Stocks making the biggest moves after hours: Adobe, RH, Oracle and more
Published On Sep 12, 2024, 5:15 PM
After hours trading saw significant movements from several major companies: Adobe shares dropped over 10% after issuing disappointing revenue guidance for the fourth quarter, forecasting between $5.50 billion and $5.55 billion compared to analyst expectations of $5.61 billion. Oracle, on the other hand, saw its stock rise nearly 6% after providing positive revenue guidance for 2026, estimating at least $66 billion. RH experienced a substantial surge of nearly 19% following a strong fiscal second-quarter performance, reporting earnings that surpassed expectations. In contrast, Neurocrine Biosciences lost more than 2% after its drug for schizophrenia failed in clinical trials.
Stock Forecasts
ADBE
Negative
Adobe's disappointing guidance suggests a potential decline in investor confidence, which could lead to a further drop in share price in the coming days.
ORCL
Positive
Oracle's positive guidance indicates strong business momentum and growth prospects, likely to attract investor interest and drive the stock price upward.
RH
Positive
RH's robust earnings report shows solid performance in the home furnishings sector, suggesting continued investor interest and potentially an upward trend in its stock price.
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