{"id":23785,"date":"2023-06-17T02:43:28","date_gmt":"2023-06-17T06:43:28","guid":{"rendered":"https:\/\/ifintechworld.com\/uncategorized\/adobe-lifts-annual-outlook-on-earnings-after-q2-results-top-estimates\/"},"modified":"2023-06-17T02:43:29","modified_gmt":"2023-06-17T06:43:29","slug":"adobe-lifts-annual-outlook-on-earnings-after-q2-results-top-estimates","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=23785","title":{"rendered":"Adobe lifts annual outlook on earnings after Q2 results top estimates"},"content":{"rendered":"
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\u00a9 Reuters <\/span>
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Investing.com — Adobe lifted its annual earnings outlook Thursday after reporting fiscal second-quarter results that beat Wall Street estimates.<\/p>\n

Adobe Systems Incorporated (NASDAQ:) shares gained 3% in after-hours trade following the report.<\/p>\n

The software maker adjusted EPS of $3.91 on revenue of $4.82 billion. Analysts polled by Investing.com anticipated EPS of $3.79 on revenue of $4.77B.<\/p>\n

Adobe’s digital media business, which generate the bulk of its growth, saw revenue rise 10%, to $3.51B. Creative revenue grew 9%, to $2.85B, while document cloud revenue was $659M, up 11% on the prior-year period.<\/p>\n

Looking ahead, the company now forecasts adjusted EPS\u00a0in a range of $15.65 to $15.75,\u00a0up from a prior forecast of\u00a0$15.30 to $15.60, on revenue in a\u00a0range of $19.25B to $19.35B.\u00a0<\/p>\n

Third-quarter adjusted EPS was guided in range of $3.95 to $4.00, while revenue was forecast in a range of $4.83B to $4.87B. That compared with analyst estimates for EPS of $3.89 on revenue of $4.86B.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters Investing.com — Adobe lifted its annual earnings outlook Thursday after reporting fiscal second-quarter results that beat Wall Street estimates. Adobe Systems Incorporated (NASDAQ:) shares gained 3% in after-hours trade following the report. The software maker adjusted EPS of $3.91 on revenue of $4.82 billion. Analysts polled by Investing.com anticipated EPS of $3.79 on […]<\/p>\n","protected":false},"author":1,"featured_media":23786,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[1],"tags":[83],"class_list":["post-23785","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-uncategorized","tag-featured","post_format-post-format-video"],"yoast_head":"\nAdobe lifts annual outlook on earnings after Q2 results top estimates | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters Investing.com -- Adobe lifted its annual earnings outlook Thursday after reporting fiscal second-quarter results that beat Wall Street\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=23785\" \/>\n<meta property=\"og:locale\" content=\"en_US\" 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