Adobe (ADBE) has delivered a strong second quarter earnings report, beating Wall Street's expectations on the top and bottom lines. The software giant reported revenue of $5.31 billion, surpassing analysts' projections of $5.29 billion. Adobe's adjusted earnings per share (EPS) came in at $4.48, topping estimates of $4.40. The company boosted its full-year EPS guidance as a result, sending shares higher in Thursday's trading session. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Angel Smith
Adobe shares jumped in late Thursday after the creative and marketing software company posted better-than-expected results for its latest quarter, while boosting guidance for the fiscal year ending in November. For the quarter, Adobe posted revenue of $5.31 billion, up 10% from a year earlier. Adobe shares were up 14% in after-hours trading following the report.
Adobe's Digital Experiences grew an impressive +9% year over year, with notable earnings upgrades for next quarter and full year.