U.S. stock futures were mixed this morning, with the Dow futures gaining around 0.1% on Friday.Shares of Adobe Inc.  ADBE shares declined 10.3% to $75.02 in pre-market trading after the company reported quarterly results.Adobe reported better-than-expected earnings for its third quarter on Thursday. The company said it sees fourth-quarter revenue in a range of $5.5 billion to $5.55 billion and earnings of between $4.63 and $4.68 per share.Adobe shares dipped 8.5% to $537.00 in pre-market trading.Here are so ...

JHVEPhoto Adobe (NASDAQ:ADBE) stock fell by 9.1% in after-hours trading after reporting its Fiscal Q3-2024 results. However, the digital media and design software stock likely didn't deserve to fall by that much. The main reason for the fall was the lower-than-expected guidance, but it was hardly a miss. Now, you have a growing industry-leading company that's back to a reasonable valuation, and that suggests long-term upside from here. As a result, I rate the stock as a Buy. If ADBE stock falls more in the ...

bennymarty Investment Thesis Adobe (NASDAQ:ADBE) delivered a mediocre outlook with its fiscal Q3 2024 results, which led to a 9% sell-off. Even though its outlook wasn't too far off analysts' own expectations, this has been a battleground stock for a long time. Bulls call Adobe a value stock, while bears question whether this business is flying high on narrative and low on growth rates. For my part, I'm very much on the fence with Adobe, and believe that there are amply better opportunities elsewhere. Rapid ...

Core View - Adobe shares dropped sharply in extended trading due to a disappointing current-quarter outlook, despite better-than-expected fiscal Q3 results [1][3] - The stock is at risk of breaking below the lower trendline of an ascending triangle pattern, potentially starting a new downtrend [1][3] Technical Analysis - Adobe shares have been trading within an ascending triangle since late February, with a recent golden cross formation indicating a potential uptrend [3] - The stock fell 9 1% to $533 in after-hours trading, signaling a possible breakdown below the triangle's lower trendline [3] Key Support Levels - $500: Psychological support level and horizontal line connecting peaks and troughs from June 2023 to August 2024 [4] - $439: Potential buying opportunity near pre-gap consolidation period from May to June 2023, aligning with the May 2024 swing low [4] - $386: Support area near peaks from February to April 2023 [4] - $333: Long-term correction target, aligning with the May 2023 swing low and measured move price target [5] Key Resistance Level - $550: Potential selling pressure during countertrend moves, near the ascending channel's lower trendline [6] Market Context - Adobe shares have gained 28% over the past three months but remain underwater for the year due to cautious enterprise spending amid economic uncertainty and high interest rates [2]

Adobe Inc. (NASDAQ:ADBE) Q3 2024 Earnings Conference Call September 12, 2024 5:00 PM ET Company Participants Jonathan Vaas - Vice President of Investor Relations Shantanu Narayen - Chair and Chief Executive Officer David Wadhwani - President, Digital Media Business Anil Chakravarthy - President, Digital Experience Business Dan Durn - Executive Vice President and Chief Financial Officer Conference Call Participants Alex Zukin - Wolfe Research Mark Murphy - JPMorgan Keith Bachman - BMO Capital Markets Saket K ...

Thursday, September 12th, 2024Stock markets this Thursday finished higher — off session highs (except for the Dow, which was right there) but steadily higher for the most part throughout the day. The Dow rose +235 points, +0.58%; the S&P 500 was +41, +0.75%; the Nasdaq +174 points, +1.00%; and the small-cap Russell 2000 +25, +1.22%.This week’s inflation reports from the Consumer Price Index (CPI) and Producer Price Index (PPI) came and went without causing any drama toward what to expect from the Fed with r ...

Financial Performance - Adobe reported $5.41 billion in revenue for the quarter ended August 2024, a 10.6% year-over-year increase [1] - EPS for the quarter was $4.65, compared to $4.09 a year ago [1] - Revenue surpassed the Zacks Consensus Estimate of $5.37 billion by 0.79% [1] - EPS exceeded the consensus estimate of $4.53 by 2.65% [1] Business Unit Metrics - Digital Media - Creative ARR (Annualized Recurring) was $13.45 billion, slightly below the five-analyst average estimate of $13.46 billion [2] - Digital Media - Total Digital Media ARR (Annual) was $16.76 billion, compared to the $16.71 billion average estimate [2] - Digital Media - Document Services ARR (Annual) was $3.31 billion, exceeding the four-analyst average estimate of $3.25 billion [2] Revenue Breakdown - Digital Media revenue was $4 billion, a 11.2% year-over-year increase, slightly above the $3.97 billion average estimate [2] - Publishing and Advertising revenue was $59 million, a 11.9% year-over-year decrease, below the $60.35 million average estimate [2] - Digital Experience revenue was $1.35 billion, a 10.2% year-over-year increase, slightly above the $1.34 billion average estimate [2] - Digital Media - Creative Cloud revenue was $3.19 billion, a 9.6% year-over-year increase, slightly above the $3.18 billion estimate [2] - Digital Media - Document Cloud revenue was $807 million, a 17.8% year-over-year increase, exceeding the $790.70 million estimate [2] - Services and other revenue was $146 million, a 10.4% year-over-year decrease, below the $163.69 million estimate [2] - Products revenue was $82 million, a 14.6% year-over-year decrease, below the $111.98 million estimate [2] - Digital Experience Subscription Revenue was $1.23 billion, a 12.3% year-over-year increase, slightly above the $1.21 billion estimate [2] - Net Revenue - Subscription was $5.18 billion, a 11.9% year-over-year increase, exceeding the $5.09 billion estimate [2] Stock Performance - Adobe shares returned +7.5% over the past month, outperforming the Zacks S&P 500 composite's +4% change [3] - The stock currently has a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Key TakeawaysAdobe reported fiscal third-quarter earnings and revenue that topped expectations.However, its outlook for the fourth quarter missed analysts' estimates.Adobe shares tumbled in extended trading Thursday following the company's earnings release. Adobe (ADBE) shares tumbled in extended trading Thursday after the company’s fiscal fourth-quarter outlook fell short of analysts' expectations. The software company said it anticipates revenue of between $5.50 billion and $5.55 billion for the fourth qu ...

Adobe Systems (ADBE) came out with quarterly earnings of $4.65 per share, beating the Zacks Consensus Estimate of $4.53 per share. This compares to earnings of $4.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.65%. A quarter ago, it was expected that this software maker would post earnings of $4.39 per share when it actually produced earnings of $4.48, delivering a surprise of 2.05%.Over the last four quarters, the compa ...

Adobe reported third-quarter results on Thursday that beat Wall Street expectations for sales and earnings, but the stock slid 10% in extended trading on fourth-quarter guidance that came up short.Here's how Adobe did for the quarter ending in August versus LSEG consensus estimates:Revenue: $5.41 billion, vs. $5.37 billion expectedEarnings per share: $4.65, adjusted, vs. $4.53 estimatedAdobe said it expected earnings per share between $4.63 and $4.68 on revenue in the fourth quarter of between $5.5 billion ...