Trending: Adobe 2Q Earnings Top Expectations
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Dow Jones
10:11 ET -- Adobe is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Adobe posted a bigger-than-expected jump in quarterly profit and sales and raised its annual guidance. The software provider reported a profit of $1.57 billion, or $3.49 a share, in the quarter ended May 31. Analysts polled by FactSet had expected a per-share profit of $3.40. Revenue rose 10% to $5.31 billion, beating the $5.29 billion expected by analysts. Adobe raised its revenue forecast to $21.4 billion to $21.5 billion for the year. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
June 14, 2024 10:28 ET (14:28 GMT)
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