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Following the results of the second financial quarter, American software developer Adobe has reported a 22% growth in revenue for the digital media segment to 1.89 billion dollars, finversia.ru reports, referring to the company's statements. The quarterly figure surpassed economists estimate of $1.86 billion. At the same time, the Experience Cloud division received a quarterly revenue of $784 million, an increase of 34%. Earnings per share also exceeded forecasts, not taking into account a number of balance sheet items. This figure was 1.86 dollars per share against the experts' forecast of 1.78 dollars per share. Adobe's published statements contributed to the growth of the company's shares by 4.6% during trading on Wednesday. At the same time, Adobe reported that in the third fiscal quarter, its revenues could not reach the forecasts of experts, amounting to $2.8 billion.
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
The economy in the European Union will plunge deeper into recession for 2020 and may recover only slightly in 2021 than previously thought, the European Commission predicted on Tuesday. The downbeat assessment of Europe's economy comes as ...
Forex analysts revised their forecasts for the Australian and New Zealand dollars but were left behind the market that has already exceeded the one-year target. Aussie forecasts were raised to $0.6400 in a month, $0.6450 in three months, and ...
Asian stocks were mixed earlier on Wednesday, giving up its gains made on the previous day. Market sentiment remained so after several vaccine experts reported that U.S. biotech firm Moderna had not provided sufficient information on the efficacy ...
Australia’s economy may contract significantly, according to the minutes of the meeting released by Australia’s central bank on Tuesday. The sharp economic reversal is expected to occur in the latter part of the second quarter ...
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