Companies including Adobe, Broadcom, Oracle and Ulta reported quarterly results after-the-bell Thursday.
Adobe (ADBE, -3.26%) delivered guidance for its fiscal second quarter that fell short of consensus expectations. The software company said it sees second-quarter adjusted EPS of about $1.77, or 11 cents short of consensus estimates. Its guidance for second-quarter revenue of $2.7 billion also fell slightly short of expectations. However, Adobe beat Wall Street’s expectations for first quarter results, delivering adjusted EPS of $1.71 on revenue of $2.6 billion, versus estimates for earnings of $1.62 per share on revenue of $2.55 billion. It also suggested it expects a stronger second half to the year, as it raised its forecast for full-year adjusted earnings to about $7.80 per share, from $7.75 per share previously.
Broadcom (AVGO, +5.22%) posted better-than-expected earnings for the fiscal first quarter and reaffirmed its outlook for 2019. The semiconductor company delivered adjusted earnings from continuing operations of $5.55, or 2 cents above consensus estimates. First-quarter adjusted net revenue of $5.79 billion fell slightly short of expectations for $5.82 billion, while gross margin of 71.4% exceeded estimates by 2%. The company is maintaining its fiscal 2019 revenue outlook for $24.5 billion.
Oracle (ORCL, -3.41%) provided weak guidance for its fiscal fourth quarter, eclipsing better-than-expected results for the company’s fiscal third quarter. The cloud computing company sees fourth-quarter revenue flat to down 2%, and anticipates that adjusted earnings per share will be in a range of $1.05 to $1.09 per share, with the midpoint of the range short of the $1.09 expected. Oracle said it gained new business from companies including Fair Isaac, UNICORP, Gap and Jo-Ann stores during its fiscal third quarter.
Ulta (ULTA, +5.24%) delivered earnings for the fiscal fourth-quarter that topped Wall Street’s expectations by 5 cents, coming in at $3.61 per share. Quarterly revenue of $2.12 billion also slightly exceeded expectations. Comparable same-store sales increased 9.4% in the fourth quarter, an improvement from 8.8% in the fourth quarter of 2017, and the company sees full-year comps for 2019 up between 6% and 7%. Ulta ended the fourth quarter with 1,174 stores and said it plans to add about 80 new stores in fiscal 2019.
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Emily McCormick is a reporter for Yahoo Finance. Follow her on Twitter: @emily_mcck
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