14 06, 2024

Adobe Gains 15% as AI Drives Revenue and Profits Higher: Why it May Not Be Time to Buy ADBE Yet

By |2024-06-14T15:49:27+00:00June 14th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , , , , |

Shares of Adobe (ADBE) got a 15% boost yesterday after the company reported Q2 earnings that surpassed expectations on both the top and bottom lines, fueled by AI growth. The stock is up another 15% in pre-market trading Friday morning. Revenue of $5.31 billion was narrowly above the Wall Street estimate of $5.29 billion. [...]

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15 03, 2024

Adobe Dips 14% After Beating Earnings, But Disappointing on Guidance: Why it’s Time to Sell

By |2024-03-15T16:41:45+00:00March 15th, 2024|Categories: Feature: Stock Market Investing, Featured: News, Stock Market News|Tags: , , , , , , , |

Shares of Adobe (ADBE) are down more than 14% Friday morning after the company delivered its first-quarter earnings for fiscal 2024. The company delivered on earnings, but its outlook for the quarters to come left much to be desired and spurred negative investor sentiment. Adobe’s results included an 11% growth in revenue to $5.18 [...]

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