What's Going On With Adobe Stock Thursday
Portfolio Pulse from Dylan Berman
Adobe, Inc. (NASDAQ:ADBE) is set to report its fiscal-year second-quarter earnings after the market closes. Analysts expect adjusted EPS of $4.39 and revenue of $5.29 billion. In the previous quarter, Adobe missed EPS estimates but beat revenue expectations.
June 13, 2024 | 3:38 pm
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Adobe is set to report its Q2 earnings after market close. Analysts expect EPS of $4.39 and revenue of $5.29 billion. In the previous quarter, Adobe missed EPS estimates but beat revenue expectations.
The upcoming earnings report is crucial for Adobe as it will indicate whether the company can meet or exceed analyst expectations. The previous quarter's mixed results (missed EPS but beat revenue) add uncertainty, but the market is likely to react positively if Adobe meets or exceeds the current expectations.
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