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.

United States United States Latest News, United States United States 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 »