Adobe Stock Surges On Upbeat Financial Targets, Growth Strategy [Investor's Business Daily]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: Investors Business Daily
Related news Digital media software maker Adobe Systems ( ADBE ) on Tuesday received positive reviews for announcements at the company's Adobe Max creativity conference in Los Angeles. Adobe stock received price-target hikes from at least two Wall Street analysts. Adobe stock jumped 7.8%, near 256.70, in morning trading on the stock market today . It found support above its 200-day moving average during the recent stock market sell-off. Now it looks to retake its 50-day moving average. Late Monday, Adobe reaffirmed its fiscal fourth-quarter guidance . It expects to earn an adjusted $1.87 a share on sales of $2.42 billion. Wall Street predicts $1.89 in adjusted earnings per share and $2.43 billion in revenue. Adobe is scheduled to report fiscal fourth-quarter results on Dec. 13. Adobe also provided preliminary growth targets for its fiscal 2019, which starts Dec. 1. It forecast 20% year-over-year growth in total revenue, vs. the consensus estimate for 19%. Adobe sees subscription booki
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ADBE
News
- Adobe Inc. (ADBE) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- Digital Asset Management Market To Reach USD 20.3 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- New Adobe Photoshop with Advanced Generative Fill and Generate Image Brings New Superpowers to AllBusiness Wire
- Adobe Introduces Firefly Image 3 Foundation Model to Take Creative Exploration and Ideation to New HeightsBusiness Wire
- Adobe Charts the Future of Creativity and AI at MAX LondonBusiness Wire
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- ADBE's page on the SEC website