Stocks move big after the close: CS, ADBE, PATH

A Credit Suisse office in New York, United States, on Thursday, February 9, 2023.

Stephanie Keith | Bloomberg | Getty Images

Check out the companies making headlines after the hour.

Swiss credit Credit Suisse shares rose nearly 7% after a statement from the Swiss Financial Market Supervisory Authority and the Swiss National Bank said the bank is currently well capitalised. The SNB added that it would provide additional liquidity if needed. Shares fell 13.9% in Wednesday’s trading session after Credit Suisse’s largest investor, Saudi National Bank, said it could not provide the Swiss bank with additional financial assistance.

Adobe The software company’s shares rose 4.6% after its first-quarter financial results topped Wall Street estimates. The company reported adjusted earnings of $3.80 per share and revenue of $4.66 billion. Analysts polled by Refinitiv had expected earnings of $3.68 per share and revenue of $4.62 billion.

Five below Shares in the value retailer fell more than 3% in extended trading, which weighed on the company’s subdued outlook for the first quarter. Five Below reported revenue that topped Wall Street expectations, according to Refinitiv, and earnings were in line with estimates.

PagerDuty The digital operations management platform’s stock rose 3% after reporting an earnings and revenue beat for the fourth quarter. PagerDuty had adjusted earnings of 8 cents per share. share and revenue of $101 million. Meanwhile, analysts polled by Refinitiv had estimated earnings per share of 2 cents and a turnover of DKK 98.8 million.

UiPath The automation software stock rose 12% in extended trading after the company’s quarterly earnings beat expectations. UiPath reported adjusted EPS of 15 cents, compared with the 6 cents analysts had expected. Revenue also came in well above estimates.

CNBC’s Yun Li contributed reporting

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