Investing.com – Adobe (NASDAQ:) reported on Thursday third quarter that beat analysts’ forecasts and revenue that fell short of expectations.
Adobe announced earnings per share of $3.4 on revenue of $4.43B. Analysts polled by Investing.com anticipated EPS of $3.34 on revenue of $4.44B.
Adobe shares are down 34% from the beginning of the year and are trading at $333.74 , down-from-52-week-high.
Adobe shares lost 10.17% in pre-market trade the report.
Adobe follows other major Information Technology sector earnings this month
Adobe’s report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, compared to forecasts EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday, September 1, 2022 with third quarter EPS of $9.73 on revenue of $8.46B, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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