Adobe, Broadcom And 3 Stocks To Watch Heading Into Thursday

With U.S. stock futures trading lower this morning on Thursday, some of the stocks that may grab investor focus today are as follows:

• Wall Street expects Ciena Corporation CIEN to report quarterly earnings at 66 cents per share on revenue of $1.10 billion before the opening bell, according to data from Benzinga Pro. Ciena shares gained 1.3% to $74.15 in after-hours trading.
• Adobe Inc. ADBE posted better-than-expected earnings and sales results for its fourth quarter. The company said it expects first-quarter revenue to be in the range of $5.63 billion to $5.68 billion versus estimates of $5.73 billion. The company anticipates first-quarter adjusted earnings of $4.95 to $5 per share versus estimates of $4.95 per share. Adobe shares dipped 9.2% to $499.48 in the after-hours trading session.
• Analysts are expecting Broadcom Inc. AVGO to post quarterly earnings at $1.38 per share on revenue of $14.09 billion. The company will release earnings after the markets close. Broadcom shares fell 0.3% to $182.66 in the after-hours trading session.

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• Oxford Industries, Inc. OXM reported weaker-than-expected earnings and sales results for its third quarter on Wednesday. The company said it now sees FY24 earnings of $6.50 to $6.70 per share, compared to estimates of $7.11 per share. The company projects revenue of $1.5 billion to $1.52 billion versus expectations of $1.52 billion. Oxford Industries shares fell 2.6% to $81.90 in the after-hours trading session.
• Analysts expect Costco Wholesale Corporation COST to post quarterly earnings at $2.59 per share on revenue of $736.35 million after the closing bell. Costco shares fell 0.02% to $994.49 in after-hours trading.

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