Trending: Adobe 1Q Earnings Beats Estimates
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Dow Jones
9:42 ET -- Adobe is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Adobe logged better-than-expected 1Q revenue, reflecting sustained demand for products and services boosted by generative artificial intelligence. The software maker posted income of $620 million, or $1.36 a share, for the quarter, down from $1.25 billion, or $2.71 a share, a year earlier. Adjusted earnings were $4.48 a share, above analysts' estimates of $4.38 a share. Revenue climbed to $5.18 billion from $4.66 billion. Analysts polled by FactSet had expected $5.14 billion. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
March 15, 2024 09:57 ET (13:57 GMT)
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