Adobe (ADBE) Potential Upside Move If Sales Figure Beats Due to AI Productivity Rush
@nerdbull1669:
$Adobe(ADBE)$ is set to report first-quarter fiscal 2024 results on 14 March 2024 after market close. For the fiscal first quarter, Adobe expects non-GAAP earnings of $4.38 per share. Adobe projects total revenues between $4.35 billion and $4.40 billion. The consensus mark for the same is pegged at $4.38 billion, implying growth of 15.3% from the year-ago reported figure. During the fourth quarter of 2023, AI and machine learning was the top CIO information technology priority. Efficiency and productivity gains will be first seen in the software and internet space before the broader market and the economy. The service-oriented markets could see more significant opportunity for gains related to AI-driven efficiency, including software services, con