Adobe Revenue and Earnings Miss in Q4
Adobe (NASDAQ:ADBE), reported Thursday its fourth quarter earnings. It missed analysts’ projections and generated less revenue than expected.
Adobe reported earnings per share at $3.40 for revenue of $4.43B. Investing.com polled analysts and predicted an EPS of $3.50 for revenue of $4.53B.
Adobe shares have fallen 51% since the start of the year but are still down 60.66% from its 52-week high of $699.54, set on November 22, 2021.
Adobe is following other important earnings in the Information Technology sector this month
Adobe’s report comes after an Oracle earnings miss on September 12. Oracle reported EPS at $1.03 per share on revenue $11.45B. Forecasts for EPS at $1.07 per share on revenue $11.33B.
Related: Adobe will spend $20 billion to buy Figma in a bet on the future of work that scares investors.
Accenture beat expectations with fourth quarter earnings per share (EPS) of $2.6 on revenue $15.42B. This compares to the forecast for EPS at $2.57 on revenue $15.39B.