Mobile app version of munafa.org
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Adobe stock falls nearly 5% after revenue guidance tweak #FinanceUSA #StockMarketNEWS Shares of Adobe Inc. fell nearly 5% in the extended session Thursday after the software company reported fiscal

@stockMarketNEWS 9 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

Adobe stock falls nearly 5% after revenue guidance tweak #FinanceUSA #StockMarketNEWS
Shares of Adobe Inc. fell nearly 5% in the extended session Thursday after the software company reported fiscal 2022 second-quarter results above Wall Street expectations and tweaked revenue expectations for the year. Adobe said it earned .18 billion, or .49 a share, in the quarter, compared with .12 billion, or .32 a share, in the year-ago period. Adjusted for one-time and other items, the company earned .35 a share. Adobe said revenue rose 14% to .39 billion. FactSet consensus called for per-share earnings of .31 a share on sales of .35 billion. The company guided for fiscal third-quarter revenue of about .43 billion, and full-year 2022 revenue of about .65 billion. In late 2021, the company guided for 2022 revenue of around .90 billion. Regarding the outlook for the current quarter, the company cited the impact of the ongoing war in Ukraine and Adobe's decision to end all new sales in Russia and Belarus, additional foreign-exchange headwinds in the second half of the year, and summer seasonality. Shares of Adobe ended the regular trading day down 3.1%.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme