) raised its annual earnings guidance after the Photoshop-maker posted better-than-expected second-quarter results, sending shares in the California-based firm surging by over 14% in premarket trading.
"Our highly differentiated approach to and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users," said CEO Shantanu Narayen in a statement. Adobe is now predicting that full-year earnings per share will be between $18.00 and $18.20, while revenue is projected in a range of $21.40 billion to $21.50 billion. It had previously forecast per-share income of $17.60 to $18.00 and revenue of $21.30 billion to $21.50 billion for its 2024 fiscal year.
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