly results underwhelmed.

The global aerospace industry supply chain management services distributor and provider lost 39 cents per share during its third quarter, or an adjusted net income of $8.4 million, roughly eight cents per share.

Analysts polled by Zacks Investment Research were calling for adjusted earnings of 16 cents per share. In the year-ago period, the company earned $429.9 million on an adjusted basis, or 30 cents per share.

Revenue for Wesco Aircraft’s period came in at $361.6 million, below the Wall Street consensus estimate of $363 million, according to data compiled by Thomson Reuters.

For the fiscal year 2017, the company posted a loss of $237.3 million, or $2.40 per share. Revenue for the year came in at $1.43 billion.

“We believe we have stabilized our business from an operational perspective as a result of the progress made executing our improvement plan initiatives,” said CEO Todd Renehan said in a prepared statement. “We are now focused on optimizing our cost structure and positioning our business for the long term.”

WAIR took a nosedive after hours, slipping 18.2%.

As of this writing, Karl Utermohlen did not hold a position in any of the aforementioned securities.