Adobe's Earnings Miss Expectations, Stock Drops 6.8%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2026
0mins
Source: CNBC
- Earnings Miss: Adobe reported a non-GAAP operating margin of 44% for Q2, falling short of the 44.5% estimate, resulting in a 6.8% stock drop, despite beating both revenue and earnings expectations, indicating market concerns over profitability.
- Executive Departure: CFO Dan Dunn's upcoming departure on June 15 to pursue new opportunities may heighten investor anxiety regarding the company's future financial management, further impacting stock performance.
- Lennar Revenue Decline: Lennar's Q2 revenue of $7.94 billion missed the $8.02 billion forecast, with deliveries also falling short, reflecting weakness in the housing market and leading to a 0.7% stock decline.
- AMD Stock Rise: AMD shares rose over 1% after Citi upgraded its rating from neutral to buy, anticipating that the company could capture market share from Nvidia in the graphics processing unit sector, boosting earnings potential.
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Analyst Views on WMB
Wall Street analysts forecast WMB stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 71.250
Low
33.00
Averages
68.46
High
83.00
Current: 71.250
Low
33.00
Averages
68.46
High
83.00
About WMB
The Williams Companies, Inc. owns and operates energy infrastructure that delivers natural gas. The Company's segments include Transmission, Power & Gulf; Northeast G&P; West, and Gas & NGL Marketing Services. Transmission, Power & Gulf segment is comprised of interstate natural gas pipelines and their related natural gas storage facilities including Transco, NWP, and MountainWest and a 50 percent equity-method investment in Gulfstream; and others. Northeast G&P segment is comprised of midstream gathering, processing, and fractionation businesses in the Marcellus Shale region primarily in Pennsylvania and New York, and the Utica Shale region of eastern Ohio, and others. West segment is comprised of gas gathering, processing, and treating operations in the Rocky Mountain region of Colorado and Wyoming, the Eagle Ford Shale region of south Texas, and others. Gas & NGL Marketing Services segment is comprised of NGL and natural gas marketing and trading operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Accelerated Policy Support: Ohio's new law allows certain power plants to gain approval in as little as 45 days, facilitating rapid data center development, with state officials aiming to attract ten hyperscale data centers to boost the local economy.
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