The U.S. stock market has now backtracked for consecutive days to kick off the week as tech stocks were 0.2% better than they were yesterday, but telecoms fell 1.8%, coming in as Tuesday’s laggards. The S&P 500 Index slid 0.4% by day’s end, while the Dow Jones Industrial Average fell 0.5% and the Nasdaq Composite dipped 0.2%.

Several companies posted their quarterly earnings results after hours, including AeroVironment, Inc. (NASDAQ:AVAV), RH (NYSE:RH) and Veeva Systems Inc (NYSE:VEEV).

AeroVironment, Inc. (AVAV)

AeroVironment had an impressive earnings haul in its latest quarter, sending shares higher during an extended trading session.

The company unveiled earnings of 29 cents per share on an adjusted basis, which was considerably better than the Wall Street consensus estimate of six cents per share.

AeroVironment also raked in more than was expected of it, bringing in roughly $73.8 million over the course of its second quarter of fiscal 2018, rising $73.8 million year-over-year. Analysts were calling for revenue of $63.5 million.

Part of the increase in revenue came thanks to rising sales from its unmanned aircraft systems segment, while its gross margin for the period was $31 million, 78% higher than in the year-ago quarter.

The higher orders margin that AeroVironment experienced during the quarter in its products and customer-funded R&D programs helped hike up its funded backlog to $127 million, a 49% improvement year-over-year.

The company added that this segment helped by “significantly increasing our revenue visibility for the current fiscal year.”

For the full-year 2018, AeroVironment forecasts earnings in the range of 45 cents to 65 cents per share, while analysts’ outlook is for earnings to be around 61 cents per share.

Revenue is slated to be on the lower side of the Wall Street guidance as the company sees its sales bringing in $280 million to $300 million, while the consensus calls for $294 million.

AVAV stock gained 19.2% after the bell Tuesday.

RH (RH)

Restoration Hardware shares fell as the company reported mixed results.

For its third quarter, the home furnishings marketplace retailer said it earned $1.04 per share, which was in line with what the Wall Street projection called for, $1.04 per share.

In the revenue front, Restoration Hardware’s results came in slightly ahead of the estimate at $592.5 million, compared to the $591 million that analysts were calling for.

For its fourth quarter of the current fiscal year, the company sees its earnings as being in the range of $1.47 to $1.59 per share, while the Thomson Reuters prediction is for earnings of $1.56 per share.

Restoration Hardware is calling for revenue to be in the range of $655 million to $680 million, which is on the lower side of the $673.50 million that analysts are calling for, per Thomson Reuters.

RH shares fell 1.3% after hours.

Veeva Systems Inc (VEEV)

Veeva Systems reported on its latest period after the bell yesterday.

The company, which specializes in cloud-based software solutions for global life sciences companies, unveiled adjusted earnings of 25 cents per share, topping the year-ago total of 22 cents per share. Analysts called for earnings of 22 cents per share, according to Zacks Investment Research.

Revenue also increased as it reached $176.1 million during its third quarter, topping the year-ago sales of $142.8 million. The figure beat Wall Street’s expectations of $172 million in revenue, per Zacks.

Veeva Systems also issued an update on what it hoped to bring in, with earnings at 21 to 22 cents per share, ahead of analysts’ estimate of 20 cents per share, according to Thomson Reuters.

Sales may not be as lucrative as earnings during the quarter as the company sees revenue being in the range of $170 million to $180 million, with the midpoint of $175 million being below the consensus revenue guidance of $177.43 million, per Thomson Reuters.

VEEV stock surged 6.1% after Tuesday’s market close.

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