What's Going On With Adobe Stock Ahead Of Earnings?
Portfolio Pulse from Erica Kollmann
Adobe Inc. (NASDAQ:ADBE) shares are trading higher ahead of its third-quarter financial results announcement. The company has also announced the commercial launch of its Firefly web application, now available across Adobe Creative Cloud, Adobe Express, and Adobe Experience Cloud. Adobe is expected to report earnings of $3.98 per share and third-quarter revenue of $4.87 billion.
September 13, 2023 | 3:14 pm
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Adobe's stock is trading higher ahead of its Q3 results and the launch of its Firefly web application. The company is expected to report earnings of $3.98 per share and Q3 revenue of $4.87 billion.
The rise in Adobe's stock price can be attributed to the anticipation of positive Q3 results and the launch of its new Firefly web application. The expected earnings and revenue figures are also likely to have a positive impact on the stock price.
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