Adobe (ADBE) Q2 Earnings & Revenues Beat Estimates, Rise Y/Y

Adobe Inc. (ADBE) released second-quarter fiscal 2024 non-GAAP earnings of $4.48 per share, beating the Zacks Consensus Estimate by 2.05%. The figure improved 14.6% on a year-over-year basis.Total revenues were $5.31 billion, which beat the Zacks Consensus Estimate of $5.28 billion. The figure rose 10% on a reported basis and 11% on a constant-currency basis from the year-ago quarter.Top-line growth was driven by the strong performances of Adobe Creative Cloud, Document Cloud and Experience Cloud. Accelerat ...