U.S. Movers: Adobe, RH

Scott Peters
13 Jun, 2025
New York City

Adobe Inc. eased 1.5% to $407.50 after the content software developer reported results for the fiscal second quarter ending on May 30.

Revenue edged up to $5.87 billion from $5.31 billion, net income climbed to $1.69 billion from $1.57 billion, and diluted earnings per share rose to $3.94 from $3.49 a year ago.

The company repurchased approximately 8.6 million shares during the quarter.

The software company guided third-quarter revenue to be between $5.87 billion and $5.92 billion, compared to $5.41 billion, and non-GAAP earnings per share between $5.15 and $5.20, compared to $4.65 a year earlier, respectively.

For the full year, the company estimated revenue to be between $23.50 billion and $23.60 billion, compared to $21.51 billion, and non-GAAP earnings per share between $20.50 and $20.70, compared to $18.42 a year ago, respectively.

RH Corp. surged 20.2% to $212.56 after the home furnishing retailer reported results for the first quarter of fiscal 2025 ending on May 3.

Revenue jumped to $813.95 million from $726.96 million, net income swung to a profit of $8.04 million from a loss of $3.62 million, and diluted earnings per share swung to a profit of 40 cents from a loss of 20 cents a year ago.

“We are forecasting to generate $250 million to $350 million in free cash flow in 2025,” the company said in a release to investors.

The furniture company has continued to shift sourcing out of China and expects receipts to decrease from 16% in the first quarter to 2% in the fourth quarter, with a meaningful portion of the tariff absorbed by its vendor partners.

“We are now projecting that 52% of our upholstered furniture will be produced in the United States and 21% will be produced in Italy by the end of fiscal 2025,” the company added in the statement.

RH guided second-quarter revenue to grow between 8% and 10% and full-year sales to grow between 10% and 13% amid expansion initiatives globally.