Adobe's Better-Than-Expected Quarterly Results Show AI Is Further Strengthening Its Creative Software Dominance
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Adobe Inc (NASDAQ: ADBE) reported better-than-expected fiscal second quarter results, with revenue growing 10% YoY to $5.31 billion and adjusted earnings of $4.48 per share. The company also raised its full-year guidance, expecting adjusted earnings per share between $18.00 and $18.20 on revenue between $21.40 billion and $21.50 billion. Adobe's AI-driven products are seeing robust demand, and the company has not observed any significant economic changes affecting its business.
June 14, 2024 | 5:19 pm
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Adobe reported strong fiscal Q2 results, surpassing expectations on both earnings and revenue. The company raised its full-year guidance, driven by robust demand for its AI-driven products.
Adobe's better-than-expected earnings and revenue, along with raised full-year guidance, indicate strong business performance. The robust demand for AI-driven products further supports a positive short-term outlook for the stock.
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