- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Trading
- Trading
- Markets
- Markets
- Products
- Forex
- Commodities
- Metals
- Indices
- Shares
- Cryptocurrencies
- Treasuries
- ETFs
- Accounts
- Accounts
- Compare our accounts
- Our spreads
- Funding & withdrawals
- Open account
- Try free demo
- Platforms & tools
- Platforms & tools
- Platforms
- Platforms
- Platforms overview
- MetaTrader 4
- MetaTrader 5
- Mobile trading platforms
- Premium trading tools
- Premium trading tools
- Tools overview
- VPS
- Genesis
- Education
- Education
- Resources
- Resources
- News & analysis
- Education hub
- Economic calendar
- Earnings announcements
- Help & support
- Help & support
- About
- About
- About GO Markets.
- Our awards
- Sponsorships
- Client support
- Client support
- Contact us
- FAQs
- Quick support
- Holiday trading hours
- Fraud and scam awareness
- Legal documents
- Home
- News & Analysis
- Shares and Indices
- Adobe announces latest results and Figma acquisition
- Home
- News & Analysis
- Shares and Indices
- Adobe announces latest results and Figma acquisition
- 1 month -29.45%
- 3 months -15.16%
- Year-to-date -45.38%
- 1 year -53.43%
- UBS $415
- Stifel $500
- Baird $450
- Deutsche Bank $500
- Wells Fargo $425
- Mizuho $480
- Citigroup $388
- Barclays: $440
News & AnalysisNews & AnalysisAdobe Inc. (ADBE) announced its financial results for the third quarter of the fiscal year 2022 before the opening bell in the US on Thursday.
The American software company reported revenue of $4.433 billion, falling slightly short of Wall Street forecast of $4.438 billion.
Earnings per share reported at $3.40 per share for the quarter, above analyst estimate of $3.345 per share.
”Fueled by our ground-breaking technology, track record of creating and leading categories and consistent execution, Adobe delivered another record quarter,” Shantanu Narayen, chairman and CEO of Adobe said in a press release.
”Adobe achieved record revenue and strong profitability in the quarter, demonstrating that our products are mission-critical to individuals, small businesses and the world’s largest enterprises,” said Dan Durn, executive vice president and CFO of the company.
”Our operational rigor combined with our strong engine of innovation are driving growth across our platforms and will fuel future growth as the digital economy continues to expand,” Durn added.
The company repurchased approximately 5.1 million shares during the quarter.
Adobe also announced that it has entered into final stages to acquire Figma, a web-first collaborative design platform for around $20 billion in cash and stock.
”Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,”
”The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity,” Shantanu Narayen commented on the acquisition of Figma.
Adobe Inc. (ADBE) chart
Shares of Adobe were down by around 15% on Thursday, trading at $313.35 a share.
Here is how the stock has performed in the past year:
Adobe price targets
Adobe is the 70th largest company in the world with a market cap of $144.34 billion.
You can trade Adobe Inc. (ADBE) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.
Sources: Adobe Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap
Ready to start trading?
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice.
Next Article
Gold Testing Major Support Level
For the last 2 years, Gold has been bouncing in a range between $1700 and $2070 and is currently testing the major support level around $1700 as seen below. The price has used the yellow highlighted as an area for support zone and a rejection zone. Over the last 2 years clear rejections have occurred every time the price has reached around $...
September 16, 2022Read More >Previous Article
NZDJPY showing a potential buy?
The NZDJPY like most currencies against the JPY has been in a strong uptrend for over 2 years. With the Central Bank of Japan rema...
September 15, 2022Read More >Please share your location to continue.
Check our help guide for more info.