Adobe Inc. (ADBE) shares fell 5.96 percent to $253.71, down $16.07 on Friday, as investors reacted to quarterly results despite higher earnings and revenue growth.
The stock is currently trading at $253.71 compared with its previous close of $269.78. Shares opened at $248.80 and traded between $247.19 and $256.70 during the session on the Nasdaq. Trading volume reached about 5.79 million shares, above the average volume of about 5.18 million shares.
Adobe reported first-quarter net income of $1.88 billion, or $4.60 per share, compared with $1.81 billion, or $4.14 per share, a year earlier. Adjusted earnings were $2.48 billion, or $6.06 per share, while revenue rose 11.9 percent to $6.39 billion from $5.71 billion last year. Despite the earnings growth, the stock has come under pressure following the results.
The stock has traded in a 52-week range of $244.28 to $422.95.
For comments and feedback contact: editorial@rttnews.com
Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.