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home / news releases / POSH - Hot Stocks: ADBE POSH fall on earnings news; PLL stock offering; OPRA sells stake in fintech

POSH - Hot Stocks: ADBE POSH fall on earnings news; PLL stock offering; OPRA sells stake in fintech

Poshmark Inc.
Adobe (NASDAQ:ADBE) stepped into the spotlight in Wednesday's pre-market trading, as disappointing guidance sparked investor concern. Poshmark (POSH) also saw selling amid worries about its outlook. Elsewhere, a public offering of common stock weighed on shares of Piedmont Lithium (PLL). At the same time, the sale of a stake in a fintech investment gave a lift to Opera (OPRA). Decliners Adobe (ADBE) suffered pre-market selling pressure in the wake of its quarterly report, sending the stock lower by about 3%. The design software maker beat expectations in its latest quarter. However, the company issued a soft outlook for its current quarter. The firm predicted revenue of $4.34B, below the $4.4B that analysts were projecting. Poshmark (POSH) also lost ground in pre-market trading after providing disappointing guidance along with its Q4 results. Shares of the online marketplace dropped 9% on the news. POSH reported mixed results for Q4, with a wider-than-expected

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Hot Stocks: ADBE, POSH fall on earnings news; PLL stock offering; OPRA sells stake in fintech
Stock Information
Company Name: Poshmark Inc.
Stock Symbol: POSH
Market: NASDAQ
Website: poshmark.com
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