Adobe beats Wall Street earnings forecasts Unlisted Video
4 years ago
362
According to Business Insider, shares of Adobe rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share.
The creator of Photoshop generated $2.74 billion in sales for the second quarter thanks to strong growth in its Digital Media business. That beat analyst expectations.
Guggenheim securities upped its price target for the company to $300 from $275.
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