Adobe Q2 Earnings: Revenue Beat, EPS Beat, Strong Guidance, Momentum Due To 'Highly Differentiated Approach To AI' And More
Portfolio Pulse from Adam Eckert
Adobe Inc (NASDAQ:ADBE) reported strong Q2 earnings, beating both revenue and EPS estimates. The company achieved record revenue of $5.31 billion, driven by growth across its cloud services. Adobe also provided strong guidance for Q3 and full-year 2024, significantly above analyst estimates. The stock rose 14.39% in after-hours trading.
June 13, 2024 | 8:23 pm
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Adobe reported strong Q2 earnings, beating both revenue and EPS estimates. The company achieved record revenue of $5.31 billion and provided strong guidance for Q3 and full-year 2024. The stock rose 14.39% in after-hours trading.
Adobe's strong Q2 earnings report, record revenue, and robust guidance for Q3 and full-year 2024 are likely to positively impact the stock price in the short term. The stock's 14.39% rise in after-hours trading indicates strong investor confidence.
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