Adobe Inc (NASDAQ:ADBE) shares were down 6.5% on Friday after the company announced a major leadership shake-up, naming Anil Chakravarthy as its next chief executive to succeed longtime CEO Shantanu Narayen.
Chakravarthy, currently president of Adobe's digital experience business, will take over as CEO effective December 1, the start of Adobe's fiscal 2027. He has been at Adobe for roughly six and a half years and previously spent six and a half years at Informatica, including four and a half as CEO, followed by nine and a half years at Symantec.
Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) said it received an exemption from British Columbia's Ministry of Water, Land and Resource Stewardship authorizing construction of an access trail through a Wildlife Habitat Area to its Fox Tungsten Project in south-central British Columbia.
The company also received authorizations from the British Columbia Ministry of Mining and Critical Minerals for the trail's construction and extended its Fox Multi-Year Area Based permit through March 2031.
DocuSign Inc (NASDAQ:DOCU) reported second-quarter revenue and profit that beat Wall Street estimates and raised its full-year revenue guidance, as the company's newer AI-driven contract management products continue to gain share of its overall business.
Revenue for the fiscal second quarter came in at $875.7 million, above the $867 million analysts had estimated and up 9% from a year earlier. Adjusted earnings per share of $1.16 topped the $1.09 estimate, a 26% increase year-over-year. Free cash flow reached $295.8 million, well ahead of the $234 million forecast.
Zscaler Inc. (NASDAQ:ZS) reported fiscal fourth-quarter revenue and adjusted profit that topped Wall Street estimates on Friday, but a sharp decline in free cash flow sent shares of the cybersecurity company down 3.5%.
Free cash flow came in at $60.8 million, missing estimates of $66.9 million and falling 65% from a year earlier, even as the company posted revenue of $898.2 million for the quarter, above analyst estimates of $877 million and up 25% from a year earlier. Adjusted earnings per share came in at $1.19, compared with estimates of $1.09, marking a 34% increase year-over-year.
Lululemon Athletica Inc (NASDAQ:LULU) shares fell 17% in early Friday trading after the athletic apparel retailer reported weaker comparable sales and cut its full-year guidance.
Second-quarter revenue was $2.4 billion, down 4% year-over-year and below the $2.46 billion estimate, with comparable sales down 9%. EPS of $2.92 included a $0.86 tariff-refund benefit. Gross margin rose 200 basis points to 60.5%, boosted by $134.5 million in tariff refunds.
Fiinu (AIM: BANK), the UK fintech group, rose over 6% to 4p on Friday after its Plugin Overdraft platform moved into production ahead of a planned year-end launch.
The move followed an agreement with Conister Bank, the Isle of Man lender, to update arrangements governing the implementation and commercialisation of Fiinu’s overdraft technology.
Premier African Minerals Ltd (AIM:PREM, OTC:PRMMF) shares dropped more than 27% to 0.1p on Friday after the company outlined plans to seek authority to issue tens of billions of new shares as it looks to fund the Zulu lithium project and strengthen its balance sheet.
Premier called a general meeting for 23 September, where shareholders will vote on proposals including authority to issue up to 58.63 billion ordinary shares to support the operational and funding plan for its Zulu Lithium and Tantalum Project in Zimbabwe.
