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Shares of Adobe (NASDAQ:ADBE) rose 5% in after-market trading after the company reported Q2 results.
Quarterly Results
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Earnings per share were up 33.88% year over year to $2.45, which beat the estimate of $2.33.
Revenue of $3,128,000,000 higher by 13.99% from the same period last year, which missed the estimate of $3,160,000,000.
Looking Ahead
Q3 EPS expected between $2.40 and $2.40.
Q3 revenue expected between $3,150,000,000 and $3,150,000,000.
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Date: Jun 11, 2020
Time: 05:00 PM
ET Webcast URL: https://www.adobe.com/investor-relations/calendar.html
Technicals
52-week high: $409.98
52-week low: $255.13
Price action over last quarter: Up 15.55%
Company Description
Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing and engaging with compelling content multiple operating systems, devices and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.