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.
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.
The company's forecasted revenue range between $615 million and $655 million is also lower than the $681.7 million analysts had anticipated.
Persons:
Adobe, Buddy Chester, Chewy, Bahama, FactSet, Nordson
Organizations:
Adobe, Buddy Chester Sub, Oxford Industries —, Oxford Industries