Adobe Systems Inc (ADBE) said after close Thursday that it earned $3.35 per share in quarter two 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $4.4 billion, beating estimates by $46 million.
In the same quarter a year ago, the company earned $3.03 per share on revenue of $3.8 billion.
The stock is down 0.35% to $363.89 after the report.
Adobe Systems Inc's revenue expanded at a faster pace than earnings, signaling a decline in profit margins.
Wall Street Analysts had an average rating of Strong Buy on the stock prior to the report.
Trading in the five days leading up to the report earned Adobe Systems Inc a Bearish Sentiment Rank from InvestorsObserver.
Adobe Systems Inc has performed a little below average during the past few months. Before the report, Adobe Systems Inc received a Long-Term Technical Rank by InvestorsObserver of 35, putting it in the bottom half of stocks. The firm was recently trading at a 52-week low of $360.9 on June 16, 2022 and set a 52-week high on November 22, 2021 at $699.54.
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
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Adobe Systems Inc Down 0.35% To $363.89 After Earnings Beat
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