Trending: Adobe 3Q Earnings, Revenue Rise
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Dow Jones
9:55 ET -- Adobe is one of the most mentioned companies in the U.S. across all news items in the past 12 hours, according to Factiva data. Adobe posted higher profit and revenue in its third quarter, boosted by demand for its artificial-intelligence enabled products. The company had a quarterly profit of $1.68 billion, or $3.76 a share, compared with $1.4 billion, or $3.07 a share, a year earlier. Adjusted per-share earnings were $4.65, ahead of the $4.53 that analysts polled by FactSet had forecast. Revenue rose 11% to $5.41 billion, which topped the $5.37 billion expected by analysts, according to FactSet. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)
(END) Dow Jones Newswires
September 13, 2024 10:11 ET (14:11 GMT)
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