Check out the companies making headlines in midday trading. Adobe — The software company tumbled more than 12% after it announced lighter-than-expected revenue estimates for the fiscal first quarter. Adobe guided for revenues between $5.63 billion and $5.68 billion in the fiscal first quarter, missing the consensus estimate of $5.73 billion, according to LSEG. Warner Bros.
Oxford Industries — Shares pulled back more than 7% after the apparel and footwear company's fourth-quarter earnings guidance fell short of estimates. Oxford forecast earnings per share, excluding items, in the current quarter of $1.18 to $1.38 per share. Analysts polled by FactSet were looking for $1.55 per share.
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