ADBE Sep 2024 550.000 call
| Previous close | 42.42 |
| Open | 43.32 |
| Bid | 44.00 |
| Ask | 50.35 |
| Strike | 550.00 |
| Expiry date | 2024-09-20 |
| Day's range | 38.17 - 45.87 |
| Contract range | N/A |
| Volume | |
| Open interest | 644 |
- Yahoo Finance Video
Adobe plunges after Q4 guidance falls short
Adobe (ADBE) reported fiscal third quarter earnings that topped Wall Street estimates on both the top and bottom lines, but shares plunged in after-hours trading on its outlook. Adobe reported adjusted earnings of $4.65 per share, topping the Bloomberg consensus estimate of $4.53. Revenue was $5.41 billion, just above the expected $5.37 billion. For Q4, Adobe sees revenue of $5.50-$5.55 billion, short of the $5.60 billion Wall Street was expecting. Interactive Brokers Chief Strategist Steve Sosnick tells Yahoo Finance that what Adobe is seeing is part of a wider market trend. "It's necessary to beat your posted EPS number, but it's no longer sufficient," he says, adding companies need to hit on all their metrics given how "aggressively" stocks like Adobe have been priced. Sosnick joins Market Domination anchors Julie Hyman and Josh Lipton in discussing the tech giant's results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.
- Yahoo Finance Video
Adobe earnings, August PPI, mortgage rates: What to Watch
Creative software company Adobe (ADBE) will report its fiscal third quarter earnings results tomorrow, alongside Kroger (KR), RH (RH), and Signet Jewelers (SIG). August's Producer Price Index (PPI) is also expected out on Thursday, September 12. Other economic data to be released include the prior week's initial jobless claims and mortgage rate. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.
Investor's Business DailyAdobe Stock Falls After Creative Software Firm Gives Light Guidance
Adobe beat Wall Street's targets for its fiscal third quarter, but its guidance for the current period missed estimates. ADBE stock fell.
