Adobe Earnings, Revenue Miss in Q4
Stock Markets 7 hours ago (Oct 01, 2022 04:12AM ET)
© Reuters. Adobe Earnings, Revenue Miss in Q4
Investing.com – Adobe (NASDAQ:) reported on Thursday fourth quarter that missed analysts’ forecasts and revenue that fell short of expectations.
Adobe announced earnings per share of $3.40 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $3.50 on revenue of $4.53B.
Adobe shares are down 51% from the beginning of the year, still down 60.66% from its 52 week high of $699.54 set on November 22, 2021.
Adobe follows other major Information Technology sector earnings this month
Adobe’s report follows an earnings missed by Oracle on September 12, who reported EPS of $1.03 on revenue of $11.45B, compared to forecasts EPS of $1.07 on revenue of $11.33B.
Accenture had beat expectations on September 22 with fourth quarter EPS of $2.6 on revenue of $15.42B, compared to forecast for EPS of $2.57 on revenue of $15.39B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar