Market Reactions: Tech and Industrial Stocks See Significant Fluctuations
- Adobe Inc. (ADBE) saw a sharp decline of 13.7% in its shares after announcing that its fiscal 2025 adjusted earnings per share would range from $20.20 to $20.50, which fell short of the Zacks Consensus Estimate of $20.53.
- Nordson Corp. (NDSN) experienced an 8.2% drop in its share price following guidance for fiscal 2025 adjusted earnings per share of $9.70 to $10.50, missing the Zacks Consensus Estimate of $10.53.
- Oxford Industries Inc. (OXM) shares fell by 8.6% after reporting a third-quarter fiscal 2024 adjusted loss per share of $0.11, in contrast to the Zacks Consensus Estimate which expected earnings of $0.11.
- In contrast, Ciena Corp. (CIEN) saw its shares increase by 15.5% after its fourth-quarter fiscal 2024 revenues reached $1,124.11 million, exceeding the Zacks Consensus Estimate of $1,104.55 million.
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Ciena Corporation (CIEN): Free Stock Analysis Report
Adobe Inc. (ADBE): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Oxford Industries, Inc. (OXM): Free Stock Analysis Report
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
