Horacio Villalobos | Corbis News | Getty Images
Check out the companies making headlines in extended trading:
Adobe — Shares plunged more than 10% after the software company issued soft guidance. Adobe issued a fiscal fourth-quarter revenue forecast in a range between $5.50 billion and $5.55 billion. Analysts polled by LSEG had estimated $5.61 billion in revenue. Guidance for adjusted earnings per share came in at $4.63 to $4.68 per share, while analysts had expected $4.67 in earnings per share. Meanwhile, third-quarter adjusted earnings and revenue beat estimates.
Oracle — The cloud software company advanced nearly 6% after raising its revenue guidance. The company announced during its analyst day on Thursday that it estimates 2026 revenue of at least $66 billion, higher than prior guidance for $65 billion and analysts’ forecast for $64.8 billion, per FactSet.
Neurocrine Biosciences — The neuroscience-focused biopharma company lost more than 2%. Neurocrine Biosciences reported that its investigational drug luvadaxistat, a schizophrenia treatment, failed to reach primary endpoints in a phase two study.
RH — The home furnishings company surged nearly 19% after posting a top- and bottom-line beat for the fiscal second quarter. RH reported adjusted earnings of $1.69 per share on $830 million in revenue. Analysts surveyed by LSEG had called for $1.56 in earnings per share and revenue of $825 million.
Aptiv PLC — Shares of the auto parts company added 1.7%. A filing with the U.S. Securities and Exchange Commission showed CEO Kevin Clark purchased nearly 30,000 shares earlier this week.
— CNBC’s Nick Wells contributed reporting.
For more trending news articles like this, visit DeFi Daily News.
Conclusion:
In conclusion, the financial markets are constantly evolving and responding to various factors such as company earnings reports, industry developments, and global events. It is essential for investors to stay informed and analyze the latest news and trends to make informed decisions about their investments. Keeping track of companies like Adobe, Oracle, Neurocrine Biosciences, RH, and Aptiv PLC can provide valuable insights into the market dynamics and potential investment opportunities. By staying updated on the latest news and trends in the financial world, investors can navigate the markets more effectively and enhance their portfolio performance. Remember, knowledge is power in the world of investing. Stay informed, stay ahead.
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