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Earnings Outlook Brightens as Estimates Keep Rising
Zacks61d agoneutral
Earnings Outlook Brightens as Estimates Keep Rising

The earnings revisions trend for full-year 2026 has been positive for quite some time now, with estimates for 11 of the 16 Zacks sectors increasing since the start of March. Energy, Basic Materials, and Technology have been the biggest beneficiaries.

Adobe Q2 Earnings Call Highlights
MarketBeat62d agoneutral
Adobe Q2 Earnings Call Highlights

Adobe (NASDAQ:ADBE) reported record fiscal second-quarter revenue and raised its full-year revenue outlook, while executives outlined a strategic shift toward more aggressive freemium user acquisition across Acrobat, Express and Firefly that is expected to weigh on second-half annual recurring reven

Reuters62d agoneutral
Marvell names Adobe's Dan Durn as finance chief amid growing AI demand

Marvell Technology on Thursday named Adobe's Dan Durn as chief financial ‌officer, succeeding Willem Meintjes, who is stepping ‌down after more than three years in the role. Durn ​will take charge at Marvell starting June 15, while Meintjes will remain with the semiconductor company in an advisory role through April 2027 to ‌support the transition. The ⁠appointment comes as Marvell looks to benefit from a surge in spending on ⁠AI-related data center infrastructure, which has boosted demand for advanced networking and custom chip technologies.

Adobe raises annual revenue forecast, CFO to exit
Reuters62d agoneutral
Adobe raises annual revenue forecast, CFO to exit

Adobe raised its ‌annual revenue forecast ‌on Thursday, signaling increased ​adoption of its AI tools and higher subscription ‌spending as ⁠the Photoshop maker looks to ⁠get ahead in the highly ​competitive ​software ​design industry. The ‌company expects revenue of between $26.5 billion and $26.6 billion, compared with its earlier ‌forecast of ​between $25.9 billion ​and $26.1 ​billion. The company ‌also announced the ​departure ​of its CFO Dan Durn.

SpaceX IPO: What to Watch the Rest of the Week
The Wall Street Journal62d agoneutral
SpaceX IPO: What to Watch the Rest of the Week

Investors are counting down to the end of the week when Elon Musk’s SpaceX is expected to start trading in what could be the largest IPO on record. Some analysts have blamed recent volatility to investor repositioning ahead of the first trades.

Earnings and key economic data ahead on Thursday, June 11
Yahoo Finance Video63d agoneutralVIDEO
Earnings and key economic data ahead on Thursday, June 11

Asking for a Trend Host Josh Lipton breaks down what investors should be on the lookout for on Thursday, June 11. On the earnings front, Adobe (ADBE) and Lennar (LEN) are set to report, while key economic releases include the Producer Price Index (PPI) and weekly initial jobless claims.

SpaceX IPO, Oracle earnings, May CPI: What to watch this week
Yahoo Finance Video66d agoneutralVIDEO
SpaceX IPO, Oracle earnings, May CPI: What to watch this week

Asking for a Trend Host Josh Lipton previews several of the biggest stories to come throughout next week, including SpaceX's (SPAX.PVT) long-awaited mega-IPO, earnings from Adobe (ADBE) and Oracle (ORCL), and the latest inflation data in the form of May's Consumer Price Index (CPI) report.