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Adobe, profits below expectations

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The list of IT companies forced to correct their profit forecasts continues to grow.

After Apple, AMD, Intel and only yesterday Nvidia, just to name a few, Adobe has also made it known that the earnings for the quarter will be lower than initially expected.

The drop in margins is expected to be between 10 and 25%, dropping from the desired 300/320 million dollars to 250/270 million dollars

The responsibility for the situation that stands out in an overall very difficult scenario would be an unexpected drop in sales in two key markets, such as Europe and Japan, which did not respond to expectations during the month of June, posting very disappointing results.

Recall that Adobe, whose business is based on almost 50% on the Mac market, had already disappointed investors and market observers last quarter by posting an 11% lower turnover than in the same period last year.

The Californian company, in any case, has not changed in the context of yesterday's announcement the forecasts for the quarter following the current one which should produce profits for an estimated figure between 315 and 345 million dollars.