Thursday, November 30, 2023, Adobe headquarters in San Jose, California, USA.
David Paul Morris | David Paul Morris Bloomberg | 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 releases fourth quarter financial results revenue forecast The range is between $5.5 billion and $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 expected revenue of at least $66 billion in 2026, up from previous guidance of $65 billion and analysts’ forecasts of $64.8 billion, according to FactSet.
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.
