Saw it coming.-To The Moon - Tiger Brokers Online Investing Community - To The Moon

2
Comment
Favorite

StockMaskter
06-14

Saw it coming.

Adobe Raises Full-Year Revenue Forecast on Robust Software Demand

June 13 (Reuters) - Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs

Adobe Raises Full-Year Revenue Forecast on Robust Software Demand

# Earnings & Estimates

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

2

Report

Comment

Top
Latest

empty

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":316757961863248,"tweetId":"316757961863248","gmtCreate":1718352171594,"gmtModify":1718352175452,"author":{"id":3571912128804490,"idStr":"3571912128804490","authorId":3571912128804490,"authorIdStr":"3571912128804490","name":"StockMaskter","avatar":"https://static.tigerbbs.com/54423ee24d3d1b6ee5a616d52dcb245a","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[],"fanSize":48,"starInvestorFlag":false},"themes":[{"themeId":"c0d77e622a6742cf8335299f8317b4b4","categoryId":"2929bb7468f5415f853fd96fb35d7c3b","name":"Earnings & Estimates","type":2,"rnLink":"https://laohu8.com/RN?name=RNTheme&page=/theme/special/finance&rndata={\"themeId\":c0d77e622a6742cf8335299f8317b4b4}&rnconfig={\"headerBarHidden\": true}","description":"Earnings season is here. What's in focus?","image":"https://community-static.tradeup.com/news/dc18b55f50cc4b6c035031de21e3d6d2"}],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Saw it coming.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p>Saw it coming.&nbsp;</p></body></html>","text":"Saw it coming.","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/316757961863248","repostId":2443594166,"repostType":2,"repost":{"id":"2443594166","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1718352031,"share":"https://www.laohu8.com/m/news/2443594166?lang=&edition=full","pubTime":"2024-06-14 16:00","market":"us","language":"en","title":"Adobe Raises Full-Year Revenue Forecast on Robust Software Demand","url":"https://stock-news.laohu8.com/highlight/detail?id=2443594166","media":"Reuters","summary":"June 13 (Reuters) - Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs ","content":"<html><head></head><body><p>June 13 (Reuters) - Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy.</p><p>Shares of the San Jose, California-based company jumped about 14% in premarket trading on Friday.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3baf055b0fa1c470a9f9666794873fa8\" tg-width=\"461\" tg-height=\"387\"/></p><p>The company now expects revenue of between $21.40 billion and $21.50 billion, compared with its prior forecast of between $21.30 billion and $21.50 billion. Analysts on average expected $21.46 billion, according to LSEG data.</p><p>Adobe&#39;s outlook reflects that its AI efforts are paying off as clients hike spending on its software products such as Premiere Pro, Animate and After Effects, which are used by creative professionals in a variety of fields.</p><p>The company said in April it plans to incorporate an AI tool to generate images in its popular Photoshop software, amid heating competition from the likes of OpenAI, Stability AI and Midjourney.</p><p>Adobe also raised its forecast for full-year adjusted earnings per share to a range of $18 and $18.20 per share from $17.60 and $18 per share it expected earlier.</p><p>&#34;It appears that their (Adobe&#39;s) business is thriving in spite of the crowding out by AI that is dragging down those peers. We believe that leaves Adobe as the best-positioned large-cap software company,&#34; said Gil Luria, research analyst at D.A. Davidson.</p><p>The company reported revenue of $5.31 billion in the second quarter, beating estimates of $5.29 billion.</p><p>The company reported digital media revenue of $3.91 billion, above estimates of $3.89 billion.</p><p>Adobe has developed its own AI image generation tool called Firefly which it trains on data it has the rights to, at a time of heightened concern regarding data privacy and copyright around AI-created content.</p><p>On an adjusted basis, the company earned $4.48 per share in the quarter, compared with estimates of $4.39 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe Raises Full-Year Revenue Forecast on Robust Software Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Raises Full-Year Revenue Forecast on Robust Software Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-06-14 16:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>June 13 (Reuters) - Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy.</p><p>Shares of the San Jose, California-based company jumped about 14% in premarket trading on Friday.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/3baf055b0fa1c470a9f9666794873fa8\" tg-width=\"461\" tg-height=\"387\"/></p><p>The company now expects revenue of between $21.40 billion and $21.50 billion, compared with its prior forecast of between $21.30 billion and $21.50 billion. Analysts on average expected $21.46 billion, according to LSEG data.</p><p>Adobe&#39;s outlook reflects that its AI efforts are paying off as clients hike spending on its software products such as Premiere Pro, Animate and After Effects, which are used by creative professionals in a variety of fields.</p><p>The company said in April it plans to incorporate an AI tool to generate images in its popular Photoshop software, amid heating competition from the likes of OpenAI, Stability AI and Midjourney.</p><p>Adobe also raised its forecast for full-year adjusted earnings per share to a range of $18 and $18.20 per share from $17.60 and $18 per share it expected earlier.</p><p>&#34;It appears that their (Adobe&#39;s) business is thriving in spite of the crowding out by AI that is dragging down those peers. We believe that leaves Adobe as the best-positioned large-cap software company,&#34; said Gil Luria, research analyst at D.A. Davidson.</p><p>The company reported revenue of $5.31 billion in the second quarter, beating estimates of $5.29 billion.</p><p>The company reported digital media revenue of $3.91 billion, above estimates of $3.89 billion.</p><p>Adobe has developed its own AI image generation tool called Firefly which it trains on data it has the rights to, at a time of heightened concern regarding data privacy and copyright around AI-created content.</p><p>On an adjusted basis, the company earned $4.48 per share in the quarter, compared with estimates of $4.39 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"source_url":"https://www.channelnewsasia.com/business/adobe-raises-full-year-revenue-forecast-robust-software-demand-4409251","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2443594166","content_text":"June 13 (Reuters) - Photoshop maker Adobe raised its revenue forecast for fiscal 2024 on Thursday as more businesses and consumers take to its artificial intelligence-powered editing tools amid signs of an easing economy.Shares of the San Jose, California-based company jumped about 14% in premarket trading on Friday.The company now expects revenue of between $21.40 billion and $21.50 billion, compared with its prior forecast of between $21.30 billion and $21.50 billion. Analysts on average expected $21.46 billion, according to LSEG data.Adobe's outlook reflects that its AI efforts are paying off as clients hike spending on its software products such as Premiere Pro, Animate and After Effects, which are used by creative professionals in a variety of fields.The company said in April it plans to incorporate an AI tool to generate images in its popular Photoshop software, amid heating competition from the likes of OpenAI, Stability AI and Midjourney.Adobe also raised its forecast for full-year adjusted earnings per share to a range of $18 and $18.20 per share from $17.60 and $18 per share it expected earlier.\"It appears that their (Adobe's) business is thriving in spite of the crowding out by AI that is dragging down those peers. We believe that leaves Adobe as the best-positioned large-cap software company,\" said Gil Luria, research analyst at D.A. Davidson.The company reported revenue of $5.31 billion in the second quarter, beating estimates of $5.29 billion.The company reported digital media revenue of $3.91 billion, above estimates of $3.89 billion.Adobe has developed its own AI image generation tool called Firefly which it trains on data it has the rights to, at a time of heightened concern regarding data privacy and copyright around AI-created content.On an adjusted basis, the company earned $4.48 per share in the quarter, compared with estimates of $4.39 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":466,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":12,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}