The Dow Jones Industrial Average dropped 225 points Friday as Wall Street awaited inflation survey data and consumer confidence numbers. Artificial intelligence leader Adobe (ADBE) bucked the tide, however, as its shares soared on the stock market today after the company’s earnings results. X After the opening bell, the Dow Jones industrials dropped 0.6%, or […]
Dow Jones futures fell early Friday, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) shareholders approved a massive pay deal for Elon Musk, who teased future EVs. Meanwhile Adobe (ADBE) soared on earnings. X The stock market rally showed mixed action Thursday despite another tame inflation report. The Nasdaq set a fresh all-time high […]
Tesco shares rise as profit guidance reaffirmed. (ASSOCIATED PRESS) Tesco shares have risen after the supermarket reiterated its full-year guidance in Friday’s trading update. The UK’s largest supermarket firm revealed total retail sales grew by 3.4% to £15.3bn ($19.5bn) in the 13 weeks to 25 May, compared with the same period last year. Tesco says […]
(Reuters) — Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy. Shares of the San Jose, California-based company jumped around 15% in premarket trading on Friday. The company now expects revenue of between $21.40 […]
Digital media and marketing software firm Adobe (ADBE) late Thursday topped analyst estimates for its fiscal second quarter and raised its outlook for the full year. Adobe stock surged in extended trading. X The San Jose, Calif.-based company earned an adjusted $4.48 a share on sales of $5.31 billion in the quarter ended May 31. […]
Fool.com contributor Parkev Tatevosian previews Adobe‘s (NASDAQ: ADBE) quarterly earnings update for investors. *Stock prices used were the afternoon prices of June 5, 2024. The video was published on June 7, 2024. Should you invest $1,000 in Adobe right now? Before you buy stock in Adobe, consider this: The Motley Fool Stock Advisor analyst team […]
Software giant Oracle (ORCL) has been rangebound for nearly one year. But with the Nasdaq near all-time highs, Oracle stock is back above all of its moving averages and less than 7% off its all-time high ahead of the company’s earnings report Tuesday. X The Nasdaq composite surged 2% in higher volume Wednesday, helping lift […]
Adobe (NASDAQ: ADBE) and Snowflake (NYSE: SNOW) are both cloud software companies that have been upgrading their ecosystems with new AI features. Adobe, which is best known for its cloud-based digital media software, has been expanding Firefly, a generative AI tool for creating pictures and digital models with text-based prompts. It can also be used […]
In this video, I will go over Adobe‘s (NASDAQ: ADBE) first-quarter earnings report and specific comments made during the earnings call, and I’ll explain why the stock is down. *Stock prices used were from the trading day of March 14, 2024. The video was published on March 14, 2024. Should you invest $1,000 in Adobe […]
Shares of Adobe (NASDAQ: ADBE) declined 11% in Thursday’s after-hours trading following the software-as-a-service (SaaS) company’s release of its report for the first quarter of fiscal 2024 (ended March 1). The stock’s drop is largely attributable to revenue guidance for the second quarter coming in lighter than Wall Street had expected. On the positive side, […]
(Bloomberg) — Adobe Inc. dropped about 10% in extended trading after giving a weak outlook for sales in the current quarter, fueling concerns that new AI-focused startups pose a competitive threat. Most Read from Bloomberg Revenue will be $5.25 billion to $5.3 billion in the period, the company said Thursday in a statement. Analysts, on […]
Following a highly anticipated bid by Adobe Inc. (NASDAQ:ADBE) to acquire Figma, hopes were high for a union that promised digital innovations and creative workflows. However, the deal hit a roadblock as regulatory approvals from the European Commission and the UK Competition and Markets Authority proved elusive because of antitrust laws. The failed acquisition, stemming […]