Shares of Twitter (NYSE:TWTR) rose 1.7% after billionaire Elon Musk told the company’s employees that he remains committed to his offer to buy the social media company, but warned of upcoming staff cuts if the deal is successful.

Shares of Tesla (NASDAQ:TSLA) rose 1.5% thanks to an improvement in overall sentiment, despite the fact that the electric car maker raised the prices of some of its Model Y cars for the Chinese market.

Adobe (NASDAQ:ADBE) shares fell 3.8% after the software company published disappointing forecasts for the full year after the close of trading on Thursday, citing the conflict in Ukraine, problems with the exchange of foreign currency for $175 million and seasonal summer problems.

Roku (NASDAQ:ROKU) shares rose 5.4% after the streaming service announced a partnership with Walmart (NYSE:WMT), thanks to a deal allowing Roku viewers to take advantage of the retail giant’s e-commerce platform.

Alibaba (NYSE:BABA) shares rose more than 10% after Reuters reported that the central bank of China accepted the application of a subsidiary of Ant Group (HK:6688) to create a financial holding company.

United States Steel (NYSE) shares:X) rose 7.3% after the steelmaker announced a stronger-than-expected forecast for the second quarter and also accelerated its share buyback in the same quarter.

Dow (NYSE:DOW) shares fell 0.9% after Citigroup (NYSE:C) downgraded its position on the chemical company’s shares from “recommended for purchase” to “recommended for retention”, stating that the sector will experience difficulties in the future.

Shares of Utz Brands (NYSE:UTZ) rose almost 9% after Goldman Sachs (NYSE:GS) upgraded the snack food company’s rating from “recommended to buy” to “recommended to hold,” saying it is now at an “attractive entry point.”


Adobe reported adjusted earnings of $3.35 per share, exceeding the consensus forecast of $3.31. In the same quarter last year, the company’s adjusted earnings were $3.03 per share. Adjusted net income was $1.59 billion, an increase of 9% compared to last year.

Revenue in the Digital Media segment increased by 15% compared to last year and amounted to $3.2 billion, while revenue in the Creative Solutions segment jumped by 12% to $2.61 billion. In addition, revenue from the Cloud Document Management segment amounted to $595 million, an increase of 27%.

In addition, the revenue of the Digital Experience segment amounted to $1.1 billion, an increase of 17%, and revenue from subscriptions to Digital Experience increased by 18% to $961 million.

Interestingly, the annual regular revenue (ARR) from the “Digital Media” segment increased to $12.95 billion, and the ARR of the “Creative Solutions” segment jumped to $10.82 billion. In addition, the ARR of the Cloud Document Management segment has grown to $2.13 billion.

It is expected that the continued high demand for various Adobe offerings will maintain high dynamics in the second half of the 2022 fiscal year. In addition, increased investment and a strong business model of the company, as well as new products and innovations, are likely to drive growth in the future.