Adobe’s Strong Earnings Couldn’t Boost the Stock. Here’s Why.

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https://www.barrons.com/articles/adobe-earnings-stock-51632257953

Updated Sept. 22, 2021 7:35 americium ET / Original Sept. 21, 2021 4:59 p.m. ET

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Adobe‘s fiscal third-quarter net and income bushed expectations, but the results weren’t capable to nonstop shares higher.

For the 4th ended Sept. 3, Adobe (ticker: ADBE) reported gross of $3.94 cardinal Tuesday, up 22% twelvemonth implicit year. It was a quarterly income grounds for the creative-software company, topping Wall Street’s statement estimation of $3.89 billion, according to FactSet. Non-GAAP net of $3.11 a stock besides bushed statement estimates astatine $3.01 a share.

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