After-hours stock movers: Adobe, RH, Oracle, and others
Check out the companies making headlines in extended trading.
The software company's shares plummeted more than 10% after issuing soft guidance for the fiscal fourth quarter. Adobe forecasted revenue between $5.50 billion to $5.55 billion, lower than the analysts' estimate of $5.61 billion. The guidance for adjusted earnings per share was also lower than expected, at $4.63 to $4.68 per share, compared to $4.67 per share. Despite this, Adobe's third-quarter adjusted earnings and revenue beat estimates.
The cloud software company experienced a 5.9% increase in stock value following its revenue guidance increase. During its analyst day on Thursday, the company disclosed that it anticipates 2026 revenue of at least $66 billion, which surpasses its previous guidance of $65 billion and analysts' predictions of $64.8 billion, according to FactSet.
Neurocrine Biosciences reported that its investigational drug luvadaxistat, a schizophrenia treatment, failed to meet primary endpoints in a phase 2 study, resulting in a loss of more than 2% for the neuroscience-focused biopharma company.
The home furnishings company experienced a 19% increase in stock price following its release of top- and bottom-line beats for the fiscal second quarter. RH reported adjusted earnings of $1.69 per share on $830 million in revenue, exceeding analysts' expectations of $1.56 earnings per share and $825 million in revenue.
Nearly 30,000 shares were purchased by CEO Kevin Clark of the auto parts company, as shown in a filing with the U.S. Securities and Exchange Commission. The company's shares added 1.7%.
—CNBC's Nick Wells contributed reporting.
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