Stocks move heavily after hours: CS, ADBE, PATH
A Credit Suisse office in New York, United States, on Thursday, February 9, 2023.
Stephanie Keith | Bloomberg | Getty Images
Check out the companies making headlines after the bell.
CreditSuisse — Credit Suisse shares gained nearly 7% after a statement from the Swiss Financial Market Supervisory Authority and the Swiss National Bank said the bank is currently well capitalized. The SNB added that it would provide additional liquidity if needed. Shares fell 13.9% during Wednesday’s trading session after Credit Suisse’s biggest investor, the Saudi National Bank, said it could not provide any more financial support to the Swiss bank.
Adobe — Shares of the software company rose 4.6% after first-quarter results beat Wall Street estimates. The company reported adjusted earnings per share of $3.80 and revenue of $4.66 billion. Analysts polled by Refinitiv had expected earnings of $3.68 per share on revenue of $4.62 billion.
five below — Shares of the value retailer fell more than 3% in extended trading, slipping on the company’s muted first-quarter outlook. Five Below reported sales that beat Wall Street expectations and earnings were in line with estimates, according to Refinitiv.
PagerDuty — Digital operations management platform stock gained 3% after reporting fourth-quarter earnings and revenue growth. PagerDuty reported adjusted earnings of 8 cents a share on revenue of $101 million. Meanwhile, analysts polled by Refinitiv had estimated earnings per share at 2 cents and revenue at $98.8 million
UiPath — Automation software stock rose 12% in extended trading after the company’s quarterly earnings beat expectations. UiPath reported adjusted EPS of 15 cents, compared to 6 cents expected by analysts. The income was also well above estimates.
— CNBC’s Yun Li contributed to the coverage
https://www.cnbc.com/2023/03/15/stocks-moving-big-after-hours-cs-adbe-path.html Stocks move heavily after hours: CS, ADBE, PATH