Adobe Earnings, Revenue Miss in Q4

Adobe Earnings, Revenue Miss in Q4

Adobe Earnings, Revenue Miss in Q4 By Investing.com

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(C) Reuters. Adobe Earnings, Revenue Miss in Q4

Investing.com – Adobe (NASDAQ:ADBE) reported on Thursday fourth quarter earnings 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

Adobe Earnings, Revenue Miss in Q4

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