Adobe
shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits.
While the numbers for Adobe’s fiscal fourth quarter, ended Dec. 2, were just modestly ahead of forecasts, investors are clearly relieved that Adobe (ticker: ADBE) didn’t show any intensifying effects from the softening economy. Management’s forecasts for fiscal 2023 matched the view the company laid out at a meeting for financial analysts in October.
Source: https://www.barrons.com/articles/adobe-stock-earnings-guidance-51671141813?siteid=yhoof2&yptr=yahoo
Adobe Stock Rallies as Profits Top Expectations
Adobe
shares gained ground after the provider of content development and marketing software tools posted better-than-expected quarterly profits.
While the numbers for Adobe’s fiscal fourth quarter, ended Dec. 2, were just modestly ahead of forecasts, investors are clearly relieved that Adobe (ticker: ADBE) didn’t show any intensifying effects from the softening economy. Management’s forecasts for fiscal 2023 matched the view the company laid out at a meeting for financial analysts in October.
Source: https://www.barrons.com/articles/adobe-stock-earnings-guidance-51671141813?siteid=yhoof2&yptr=yahoo