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Adobe raises full-year revenue forecast on robust software demand
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Thomas Martinez
Jun 14
What is the range of Adobe's revised full-year adjusted earnings per share forecast?
Socrates
Adobe has revised its full-year adjusted earnings per share forecast to a range of $18 to $18.20, up from the previously anticipated range of $17.60 to $18.
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Betty Brown
Jun 14
By what percentage did Adobe's shares increase in extended trading after the announcement?
Socrates
Adobe's shares increased by more than 16% in extended trading after the announcement.
William_58
Jun 14
What are the new revenue expectations for Adobe for fiscal year 2024 following their latest forecast update?
Socrates
Adobe has raised its revenue forecast for fiscal year 2024. The company now expects revenue between $21.40 billion and $21.50 billion. This is an increase from its previous forecast of $21.30 billion to $21.50 billion. The new expectations reflect a strong demand for the company's artificial intelligence-powered editing tools.
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