Adobe Shares Are Falling Today: What's Going On?
Adobe Shares Are Falling Today: What's Going On?
Adobe Inc. (NASDAQ:ADBE) shares are trading lower Friday. The company reported its fourth-quarter results on Wednesday. Here's what you need to know.
週五，Adobe公司（納斯達克股票代碼：ADBE）股價走低。該公司週三公佈了第四季度業績。以下是你需要知道的。
What To Know: On Wednesday, Adobe reported fourth-quarter revenue of $5.61 billion, beating the $5.54 billion consensus. Adjusted earnings were $4.81 per share, above the $4.66 estimate. This marks Adobe's eighth consecutive quarter of beating expectations. Total revenue grew 11% year-over-year, with Digital Media and Digital Experience revenues up 12% and 10%, respectively. Remaining performance obligations (RPO) rose 16% to $19.96 billion. Operating cash flow was $2.92 billion and 4.6 million shares were repurchased during the quarter according to Benzinga Pro.
須知：週三，Adobe公佈的第四季度收入爲56.1億美元，超過了預期的55.4億美元。調整後的每股收益爲4.81美元，高於預期的4.66美元。這標誌着Adobe連續第八個季度超出預期。總收入同比增長11％，數字媒體和數字體驗收入分別增長12％和10％。剩餘履約義務（RPO）增長了16％，達到199.6億美元。根據Benzinga Pro的數據，本季度運營現金流爲29.2億美元，回購了460萬股股票。
CEO Shantanu Narayen highlighted record fiscal 2024 revenue and the importance of Adobe's cloud platforms in the AI economy.
首席執行官尚塔努·納拉延強調了創紀錄的2024財年收入以及Adobe雲平台在人工智能經濟中的重要性。
Guidance: Revenue is projected between $23.3 billion and $23.55 billion, below the $23.79 billion consensus. Adjusted earnings per share are expected to range from $20.20 to $20.50, slightly below the $20.55 estimate. First-quarter revenue guidance of $5.63 billion to $5.68 billion also missed the $5.73 billion consensus. Management pointed to lower pricing benefits, delayed monetization of generative AI solutions and foreign exchange headwinds as factors weighing on growth.
指導：收入預計在233億美元至235.5億美元之間，低於預期的237.9億美元。調整後的每股收益預計將在20.20美元至20.50美元之間，略低於20.55美元的預期。第一季度收入預期爲56.3億美元至56.8億美元，也未達到57.3億美元的共識。管理層指出，較低的定價優勢、生成式人工智能解決方案的延遲貨幣化以及外匯阻力是壓制增長的因素。
Analysts Ratings:
分析師評級：
- Piper Sandler: Brent Bracelin maintained an Overweight rating but lowered the price target from $635 to $600.
- Oppenheimer: Brian Schwartz reiterated an Outperform rating with a reduced price target of $600.
- Goldman Sachs: Kash Rangan reaffirmed a Buy rating and $640 price target.
- KeyBanc Capital Markets: Jackson Ader maintained an Underweight rating and $450 price target.
- RBC Capital Markets: Matthew Swanson lowered the price target from $610 to $590 while maintaining an Outperform rating.
- UBS: Reduced its price target to $525 with a Neutral rating.
- Barclays: Adjusted its price target to $645, maintaining an Overweight rating.
- Bernstein: Cut its price target to $587, reiterating an Outperform rating.
- DA Davidson: Revised its target to $625 while retaining a Buy rating.
- 派珀·桑德勒：布倫特原油維持增持評級，但將目標股價從635美元下調至600美元。
- 奧本海默：布萊恩·施瓦茨重申了跑贏大盤的評級，將目標股價下調爲600美元。
- 高盛：卡什·蘭根重申了買入評級和640美元的目標股價。
- KeyBanc資本市場：傑克遜·阿德維持減持評級和450美元的目標股價。
- 加拿大皇家銀行資本市場：馬修·斯旺森將目標股價從610美元下調至590美元，同時維持跑贏大盤的評級。
- 瑞銀：將目標股價下調至525美元，評級爲中性。
- 巴克萊：將目標股價調整至645美元，維持增持評級。
- 伯恩斯坦：將目標股價下調至587美元，重申跑贏大盤的評級。
- DA Davidson：將目標股價上調至625美元，同時維持買入評級。
ADBE Price Action: Adobe shares were down 3.47% at $458.18 at the time of writing, according to Benzinga Pro.
ADBE價格走勢：根據Benzinga Pro的數據，在撰寫本文時，Adobe股價下跌3.47％，至458.18美元。
Image via Shutterstock.
圖片來自 Shutterstock。
