© Reuters. Adobe Earnings Beat, Revenue Misses In Q3
Investing.com – Adobe (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Adobe announced earnings per share of $3.4 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $3.34 on revenue of $4.44B.
Adobe shares are down 34% from the beginning of the year, still down 46.89% from its 52 week high of $699.54 set on November 22, 2021.
Adobe shares lost 10.17% in pre-market trade following the report.
Adobe follows other major Information Technology sector earnings this month
Adobe’s report follows an earnings beat by NVIDIA on August 24, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on September 1 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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