Investing.com - Adobe (NASDAQ:ADBE) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Adobe announced earnings per share of $3.35 on revenue of $4.39B. Analysts polled by Investing.com anticipated EPS of $3.31 on revenue of $4.35B.
Adobe shares are down 35% from the beginning of the year and are trading at $354.60 , down-from-52-week-high.They are under-performing the S&P 500 which is down 22.98% from the start of the year.
Adobe shares lost 2.87% in after-hours trade after the report.
Adobe follows other major Information Technology sector earnings this month
Adobe's report follows an earnings beat by NVIDIA on Wednesday, May 25, 2022, who reported EPS of $1.36 on revenue of $8.29B, compared to forecasts EPS of $1.3 on revenue of $8.12B.
Broadcom had beat expectations on Thursday, May 26, 2022 with second quarter EPS of $9.07 on revenue of $8.1B, compared to forecast for EPS of $8.71 on revenue of $7.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar