Adobe Systems Incorporated (NASDAQ:ADBE) shares were down 2% in Friday early deals after the Photoshop software maker reported third-quarter revenue was up 10% year over year, at $4.89 billion, surpassing the analyst consensus forecast of $4.82 billion.
Adjusted earnings per share increased 20% year-over-year to $4.09, versus Wall Street forecasts of $3.98. Read more
As members of United Auto Workers (UAW) went on strike on Friday, General Motors (NYSE:GM) was down 1.5% at $133.15, whilst Ford Motor Company (NYSE:F) slipped 1.5% at $12.43. Stellantis (NYSE:STLA, EPA:STLA), meanwhile, was in positive territory, up 0.8% at $18.99.
The UAW and the companies failed to reach a deal by the time workers’ contracts expired at midnight on Thursday, leading to 13,000 of the union’s 145,000 workers walking out on all three automakers simultaneously in targeted strike action.
High Tide Inc. (CSE:HITI) shares were up just over 2% at $2.00, after the cannabis retailer reported positive first-quarter free cash flow of $4.1 million, marking a milestone ahead of its year-end target.
The Calgary, Alberta-based company also achieved record revenue for 3Q. Revenue rose 30% year-over-year from $95.4 million to $124.4 million. Read more
Iovance Biotherapeutics (NASDAQ:IOVA) stock rose 18% in premarket deals, trading at $5.51, as the US FDA agreed to expedite the review of a potential cancer drug.