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American Focus > Blog > Economy > Stocks making the biggest moves after hours: ADBE, RH, ORCL
Economy

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

Last updated: September 17, 2024 3:02 am
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Stocks making the biggest moves after hours: ADBE, RH, ORCL
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Horacio Villalobos | Corbis News | Getty Images

Companies Making Headlines in Extended Trading

Adobe saw its shares plummet over 10% after issuing soft guidance for the fiscal fourth quarter. The software company forecasted revenue between $5.50 billion and $5.55 billion, falling short of analysts’ expectations of $5.61 billion. Adjusted earnings per share guidance also missed estimates, coming in at $4.63 to $4.68 per share.

Oracle experienced a nearly 6% increase in its stock price after raising its revenue guidance during an analyst day. The cloud software company now expects 2026 revenue to reach at least $66 billion, surpassing both its previous guidance and analysts’ forecasts.

Neurocrine Biosciences faced a decline of more than 2% as its investigational drug luvadaxistat, intended for the treatment of schizophrenia, failed to meet primary endpoints in a phase two study.

RH witnessed a surge of almost 19% following a strong performance in the fiscal second quarter. The home furnishings company reported adjusted earnings of $1.69 per share on $830 million in revenue, surpassing analysts’ expectations.

Aptiv PLC saw a 1.7% increase in its stock price after CEO Kevin Clark purchased nearly 30,000 shares, as disclosed in a filing with the U.S. Securities and Exchange Commission.

CNBC’s Nick Wells contributed reporting.

See also  LeBron James All Smiles Leaving L.A. Restaurant Hours After Lakers' Playoff Loss
TAGGED:ADBEBiggestHoursMakingmovesORCLstocks
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