Adobe Q3 Preview: Stock Down 10 of Last 12 Earnings Reports — ‘They Need to Change the Narrative’
Analysts expect Adobe to report third-quarter revenue of $6.69 billion, up from $5.99 billion in last year’s third quarter.
Adobe's sales are growing, which is good, but its stock has gone down after 10 of the last 12 earnings reports—meaning people are worried about something else, like profits or future plans. When a company's sales go up but the stock still falls, it's a sign to watch what the company says about costs and its future direction.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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