After-hours movers: Adobe Systems, RH, and more
After-hours movers:
Adobe Systems (NASDAQ: ADBE) fell 1% despite better than expected quarterly results. Adobe achieved record revenue of $5.87 billion in its second quarter of fiscal year 2025, which represents 11% year-over-year growth. Shares initially spiked 7%.
RH (NYSE: RH) rose 20% after it published better than expected first quarter EPS and issued guidance for revenue growth of 10% to 20% in 2025.
MP Materials (NYSE: MP) rose 1.3%, extending an intraday gain of 14%, on reports Trump officials are eyeing the use of the defense production act for rare earths.