Here's what analysts had to say about Adobe's latest earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Here's what analysts had to say about Adobe's latest earnings

) 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Adobe earnings preview: Analysts weigh in ahead of fiscal Q2 resultsAdobe earnings preview: Analysts weigh in ahead of fiscal Q2 results
Source: Investingcom - 🏆 450. / 53 Read more »

Adobe’s Employees Are Just As Upset at the Company As Its Users: ReportExasperated employees are imploring Adobe leadership to not let it be the 'evil' company customers think it is.
Source: petapixel - 🏆 527. / 51 Read more »

Adobe delivers upbeat earnings guidance as Q2 results top estimatesAdobe delivers upbeat earnings guidance as Q2 results top estimates
Source: Investingcom - 🏆 450. / 53 Read more »