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Adobe's fourth-quarter revenue rose 11% to $5.61 billion from a year ago, beating market expectations of $5.54 billion. (Reporting by Kritika Lamba and Zaheer Kachwala in Bengaluru; Editing by ...
If premarket gains hold, Adobe will add about $30 billion to its market value. Its shares are down about 23% so far this year, compared with a gain of nearly 14% for the S&P 500 index.
At Adobe's share price of $493.10, the company is on track to lose nearly $25 billion in market value if losses hold. The stock has fallen about 8% so far this year, compared with the S&P 500 ...
Adobe's stock trades at 30.41 times its forward profit estimates, compared with 32.87 for Microsoft and 30.42 for Salesforce. (Reporting by Akash Sriram in Bengaluru; Editing by Maju Samuel and ...
Adobe also raised its forecast for full-year adjusted earnings per share to a range of $18 and $18.20 per share from $17.60 and $18 per share it expected earlier.
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In May 2003, Adobe acquired Syntrillium Software and its digital audio editor software Cool Edit Pro, and merged it into its product line, re-releasing it as Adobe Audition. [ 8 ] In the 1990s, Adobe purchased a minority stake in four companies, and it purchased a stake in one company in the 2000s.
(Reuters) -Shares of Adobe fell nearly 10% on Friday, after the Photoshop maker's disappointing quarterly earnings forecast sparked fears that returns from its push towards artificial intelligence ...