Company News for Jun 20, 2023

• Shares of Adobe Inc. (ADBE) gained 0.9% after the company reported second-quarter fiscal 2023 non-GAAP earnings of $3.91 per share, beating the Zacks Consensus Estimate of $3.78 per share.
• Virgin Galactic Holdings, Inc.’s (SPCE) shares soared 16.5% after the company announced that it would start offering space flights this month.
• Shares of iRobot Corporation (IRBT) surged 21.2% after the U.K. Competition and Markets Authority said that it has cleared Amazon.com, Inc.’s (AMZN) planned $1.7 billion acquisition of the company.
• Microsoft Corporation’s (MSFT) shares declined 0.4% on the broader tech slump.

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