Why Adobe Stock Skyrocketed Today
Adobe(ADBE) The Motley Fool·2024-06-14 15:39Disillusioned growth investors are starting to get excited.Shares of software company Adobe (ADBE 14.40%) skyrocketed on Friday after the company reported financial results for its fiscal second quarter of 2024. As of 10:30 a.m. ET, Adobe stock was up 14% -- that's a big deal for a company that's valued at well over $200 billion.Beating expectations and calming nervesAdobe generated Q2 revenue of $5.31 billion, which was up 10% year over year. This beat the high end of management's guidance by a hair. And o ...