Stocks move big after hours: CS, ADBE, PATH
A Credit Suisse office in New York, United States, Thursday, February 9, 2023.
Stephanie Keith | Bloomberg | Getty Images
Check out the companies making headlines by the hour.
Swiss credit — Credit Suisse shares rose nearly 7% after a statement from the Swiss Financial Market Supervisory Authority and the Swiss National Bank said the bank is currently well capitalised. SNB added that it would provide additional liquidity if needed. Shares fell 13.9% in Wednesday’s trading after Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with further financial assistance.
Adobe — The software company’s shares were up 4.6% after its first-quarter financial results topped Wall Street estimates. The company reported adjusted earnings of $3.80 per share and revenue of $4.66 billion. Analysts polled by Refinitiv had expected earnings of $3.68 per share and revenue of $4.62 billion.
Five under — Shares of the value retailer fell more than 3% in extended trading, which weighed on the company’s weak first-quarter outlook. Five Below reported revenue that topped Wall Street expectations, according to Refinitiv, and earnings were in line with estimates.
PagerDuty — The digital operations management platform’s shares rose 3% after reporting fourth-quarter earnings and revenue growth. PagerDuty posted adjusted earnings of 8 cents per share and revenue of $101 million. Meanwhile, analysts polled by Refinitiv had estimated earnings per share of 2 cents and revenue of $98.8 million
UiPath — The automation software stock rose 12% in extended trade after the company’s quarterly results crushed expectations. UiPath reported adjusted EPS of 15 cents, compared with the 6 cents analysts expected. The income also came in well above estimates.
— CNBC’s Yun Li contributed reporting