Adobe Stock Falls 8% Despite Beating Q3 Estimates and Missing Q4 Guidance
Adobe (NASDAQ:ADBE) exceeded Q3 earnings but disappointed with lower Q4 guidance, causing an 8% pre-market stock drop. Earnings stood at $4.65 per share on $5.41 billion revenue, surpassing estimates. However, concerns loom over projected Q4 earnings of $4.63-$4.68 per share and $5.50-$5.55 billion revenue. Analysts also noted slower Creative Cloud growth. Read more
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BMO Capital Boosts American Tower Corp (NYSE:AMT) Rating to Outperform
BMO Capital's upgrade of American Tower Corporation (NYSE:AMT) to Outperform signals confidence in AMT's future growth potential. Despite a recent dip in stock price, AMT has outperformed the Finance sector, showing a 7.07% increase over the past month. Anticipated financial results include an EPS of $2.59 and forecasted net sales of $2.85 billion. Read more
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“Moderna Stock Drops 19% Following $1.1 Billion R&D Budget Reduction”
Moderna (NASDAQ:MRNA) faces stock plunge after unveiling $1.1 billion R&D budget cut. The biotech giant shifts focus to maximize existing product pipeline and commercial expansion, aiming to deliver ten new products by 2027. Despite high clinical trial success, investors react negatively to reduced R&D investment, causing a 19% intra-day stock drop. Read more
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