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Adobe Earnings, Revenue Beat in Q1 -Breaking

by Mike Robinson

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© Reuters. Adobe Earnings, Revenue Beat in Q1

Adobe (NASDAQ:), Investing.com’s first quarter report, Tuesday. It beat forecasts by analysts and generated revenue above expectations.

Adobe reported earnings per share at $3.37 on revenues of $4.26 billion. Investing.com polled analyst to predict EPS at $3.34 on revenues of $4.24B.

Adobe shares have fallen 17% since the start of the year. However, they are still 33.32% below their 52-week high of $699.54 on November 22, 2021. They have been outperforming the Nasdaq by 9.82%, since its inception.

Adobe shares plunged 3.54% after the release.

Adobe is following other important earnings in the Information Technology sector this month

Adobe’s March 3 earnings beat by Broadcom saw EPS reported at $8.39 for $7.71B in revenue, while forecasts called for EPS to be $8.13 with revenue $7.61B.

Oracle missed its March 10, 2010 expectations with a third quarter earnings per share of $1.13 on $10.51B revenue, as compared to the forecast of an EPS estimate of $1.18 for $10.51B revenue.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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