Company News for June 17, 2024

• Shares of Adobe Inc. (ADBE) surged 14.5% after the company reported second-quarter fiscal 2024 non-GAAP earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.39 per share.

• RH’s (RH) shares plummeted 17.1% after the company reported first-quarter fiscal 2024 loss of $0.40 per share, wider than the Zacks Consensus Estimate of a loss of $0.08 per share.

• Shares of The Boeing Company (BA) declined 1.9% on reports that an investigation was opened by the Federal Aviation Administration into counterfeit titanium used in some recently manufactured planes.

• Netflix, Inc.’s (NFLX) shares jumped 2.5% on the broader tech rally.

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