By Yasin Ebrahim
Investing.com - Adobe (NASDAQ:ADBE) reported on Thursday second quarter results that topped expectations, but softer current quarter guidance stoked worries about the growth outlook at time when inflation is eating into marketing spend.
Adobe shares lost 4% in after-hours trade following the report.
Adobe announced earnings per share of $3.35 on revenue of $4.39 billion. Analysts polled by Investing.com anticipated EPS of $3.31 on revenue of $4.35 billion.
The digital media business reported a 15% rise in year-over-year revenue to $3.20 billion for the quarter.
Looking ahead, the company forecast third-quarter adjusted EPS of $3.33 on revenue of $4.43 billion. That was short of Wall Street estimates for EPS and revenue of $3.40 and $4.51 billion, respectively.
For full-year fiscal 2022, Adobe forecast adjusted EPS of $13.50, and cut its revenue estimates to $17.65 billion from $17.90 billion previously. That compared with analysts' estimates for EPS of $13.67 on revenue of $17.85 billion.
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