5 Stocks On Investors’ Radar After Posting Their Financial Results

Page 5 of 5

1. Adobe Inc. (NASDAQ:ADBE)

Number of Hedge Fund Holders: 95

Shares of Adobe Inc. (NASDAQ:ADBE) plummeted over 10 percent on Thursday, December 16, 2021, after issuing a weak outlook for its fiscal 2022 along with its fourth-quarter results.

Adobe Inc. (NASDAQ:ADBE) expects adjusted earnings of $13.70 per share on revenue of $17.90 billion for its current fiscal year. However, the guidance was below analysts’ average estimate of $14.26 per share for earnings and $18.16 billion for revenue.

Follow Adobe Inc. (NASDAQ:ADBE)

For the fourth quarter, Adobe Inc. (NASDAQ:ADBE) reported adjusted earnings of $3.20 per share, in line with the consensus forecast. Revenue for the quarter jumped 20 percent versus last year to $4.11 billion, beating expectations of $4.087 billion.

Praising the latest quarterly performance, CFO of Adobe Inc. (NASDAQ:ADBE), Dan Durn, said:

“Adobe’s financial performance in fiscal 2021 was outstanding, with top-line acceleration resulting in more than $7 billion in operating cash flows. With an estimated $205 billion addressable market, we are well positioned for significant growth in the years ahead with our industry-leading products and platforms.”

You can also take a peek at 13 Uranium Stocks Popular on Reddit and 10 Meme Stocks that More than Doubled in 2021.

Page 5 of 5