Let’s check out the companies that are becoming a hot topic for after-hours trading. Adobe — The software company fell 8% after it released a lower-than-expected revenue forecast for its fiscal first quarter. Adobe expects revenue for the period to be between $5.63 billion and $5.68 billion, below the consensus estimate of $5.73 billion, according to LSEG. Meanwhile, the company’s adjusted earnings per share and revenue for the previous quarter exceeded analyst expectations. Chewy — The pet products retailer fell nearly 3% in after-hours trading. The company announced an underwritten public offering of $500 million in stock, which will be sold by Buddy Chester Sub LLC. Chewy will not receive any proceeds from the sale of these shares. The company also announced that it would purchase $50 million in stock from Buddy Chester at the same time. Oxford Industries — The apparel and footwear retailer’s stock fell nearly 5% after its third-quarter results came in short on both revenue and bottom line. Oxford Industries, which owns fashion brand Tommy Bahama, reported an adjusted loss of 11 cents per share on third-quarter sales of $308 million. Analysts polled by FactSet had expected earnings of 9 cents a share and revenue of $316.8 million. Nordson — The industrial equipment maker fell more than 5% after it announced a weak outlook for first-quarter results. Nordson expected adjusted earnings per share of between $1.95 and $2.15, while analysts expected $2.30 per share, according to FactSet data. The company’s expected revenue range was $615 million to $655 million, which was also below analysts’ expectations of $681.7 million. The company cited seasonal economic weakness and cautious customer spending.
Stocks with the biggest after-hours price movements: ADBE, CHWY, OXM
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