Exterior view of Julieanne Kost, Director of Digital Imaging Promotions and Director of Photoshop and Lightroom at Adobe, at the Lightroom seminar at Xposure on February 29, 2024 in Sharjah, United Arab Emirates.
Horacio Villalobos | Corbes News | Getty Images
Check out the companies making headlines over the long term.
adobe — Shares plunged more than 10% after the software company issued soft guidance. Adobe has released its fourth-quarter revenue forecast, which is expected to be between US$5.5 billion and US$5.55 billion. Analysts surveyed by London Stock Exchange Group (LSEG) estimated revenue of $5.61 billion. Adjusted earnings per share guidance was $4.63 to $4.68 per share, compared with analysts’ previous forecast of $4.67 per share. Meanwhile, third-quarter adjusted profit and revenue beat expectations.
Oracle — Shares of the cloud software company rose nearly 6% after raising revenue guidance. The company announced during its analyst day On Thursday, the company forecast 2026 revenue of at least $66 billion, according to FactSet, up from previous guidance of $65 billion and analysts’ forecasts of $64.8 billion.
neurosecretory biosciences — The neuroscience-focused biopharmaceutical company fell more than 2%. neurosecretory biosciences report Its investigational drug, luvadaxistat, a schizophrenia treatment, failed to meet its primary endpoint in a Phase 2 study.
relative humidity — Shares of the home furnishings company soared nearly 19% after beating revenue and profit estimates in its fiscal second quarter. RH report adjusted earnings Earnings per share were $1.69 on revenue of $830 million. Analysts polled by LSEG expected earnings of $1.56 per share and revenue of $825 million.
Aptiv Corporation — Shares of the auto parts company rose 1.7%. Submit to U.S. Securities and Exchange Commission CEO Kevin Clark showed he bought nearly 30,000 shares earlier this week.
—CNBC’s Nick Wells reported.
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