Adobe Stock Jumps On Earnings Beat, Strong Outlook: Company Says It's Positioned To Lead 'New Era Of Generative AI'
Portfolio Pulse from Adam Eckert
Adobe Inc reported a 10% YoY increase in Q2 revenue to $4.82 billion, beating the consensus estimate of $4.43 billion. Adjusted earnings were $3.91 per share, surpassing estimates of $3.79 per share. The company expects Q3 revenue between $4.83 billion and $4.87 billion and full-year revenue between $19.25 billion and $19.35 billion.
June 15, 2023 | 8:19 pm
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Adobe's Q2 revenue and earnings beat estimates, with a strong outlook for Q3 and full-year revenue. Shares are trading higher after the announcement.
Adobe reported better-than-expected Q2 results and a strong outlook for Q3 and full-year revenue. This positive news is likely to boost investor confidence and drive the stock price higher in the short term.
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