Stocks Making the Biggest Moves in After-Hours Trading: ADBE, RH, ORCL
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Check out the companies that made headlines in long-term trading.
adobe — Shares plunged more than 10% after the software company released its software guidance. Adobe issued its fourth-quarter revenue guidance in the range of $5.5 billion to $5.55 billion. Analysts surveyed by LSEG had expected revenue of $5.61 billion. Guidance for adjusted earnings per share came in at $4.63 to $4.68 per share, while analysts had expected earnings per share of $4.67. Meanwhile, adjusted earnings and revenue for the third quarter beat estimates.
trust — The cloud software company rose about 6% after it raised revenue guidance. The company said at its analyst day on Thursday that it expects revenue to be at least $66 billion in 2026, up from $65 billion previously and analysts’ expectations of $64.8 billion, according to FactSet.
Neurosecretory biology — A biopharmaceutical company focused on neuroscience lost more than 2%. Neurocrine Biosciences reported that its investigational drug luvadaxistat, a treatment for schizophrenia, failed to meet its primary endpoint in a phase 2 study.
RH — The furniture company jumped about 19% after reporting higher revenue and earnings in its fiscal second quarter. RH reported adjusted earnings of $1.69 per share on revenue of $830 million. Analysts surveyed by LSEG had expected earnings of $1.56 per share and revenue of $825 million.
Aptiv PLC — Shares of the auto parts company rose 1.7%. CEO Kevin Clark bought about 30,000 shares earlier this week, according to a filing with the Securities and Exchange Commission.
— CNBC’s Nick Wells contributed reporting.