Adobe, Gap rise; Slack Technologies, Zuora fall
NEW YORK (AP) — Stocks that moved heavily or traded substantially on Friday:
Adobe Inc., up $50.50 to $335.50.
The software company’s fiscal first-quarter earnings and revenue beat Wall Street forecasts.
Slack Technologies Inc., down $1.76 to $19.59.
The work messaging service gave investors a weak first-quarter revenue forecast.
Broadcom Inc., up $15.44 to $234.22.
The chipmaker scrapped its full-year financial forecasts because of the impact from the virus outbreak.
Oracle Corp., up $8.13 to $47.93.
The software maker increased its stock buyback plans by $15 billion and reported solid results.
The Gap Inc., up 74 cents to $10.81.
The clothing and accessories retailer gave investors a good profit forecast after beating fourth-quarter earnings expectations.
Occidental Petroleum Corp., up $2.37 to $14.26.
Energy companies climbed as oil prices rose.
Zuora Inc., down 90 cents to $7.69.
The enterprise software company gave investors a weak revenue and earnings forecast for the current quarter.
DocuSign Inc., up $8.64 to $77.32.
The provider of electronic signature technology beat Wall Street’s fourth-quarter earnings and revenue forecasts.