Seeking Alpha·2026-03-13 10:43Adobe - Adobe reported Q1 fiscal 2026 results with adjusted earnings per share of $6.06, exceeding the consensus estimate of $5.87 [3] - Revenue for the quarter increased 12% year over year to $6.4 billion, surpassing the consensus of $6.28 billion [3] - The company expects Q2 revenue to range from $6.43 billion to $6.48 billion, with adjusted EPS projected between $5.80 and $5.85, both above consensus estimates [4] - CEO Shantanu Narayen plans to step down after 18 years but will remain until a successor is appointed and will retain his position as chair of the board [4] Oil Market - The U.S. has issued a 30-day waiver allowing countries to purchase sanctioned Russian oil and petroleum products stranded at sea, aimed at easing global oil price pressures [5] - Approximately 19 million barrels of Russian crude and 310,000 tons of refined products are aboard about 30 tankers in Asian waters [6] - Brent crude is trading over $100 a barrel, with a 9% weekly surge, while crude oil futures are at $96 a barrel, reflecting a 6% weekly increase [7] Meta Platforms - Meta's new AI model, code-named Avocado, has underperformed compared to leading AI models from competitors like Google and OpenAI, leading to a delay in its release to at least May [8] - Although Avocado outperformed Meta's previous AI model and Google's Gemini 2.5, it did not match the performance of Gemini 3.0 [8]