Check out the companies making headlines in after-hours trading: Adobe — The software vendor’s shares slipped around 3% after the company issued an outlook for the fiscal second quarter that failed to impress investors. Adobe said revenue for the period would range between $4.27 billion and $4.30 billion, compared to the StreetAccount consensus estimate of $4.29 billion. Adjusted earnings are expected to land between $4.95 and $5 a share, while analysts sought $5 per share. American Eagle Outfitters — American Eagle issued weak guidance , leading shares about 5% lower. For the current quarter, the company expects to see a mid-single-digit decline in sales, while analysts polled by LSEG expected revenue to increase 1.3%. The company still beat on the bottom line and same-store sales came in ahead of expectations. SentinelOne — The cybersecurity stock declined about 15% after Sentinel One gave a disappointing revenue outlook, expecting first-quarter revenue to come out at $228 million, while analysts polled by LSEG had forecast $235 million. The company exceeded earnings and revenue expectations in its fourth quarter, however. Intel — Shares of the chipmaker popped about 11% after the company said it had appointed Lip-Bu Tan as its new CEO . He replaces interim co-CEOs David Zinsner and MJ Holthaus, who took over in December after the company’s former CEO Patrick Gelsinger was ousted. UiPath — The automation and artificial intelligence software stock fell roughly 15%. UiPath issued a weak forecast for first-quarter revenue, calling for $330 million to $335 million, versus analysts’ call for $368 million, per LSEG. Revenue in the fourth quarter also missed expectations.
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Our finance blog is your go-to resource for expert financial advice, covering everything from personal budgeting and saving strategies to smart investing and market analysis. Stay updated with the latest trends, tips, and insights to help you make informed decisions and achieve financial success.
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