Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is It Too Late to Buy Adobe Stock?

TheMotleyFool

0 0

Adobe (NASDAQ: ADBE) posted an impressive earnings report on June 15. For the second quarter of fiscal 2023, which ended on June 2, the cloud software provider's revenue rose 10% year over year (13% in constant currency terms) to $4.82 billion and exceeded analysts' estimates by $50 million. Its adjusted EPS grew 17% to $3.91 and also cleared the consensus forecast by $0.17.

For the full year, Adobe expects its revenue to rise 9.3%-9.9% as its adjusted EPS grows 14.2%-14.9%. Both of those estimates were raised from its prior outlook for 8.5%-9.6% revenue growth and 11.6%-13.8% adjusted EPS growth.

Image source: Getty Images.

Source Fool.com