On this episode of Stock Movers:
- Warner Bros. Discovery (WBD) shares climb after Paramount Skydance, the Hollywood studio taken over by independent filmmaker David Ellison, was said to be preparing a bid for the company. Meanwhile, shares in Paramount rise 2%.
- Adobe (ADBE) shares rise after the maker of software for creative professionals reported third-quarter results that beat expectations and raised its full-year forecast on key metrics. Analysts cited annual recurring revenue (ARR) as a highlight, and the report was seen as easing concerns about competition from AI.
- RH (RH) shares slide after the upscale furniture retailer cut its revenue forecast for the full year amid mounting impacts from new US tariffs and the delay of its seasonal catalog. Chief Executive Officer Gary Friedman told analysts that the industry needs to offer discounts to stay afloat due to the weak housing market.