Adobe Inc. (ADBE) released its fiscal year 2024 fourth-quarter earnings report, exceeding expectations for both revenue and earnings. But while the results impressed on paper, weak forward guidance has taken center stage, rattling investors. Here’s a breakdown of the company’s Q4 performance: Adjusted earnings per share: $4.81 compared to the $4.67 analyst consensus. Revenue: [...]
Shares of Adobe (ADBE) got a 15% boost yesterday after the company reported Q2 earnings that surpassed expectations on both the top and bottom lines, fueled by AI growth. The stock is up another 15% in pre-market trading Friday morning. Revenue of $5.31 billion was narrowly above the Wall Street estimate of $5.29 billion. [...]
Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 [...]
Shares of Adobe (ADBE) are down nearly 5% in Friday’s trading session after the cloud software firm reported third-quarter earnings. Despite beating the analyst consensus, the substantial investments in AI have yet to pay off. And, the outlook for the final quarter left much to be desired. Revenue for the quarter came in at [...]
