Adobe Fell Nearly 8% in Morning Trading after Its Q2 Revenue Missed Estimates
Tiger Newspress2022-03-23
Adobe fell nearly 8% in morning trading after its Q2 revenue missed estimates.
Adobe said fiscal first-quarter revenue increased 9% year-over-year to $4.26 billion, which beat the $4.24 billion estimate. The company reported quarterly earnings of $3.37 per share, which beat the estimate of $3.34 per share.
Adobe said it expects fiscal second-quarter revenue to be about $4.34 billion versus the $4.41 billion estimate. The company expects second-quarter earnings to be around $3.30 per share versus the estimate of $3.35 per share.
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