Adobe Reports Robust Q3, Raises Guidance — Stock Falls Anyway
Adobe shares continue to fall Friday despite reporting better-than-expected Q3 financial results on Thursday after the market closed.
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Oracle beats and raises guidance; Adobe tops estimates. Kroger, Hooker Furnishings and MoneyHero are due to report earnings.
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Adobe shares continue to fall Friday despite reporting better-than-expected Q3 financial results on Thursday after the market closed.
BTIG analyst Nick Altmann reiterates Adobe (NASDAQ:ADBE) from Neutral to Neutral.
U.S. stock futures were advanced on Friday, as the Dow Jones, S&P 500 and Nasdaq 100 indices rose, following Thursday's lower close.
RH shares jumped 8.2% premarket after EPS beat estimates despite a revenue miss; Oracle and others gained, while OPTT and ZUMZ fell.
Hooker Furnishings (NASDAQ:HOFT) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $(0.02) by 700 percent. This is a 138.71 percent increase over losses of $(0.31) per share
U.S. stocks fell as oil topped $100 and inflation fears grew; CNN Fear & Greed dropped to 33, remaining in the Fear zone.