Stocks making the biggest moves after hours: Adobe, Chewy, Oxford Industries and more
Check out the companies making headlines in extended trading. Adobe — The software company fell 8% after issuing lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenues between $5.63 billion and $5.68 billion in the period, lower than the consensus estimate of $5.73 billion, according to LSEG. Meanwhile, the company’s adjusted earnings per share and revenue in the prior quarter topped analysts’ forecasts. Chewy — The pet goods retailer declined nearly 3% in extended trading. The company announced an underwritten public offering of $500 million in shares, which are being sold by Buddy Chester Sub LLC. Chewy won’t receive any proceeds from the sale of these shares. The retailer also said it would concurrently purchase $50 million in shares from Buddy Chester. Oxford Industries — Shares of the apparel and footwear retailer fell almost 5% after its third quarter results missed on both top and bottom lines. Oxford Industries, which owns fashion brand Tommy Bahama, reported adjusted losses of 11 cents per share on revenue of $308 million in the third quarter. Analysts surveyed by FactSet had expected earnings of 9 cents per share and $316.8 million in revenue. Nordson — The industrial machinery manufacturer tumbled more than 5% after issuing weak guidance for the fiscal first quarter. Nordson guided for adjusted earnings per share between $1.95 and $2.15 per share, while analysts were expecting $2.30 per share, according to FactSet data. The company’s forecasted revenue range between $615 million and $655 million is also lower than the $681.7 million analysts had anticipated. The company cited a seasonal slowdown and cautious customer spending.
