quarterly

Adobe Stock falls on mixed quarterly report, $20 billion acquisition

Adobe Stock falls on mixed quarterly report, $20 billion acquisition

Digital Media and Marketing Software Company adobe (ADBE) on Thursday beat Wall Street’s third-quarter profit target, but sales came in slightly below expectations. It also announced a deal to acquire web-first collaborative design platform Figma for about $20 billion. Shares of ADBE fell by double digits on the news. X The San Jose, California-based company …

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Best Buy's quarterly sales fall as inflation-weary consumers spend less

Best Buy’s quarterly sales fall as inflation-weary consumers spend less

The TV can be seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy said on Tuesday that sales fell about 13% in the fiscal second quarter as the retailer felt a pullback from inflation-weary shoppers. The company reiterated its full-year guidance. The company lowered its forecast …

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Best Buy's quarterly sales fall as inflation-weary consumers spend less

Best Buy’s quarterly sales fall as inflation-weary consumers spend less

The TV can be seen for sale at a Best Buy store in New York City. Andrew Kelly | Reuters Best Buy said on Tuesday that sales fell about 13% in the fiscal second quarter as the retailer felt a pullback from inflation-weary shoppers. The company reiterated its full-year guidance. The company lowered its forecast …

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