Adobe, RH, Oracle, and More Stocks Making Major After-Hours Moves
After-Hours Market Movers
Several notable companies saw significant stock price fluctuations during after-hours trading on Thursday, January 26, 2023.
Adobe (ADBE)
Adobe's stock price jumped 3.5% after the company announced better-than-expected quarterly results. The software giant reported revenue of $4.53 billion, exceeding analyst estimates of $4.48 billion. Adobe also raised its guidance for fiscal 2023, signaling optimism about its future growth prospects.
RH (RH)
RH, formerly known as Restoration Hardware, saw its stock plunge 10.5% in after-hours trading. The home furnishings retailer reported a decline in comparable store sales and missed analysts' earnings estimates. RH also announced a restructuring plan involving store closures and job cuts.
Oracle (ORCL)
Oracle's stock price rose 1.5% after the company reported solid quarterly results. The business software giant's revenue came in at $12.3 billion, in line with analyst expectations. Oracle also announced a new cloud partnership with Microsoft, which was seen as a positive development by investors.
Other Notable Movers
- Autodesk (ADSK): +5.2%
- Intuit (INTU): +2.1%
- Snowflake (SNOW): -1.9%
- UiPath (PATH): -3.1%
Comments