Adobe down 5% premarket after earnings report

Friday, 12. June 2020 15:17

American multinational computer software company Adobe Inc. fell more than 5% after the company reported mixed second-quarter financial results.

Adobe's product revenue fell from $152.8 million in the second quarter of 2019 to $128 million in the current quarter, while services and support revenue fell $126 million.

The cloud software giant’s shares fell in premarket 5.05% at 09:09 am ET.

Related Links: 
Author:
Breaking the News / TF