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Shares of Adobe tumbled more than 10% after the company provided weaker-than-expected guidance for its fiscal fourth quarter. The software company projected revenue between $5.50 billion and $5.55 billion, falling short of analysts’ estimates. Additionally, adjusted earnings per share were forecasted to be between $4.63 to $4.68, below the expected $4.67. Despite this, third-quarter earnings and revenue surpassed expectations.
On the other hand, Oracle saw a nearly 6% increase in its stock price after raising its revenue guidance during its analyst day. The company now anticipates 2026 revenue of at least $66 billion, higher than previous forecasts and analysts’ predictions.
Neurocrine Biosciences experienced a decline of over 2% as its schizophrenia treatment drug, luvadaxistat, failed to meet primary endpoints in a phase two study.
Meanwhile, RH, a home furnishings company, soared nearly 19% following a strong performance in the fiscal second quarter. The company reported adjusted earnings of $1.69 per share on $830 million in revenue, surpassing analyst expectations.
Shares of Aptiv PLC, an auto parts company, rose by 1.7% after CEO Kevin Clark purchased nearly 30,000 shares earlier in the week.
-CNBC’s Nick Wells contributed reporting.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
