Adobe slips because of weak gu

2022-06-20

Adobe slips because of weak guidance

Adobe (NASDAQ:ADBE) $Adobe(ADBE)$shares slipped on Friday after the cloud-based software company issued guidance that fell short of expectations, but several other software-as-a-service stocks attempted to end the week on a positive note.

Adobe (ADBE) lost slightly more than 1% to $361.34 after it said third-quarter revenue would be $4.34B and adjusted earnings would be $3.33 per share, compared to estimates of $4.51B in sales and adjusted earnings of $3.40 per share.

For the full-year, Adobe (ADBE) said it expects revenue to be $17.65B, down from a prior outlook of $17.9B. Adjusted earnings are forecast to be $13.50 per share, down from a prior outlook of $13.70 per share.

Analysts were expecting the Adobe (ADBE), which reported strong second-quarter results on Thursday, to generate $17.85B in full-year revenue and adjusted earnings of $13.67 per share.

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Comments

kimC
2022-06-20
kimC
good earning and guidance also cannot guarantee price to rise in this market.
- mster:
  Yeah. May up a few days but will eventually be pulled to the ground along woth the matket.
BurnellStella
2022-06-22
BurnellStella
ADBE is the number one company in the industry and you should take the opportunity to buy it.
HilaryWilde
2022-06-22
HilaryWilde
Investing in technology stocks is risky right now.
EvanHolt
2022-06-22
EvanHolt
To be honest, I think this guidance is acceptable.
MortimerDodd
2022-06-22
MortimerDodd
Don't worry, I believe Adobe is still worth our investment.
Maria_yy
2022-06-21
Maria_yy
Nice post, it's worth sharing with my friends.

Leave a comment

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Adjusted earnings are forecast to be $13.50 per share, down from a prior outlook of $13.70 per share.Analysts were expecting the Adobe (ADBE), which reported strong second-quarter results on Thursday, to generate $17.85B in full-year revenue and adjusted earnings of $13.67 per share.</body></html>","htmlText":"<html><head></head><body>Adobe slips because of weak guidance Adobe (NASDAQ:ADBE) <a href=\"https://ttm.financial/S/ADBE\">$Adobe(ADBE)$</a>shares slipped on Friday after the cloud-based software company issued guidance that fell short of expectations, but several other software-as-a-service stocks attempted to end the week on a positive note.Adobe (ADBE) lost slightly more than 1% to $361.34 after it said third-quarter revenue would be $4.34B and adjusted earnings would be $3.33 per share, compared to estimates of $4.51B in sales and adjusted earnings of $3.40 per share.For the full-year, Adobe (ADBE) said it expects revenue to be $17.65B, down from a prior outlook of $17.9B. Adjusted earnings are forecast to be $13.50 per share, down from a prior outlook of $13.70 per share.Analysts were expecting the Adobe (ADBE), which reported strong second-quarter results on Thursday, to generate $17.85B in full-year revenue and adjusted earnings of $13.67 per share.</body></html>","text":"Adobe slips because of weak guidance Adobe (NASDAQ:ADBE) $Adobe(ADBE)$shares slipped on Friday after the cloud-based software company issued guidance that fell short of expectations, but several other software-as-a-service stocks attempted to end the week on a positive note. Adobe (ADBE) lost slightly more than 1% to $361.34 after it said third-quarter revenue would be $4.34B and adjusted earnings would be $3.33 per share, compared to estimates of $4.51B in sales and adjusted earnings of $3.40 per share. For the full-year, Adobe (ADBE) said it expects revenue to be $17.65B, down from a prior outlook of $17.9B. Adjusted earnings are forecast to be $13.50 per share, down from a prior outlook of $13.70 per share. Analysts were expecting the Adobe (ADBE), which reported strong second-quarter results on Thursday, to generate $17.85B in full-year revenue and adjusted earnings of $13.67 per share.","highlighted":2,"essential":1,"paper":1,"likeSize":32,"commentSize":0,"repostSize":1,"favoriteSize":0,"link":"https://ttm.financial/post/9040215736","repostId":0,"isVote":1,"tweetType":1,"viewCount":828,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["ADBE"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":764,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":102435167,"gmtCreate":1655680530679,"gmtModify":1663252305048,"authorId":4087267509717010,"author":{"id":4087267509717010,"authorId":4087267509717010,"name":"kimC","avatar":"https://static.tigerbbs.com/d507a950b8322c8dd1fac8cb737f0eae","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":4,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9040215736,"type":1,"supId":0,"prevId":0,"content":"good earning and guidance also cannot guarantee price to rise in this market.","text":"good earning and guidance also cannot guarantee price to rise in this market.","html":"good earning and guidance also cannot guarantee price to rise in this market.","likeSize":1,"commentSize":1,"subComments":[{"id":102438432,"gmtCreate":1655688566287,"gmtModify":1663252321743,"authorId":4102815868703010,"author":{"id":4102815868703010,"authorId":4102815868703010,"name":"mster","avatar":"https://community-static.tradeup.com/news/81a8fe18bd419696551df5320d8db477","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.04.30","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":9040215736,"type":1,"supId":102435167,"prevId":0,"content":"Yeah. May up a few days but will eventually be pulled to the ground along woth the matket. ","text":"Yeah. May up a few days but will eventually be pulled to the ground along woth the matket. ","html":"Yeah. May up a few days but will eventually be pulled to the ground along woth the matket. 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