close
close
migores1

Stocks making the biggest moves after hours: ADBE, RH, ORCL

Adobe headquarters in San Jose, California, USA, Thursday, November 30, 2023.

David Paul Morris | Bloomberg | Getty Images

Check out the companies making headlines in the extended deals.

Adobe — Shares fell more than 10% after the software company issued soft guidance. Adobe issued a fiscal fourth quarter revenue estimate in a range of $5.50 billion to $5.55 billion. Analysts polled by LSEG had estimated revenue of $5.61 billion. Estimates for adjusted earnings per share were from $4.63 to $4.68 per share, while analysts were expecting $4.67 per share. Meanwhile, third-quarter revenue and adjusted earnings beat estimates.

Oracle — The cloud software company advanced nearly 6% after raising its revenue guidance. The company said during its analyst day on Thursday that it expects 2026 revenue to be at least $66 billion, up from earlier estimates of $65 billion and $64.8 billion on FactSet.

Neurocrine Biosciences — The neuroscience-focused biopharma lost more than 2%. Neurocrine Biosciences reported that its experimental drug luvadaxistat, a treatment for schizophrenia, failed to meet primary endpoints in a phase 2 trial.

RH — The home furnishings company is up nearly 19% after posting an up-and-down beat for its fiscal second quarter. RH reported adjusted earnings of $1.69 per share on revenue of $830 million. Analysts polled by LSEG had called for earnings of $1.56 per share and revenue of $825 million.

PLC enabled — Shares of the auto parts company rose 1.7%. A filing with the US Securities and Exchange Commission showed that CEO Kevin Clark purchased nearly 30,000 shares earlier this week.

CNBC’s Nick Wells contributed reporting.

Related Articles

Back to top button