Company Of The Day: Adobe
What?
Adobe (NASDAQ:ADBE) has guided for revenues of $4.23 billion for Q1 FY’22, slightly below consensus estimates. The company’s full-year guidance for FY’22 was also lighter than expected at about $17.90 billion.
Why?
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The light guidance was partly due to a strengthening U.S. dollar, which could be weighing on the company which derives close to half its revenue from overseas.
So What?
Adobe stock declined by almost 10% in Thursday’s trading.
See Our Complete Analysis For Adobe
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| Returns | Dec 2021 MTD [1] |
2021 YTD [1] |
2017-21 Total [2] |
| ADBE Return | -16% | 13% | 450% |
| S&P 500 Return | 0% | 25% | 109% |
| Trefis MS Portfolio Return | -1% | 42% | 282% |
[1] Month-to-date and year-to-date as of 12/17/2021
[2] Cumulative total returns since 2017
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