BRAZIL - 2022/05/20: In this photo illustration, the Adobe Inc. logo seen displayed on a smartphone ... [+] screen. (Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Adobe is scheduled to report earnings after Thursday’s close. The stock hit a record high of $699.54 in 2021 and is currently trading near $458. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbe ...

Loading...Loading...Adobe Inc. ADBE is set to release second-quarter financial results, after the closing bell on Thursday.Analysts expect the San Jose, California-based company to report quarterly earnings at $4.39 per share, up from $3.91 per share in the year-ago period. Adobe is expected to post revenue of $5.29 billion, according to data from Benzinga Pro.On March 14, Adobe reported better-than-expected results for its first quarter but issued weak revenue guidance for the current quarter.Adobe shares ...

Loading...Loading...With U.S. stock futures trading mixed this morning on Thursday, some of the stocks that may grab investor focus today are as follows:Wall Street expects Signet Jewelers Limited SIG to report quarterly earnings at $0.85 per share on revenue of $1.51 billion before the opening bell, according to data from Benzinga Pro. Signet Jewelers shares rose 1.1% to $109.57 in after-hours trading.Broadcom Inc. AVGO posted stronger-than-expected results for its second quarter. The company declared a qu ...

Adobe’s (ADBE) second-quarter fiscal 2024 results, scheduled to be released on Jun 13, are likely to reflect its Digital Media segment’s strength.Digital Media has been the key driver behind the company’s growth on the back of its Creative family of products and Document Services products.With its robust Digital Media solutions, ADBE helps content creators, app and game developers, and creative professionals, such as graphic designers, photographers and video editors, to generate, publish and promote their ...

Loading...Loading...Shares of Adobe Inc ADBE were climbing in early trading on Wednesday, ahead of the release of the company's fiscal second-quarter results on Thursday.Expectations for the company's upcoming quarterly results are "depressed," according to JPMorgan.The Adobe Analyst: Mark Murphy maintained a Neutral rating and price target of $570 on the stock.The Adobe Thesis: Investors remain cautious in view of Adobe's fiscal first-quarter performance as well as several application software companies re ...

SAN FRANCISCO, CALIFORNIA - DECEMBER 13: A sign is displayed on the exterior of an Adobe office on ... [+] December 13, 2023 in San Francisco, California. Computer software company Adobe will report fourth quarter earnings today after the closing bell. (Photo by Justin Sullivan/Getty Images)Getty ImagesAdobe (NASDAQ: ADBE) stock has lost 23% YTD as compared to the 12% rise in the S&P 500 index. In sharp contrast, Adobe’s peer Oracle (NYSE: ORCL) is up 20% over the same period. Further, ADBE is scheduled to ...

Analyst Estimates for Q2 FY 2024Q1 FY 2024Q2 FY 2023Revenue$5.29 billion$5.18 billion$4.82 billionDiluted Earnings Per Share$3.34$1.36$2.82Net Income$1.51 billion$620 million$1.3 billion Key Metrics: Digital Media Growth Adobe's Digital Media segment posted $3.82 billion in revenue in the first quarter of fiscal 2024, representing 12% year-over-year growth. Analysts project Digital Media to record $3.89 billion in revenue, which would represent 10.8% growth from the year-ago period. Citi analysts said th ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Adobe (ADBE) is scheduled to report its second-quarter fiscal 2024 results on Jun 13.For the second quarter of fiscal 2024, Adobe projects total revenues between $5.25 billion and $5.30 billion. The Zacks Consensus Estimate for revenues is pegged at $5.28 billion, suggesting growth of 9.7% from the year-ago quarter’s reported figure.The company expects non-GAAP earnings between $4.35 and $4.40 per share. The consensus mark for earnings is pegged at $4.39 per share, indicating a 12.3% rise from the year-ago ...

Tech stocks have been on a remarkable rally lately, largely fueled by investors capitalizing on the artificial intelligence (AI) hype. To a rather large extent, this trend is being fueled by Nvidia (NASDAQ:NVDA). Its explosive results in recent quarters have set the stage for a broader tech boom. As artificial intelligence (AI) continues to reshape our world, the appeal of tech stocks grows stronger.However, identifying stocks that still have room to rally in this landscape can be a tough challenge. The fol ...