Design software program firm Adobe Inc. (NASDAQ: ADBE) is all set to report second-quarter 2024 earnings at this time after the closing bell. The corporate is at present busy integrating synthetic intelligence throughout its platform.
Take heed to Adobe’s Q2 2024 earnings name stay and browse the real-time transcript
Analysts’ consensus forecast for Q2 adjusted revenue is $4.09 per share, in comparison with $3.91 per share within the three months ended Could 2023. In the meantime, Adobe executives are on the lookout for Q2 earnings within the vary of $4.35 per share to $4.40 per share. Wall Avenue forecasts second-quarter revenues of $4.93 billion. That falls beneath the administration’s income steering of $5.25-$5.30 billion.
Within the first three months of fiscal 2024, the San Jose-based tech agency’s earnings and revenues exceeded the market’s forecast. The highest line moved up 11% from the prior-year interval to $5.18 billion in Q1. Consequently, adjusted earnings superior 18% to $4.48 per share. On a reported foundation, web earnings jumped 50% year-over-year to $620 million or $1.36 per share.
