Jordan Novet / CNBC:
Adobe reports Q4 revenue up 10% YoY to $4.53B, Digital Media revenue up 10% YoY to $3.3B, and Digital Experience revenue up 14% YoY to $1.15B; stock is up 5%+ — – Adobe maintained its forecast for the new fiscal year. — The company’s earnings for the fiscal fourth quarter was strong …
Jordan Novet / CNBC:
IBM reports Q3 revenue up 6.5% YoY to $14.11B vs. $13.51B est., with software revenue up 7.5% YoY to $5.81B vs. $5.54B est., and lifts FY 2022 revenue forecast — – IBM beat on the top and bottom lines and raised its revenue growth forecast for all of 2022.
Brody Ford / Bloomberg:
DocuSign reports Q2 revenue up 22% YoY to $622.2M, vs. $602.7M est., and a full-year billings forecast of $2.55B to $2.57B, vs. $2.53B est.; stock jumps 18%+ — DocuSign Inc. rallied 17% after reporting quarterly sales that topped analysts’ estimates and raising its billings forecast …
Takashi Mochizuki / Bloomberg:
Nintendo reports Q2 operating profit of ~$809M, up from ~$685M YoY, and cuts its fiscal year Switch sales forecast by 10% to 19M; a weakened yen boosts results — Nintendo Co. cut its fiscal-year forecast for Switch console sales by 10% to 19 million after reporting earnings in line with expectations.
Kif Leswing / CNBC:
Block Q3: revenue up 17% YoY to $4.52B, vs. $4.49B est., gross profit up 38% YoY to $1.57B, vs. $1.53B est., and Cash App gross profit up 51% YoY; stock up 12%+ — – Block stock rose in extended trading after the payments company reported third-quarter earnings that beat Wall Street expectations for profit.
Jordan Novet / CNBC:
Zoom reports Q3 revenue up 5% YoY to $1.1B, Enterprise customers up 14% YoY to ~209.3K, and a FY 2023 revenue guidance below estimates; stock drops 7%+ — – Zoom made a slight downward revision to its revenue guidance, and investors responded by pushing the stock lower.
Jordan Novet / CNBC:
Twilio reports Q3 revenue up 33% YoY to $983M, vs. $972.2M est., 280K+ active customer accounts, and Q4 revenue guidance below estimates; the stock drops 15%+ — – Twilio’s quarterly revenue projection was softer than analysts had been looking for. — The company added about 5,000 active customer accounts in the quarter.
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