Company News for Dec 19, 2022



  • Shares of Adobe Inc.

    ADBE

    surged 3% after the company reported fourth-quarter fiscal 2022 adjusted earnings per share of $3.60, surpassing the Zacks Consensus Estimate of $3.50.



  • Shares of Maxar Technologies Inc.

    MAXR

    soared 124.8% following news that private equity firm Advent International will acquire the company for a consideration of around $6.4 billion.



  • The Goldman Sachs Group Inc.’s

    GS

    shares fell 1% following news that the financial behemoth will retrench 8% of its workforce in January.



  • United States Steel Corp.’s

    X

    shares climbed 5.8% after the company gave stronger-than-expected earnings guidance for fourth-quarter 2022.


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