- Software giant Adobe (NASDAQ:ADBE) dominated the headlines late Thursday, releasing a quarterly report after the close that topped analysts' expectations. This echoed strong earnings-related moves during the session from grocery store chain Kroger (NYSE:KR) and electronic manufacturing services firm Jabil (NYSE:JBL).
- AMD (NASDAQ:AMD) received some of the spotlight during Thursday's trading. The chipmaker was tapped for a major new Google (NASDAQ:GOOG) (NASDAQ:GOOGL) Cloud product.
- Meanwhile, Amazon (NASDAQ:AMZN) received some headlines on the mounting creator-revenue-split war with Apple (NASDAQ:AAPL). Meanwhile, 23andMe (NASDAQ:ME) rallied after coming public through a SPAC and Farfetch (NYSE:FTCH) got a boost from a positive analyst comment.
- Adobe released a standout earnings report after Thursday's close. The software maker beat expectations with its quarterly profit and provided strong guidance for its next fiscal period. On the news, shares ticked up by 3% in after-hours trading.
- Earnings news sparked a rally in shares of Kroger on Thursday. In results released before the bell, the company beat expectations. The firm also raised guidance and said it was launching a new buyback program.
- Detailing the results, Kroger CEO Rodney McMullen told CNBC that COVID eating habits, like cooking at home, underpinned its strong earnings and guidance. He also predicted inflation rates of 1% to 2% over the long term. KR rose 4% on the results.
- Jabil also advanced on earnings news during Thursday's session. Shares climbed 2% on earnings that topped expectations. The company also provided upbeat guidance for the fourth quarter.
- AMD advanced more than 5% on Thursday, bolstered by news that Google will use the company's EPYC chips in its new family of Tau Virtual Machines.
- In the last few months, Apple's competitors have been taking shots at the iPhone maker for grabbing a 30% revenue split from creators on its ecosystem. Amazon entered the fray on Thursday, amid word that the company's appstore has quietly offered its small app developers a 90% revenue cut.
- Shares of 23andMe jumped about 21% on their first day on the public market. The consumer genetic testing company completed an IPO through a SPAC merger with Richard Branson's VG Acquisition Corp.
- Farfetch gained traction on Thursday after Cowen listed it as a high conviction pick. Cowen attributed the call in part to the increased adoption of online shopping in luxury. FTCH finished higher by more than 3%.
- Waterdrop (NYSE:WDH) fell more than 11% during Thursday's session. The slide followed the company's quarterly results, released the night before, which showed a GAAP loss of $0.06 per share and revenue of nearly $135 million.