Adobe tumbled over 7% in premarket trading as its financial report missed estimate

Tiger Newspress2021-12-16

Adobe tumbled over 7% in premarket trading as its financial report missed estimate.It reported quarterly earnings of $3.20 per share which met the analyst consensus estimate. This is a 13.88 percent increase over earnings of $2.81 per share from the same period last year. The company reported quarterly sales of $4.11 billion which beat the analyst consensus estimate of $4.09 billion by 0.49 percent. This is a 20.04 percent increase over sales of $3.42 billion the same period last year.

It now sees FY22 adj. EPS $13.70; FactSet consensus is $14.26;FY22 revenue will be $17.9 bln; FactSet consensus is $18.2 bln.

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