Shares of Adobe (NASDAQ: ADBE) plunged 10.2% to close at $566.09 on Thursday after the American multinational computer software company provided disappointing Fiscal Q1 and Fiscal 2022 guidance. Meanwhile, the company reported upbeat Fiscal fourth-quarter 2021 (ended December 3) revenue results.  Results in Detail  Adobe reported adjusted earnings of $3.20 per share, which came in line with the consensus estimate. The company reported adjusted earnings of $2.81 per share in the same quarter last year.  Record total revenue of $4.11 billion grew 20% year-over-year and topped analysts’ expectations of $4.09 billion. Growth in all segments acted as tailwinds.  At the end of the fourth quarter, Remaining Performance Obligations (“RPO”) stood at $13.
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Adobe (NASDAQ:ADBE)
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