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Adobe Stock: Bear vs. Bull

TheMotleyFool

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Adobe Stock: Bear vs. BullPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7835e381-fcae-4834-ba93-4708292dc055.png

Adobe's (NASDAQ: ADBE) stock is up immediately following its latest earnings report. For the fourth quarter of fiscal 2022, which ended on Dec. 2, the cloud-based software company's revenue grew 10% year over year (14% in constant currency) to $4.53 billion and matched Wall Street's expectations. Its adjusted earnings increased 12% to $3.60 per share and cleared the consensus forecast by a dime.

For the fiscal 2023 first quarter, Adobe expects revenue to rise 8% to 9% on a reported basis, while adjusted earnings per share (EPS) climb between 8% and 10%. Both estimates matched analysts' expectations.

Image source: Getty Images.

Source Fool.com

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