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Adobe climbs after beating Wall Street earnings forecasts thanks to strong growth in its cloud business

1 month ago   |   By Business Insider

Adobe shares rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share.
The creator of Photoshop generated $2.74 billion in sales for the second quarter thanks to strong growth in its Digital Media business. That beat analyst expectations.
Guggenheim securities upped its price target for the company to $300 from $275.
Watch Adobe trade live .
Adobe , the company behind Photoshop, topped Wall Street estimates during the second quarter of 2019, sending shares up more than 4% before the opening bell on Wednesday.
After...
Read more ...

 

Adobe climbs after beating Wall Street earnings forecasts thanks to strong growth in its cloud business

Adobe climbs after beating Wall Street earnings forecasts thanks to strong growth in its cloud business

1 month ago   |   By Business Insider

Adobe shares rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share.
The creator of Photoshop generated $2.74 billion in sales for the second quarter thanks to strong growth in its Digital Media business. That beat analyst expectations.
Guggenheim securities upped its price target for the company to $300 from $275.
Watch Adobe trade live .
Adobe , the company behind Photoshop, topped Wall Street estimates during the second quarter of 2019, sending shares up more than 4% before the opening bell on Wednesday.
After...
Read more ...

 


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