Investing.com - Adobe (NASDAQ:ADBE) reported on Thursday fourth quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Adobe announced earnings per share of $3.2 on revenue of $4.11B. Analysts polled by Investing.com anticipated EPS of $3.2 on revenue of $4.09B.
Adobe shares are up 26% from the beginning of the year and are trading at $584.12 , down-from-52-week-high.They are outperforming the Nasdaq which is up 20.77% from the start of the year.
Adobe shares lost 7.33% 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, November 17, 2021, who reported EPS of $1.17 on revenue of $7.1B, compared to forecasts EPS of $1.11 on revenue of $6.82B.
Oracle had beat expectations on Thursday, December 9, 2021 with second quarter EPS of $1.21 on revenue of $10.36B, compared to forecast for EPS of $1.11 on revenue of $10.2B.
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