Adobe's quarterly guidance was light, but the stock still went up after its fiscal third quarter results beat expectations.
The company sees growth slowing in its key Digital Media business.Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017.shares fell more than 4% on Tuesday after hours, as the company reported better-than-expected fiscal third quarter earnings and soft quarterly guidance.$2.05 per share, excluding certain items, vs. $1.97 per share as expected by analysts, according to Refinitiv.Guidance was soft, however. Adobe is calling for $2.
The Digital Experience business came up with $821 million in revenue. The consensus estimate from analysts polled by FactSet was slightly above that at $822.5 million.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Paramount & Adobe Launch ‘Terminator: Dark Fate’ Trailer Remix ContestAdobe has teamed up with Paramount Pictures to launch a remix contest for the trailer of “Terminator: Dark Fate,” which is set to debut in theaters November 1. The winner of the contest…
Consulte Mais informação »
European stocks suffer from Saudi attacks, but oil firms soarEuropean shares fell on Monday after four straight sessions of gains as attacks ...
Consulte Mais informação »
Airbus, French exporters slip as U.S. tariffs loom in subsidy rowShares in Airbus and other key French exporters fell on Monday as Europe and the...
Consulte Mais informação »
Kraft Heinz slips as 3G Capital cuts stakeShares of Kraft Heinz Co fell 4% on Tuesday after the packaged food maker's...
Consulte Mais informação »
Cassie Randolph Shares Her 7 Fall Fashion Must-HavesSweater weather is almost here and the Bachelor Nation member has some ideas from ASTR the Label.
Consulte Mais informação »