Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessAdobe Q2 Results Beat Estimates, But Guidance Disappoints

Adobe Q2 Results Beat Estimates, But Guidance Disappoints

Add to Favorite
Added to Favorite


Adobe Inc.(NASDAQ:ADBE) reported its Q2 results, with EPS coming in at $3.35, beating the Street estimate of $3.31. Revenue was $4.39 billion, better than the Street estimate of $4.34 billion.
However, the good results were offset by soft guidance. For Q3, the company expects EPS of $3.33, compared to the Street estimate of $3.40, and revenue of $4.43 billion, compared to the Street estimate of $4.51 billion.
Full 2022 year, EPS is expected to be $13.50, worse than the Street estimate of $13.66, and revenue to be $17.65 billion, compared to the Street estimate of $17.85 billion. Positively, the company is sustaining a high operating margin and increasing cash flow trajectory and expects strength in Q4.
According to the analyst at Oppenheimer, the company’s shares may remain under pressure near term given an inconsistent execution trend in the reported results, and until investors can gain comfort that the expected declines in Q3 net new Digital Media ARR and the operating margin are transitional, and EPS growth can return to growing faster than revenue. The analysts lowered their price target to $400 from $560, while maintaining their outperform rating.

Subscribe to get Latest News Updates

Latest News

You may like more
more

Cerence Inc. (NASDAQ:CRNC) Faces Financial Challenges Amidst Automotive AI Competition

Cerence Inc. (NASDAQ:CRNC) reported an EPS of -$0.49, missing...

NetApp Inc. (NASDAQ:NTAP) Surpasses Earnings and Revenue Estimates

NetApp Inc. (NASDAQ:NTAP) reported an earnings per share (EPS)...

Agilent Technologies (NYSE:A) Quarterly Earnings Preview

The anticipated EPS of $1.41 represents a 2.2% increase...