OCUL - Adobe Issues Weak Forecast Joins Mueller Water Products AerSale And Other Big Stocks Moving Lower In Thursday's Pre-Market Session | Benzinga
U.S. stock futures were higher this morning, with the Dow Jones futures gaining around 70 points on Thursday.
Shares of Adobe Inc. (NASDAQ: ADBE) shares moved lower in pre-market trading following the release of fourth-quarter results.
Adobe posted upbeat earnings for its fourth quarter, but issued weak sales forecast for full-year 2024. The company reported quarterly earnings of $4.27 per share which exceeded the Street's estimate of $4.14. Revenue clocked in at $5.05 billion, surpassing the analyst consensus estimate of $5.03 billion.
Adobe said it sees FY24 total revenue to be between $21.30 billion and $21.50 billion, ...