Recap: Adobe Q1 Earnings

Adobe ADBE reported its Q1 earnings results on Tuesday, March 22, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Adobe beat estimated earnings by 0.9%, reporting an EPS of $3.37 versus an estimate of $3.34.

Revenue was up $357.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.0 which was followed by a 1.67% drop in the share price the next day.

Here's a look at Adobe's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Adobe management provided guidance for their next quarter, expecting earnings between $3.3 and $3.3 per share for the next quarter.

This represents a -2.08% in quarter-over-quarter growth for Adobe, a bearish signal to many investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.