Adobe Earnings, Revenue Beat in Q1 By

© Reuters. Adobe Earnings, Revenue Beat in Q1 – Adobe (NASDAQ:) reported on Tuesday first quarter that beat analysts’ forecasts and revenue that topped expectations.

Adobe announced earnings per share of $3.14 on revenue of $3.91B. Analysts polled by anticipated EPS of $2.79 on revenue of $3.76B.

Adobe shares are down 7% from the beginning of the year, still down 14.10% from its 52 week high of $536.25 set on September 2, 2020. They are under-performing the S&P 500 which is up 4.14% from the start of the year.

Adobe shares lost 2.31% in after-hours trade following the report.

Adobe follows other major Technology sector earnings this month

Adobe’s report follows an earnings beat by NVIDIA on February 24, who reported EPS of $3.1 on revenue of $5B, compared to forecasts EPS of $2.81 on revenue of $4.82B. had beat expectations on February 25 with fourth quarter EPS of $1.04 on revenue of $5.82B, compared to forecast for EPS of $0.7532 on revenue of $5.68B.

Stay up-to-date on all of the upcoming earnings reports by visiting’s earnings calendar

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Most Related Links :
Business News Governmental News Finance News

Need Your Help Today. Your $1 can change life.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button