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Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

by Editor March 16, 2023, 1:36 am 1.7k Views

Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

Shantanu Narayen, CEO of Adobe, attends a media event in Mumbai on May 3, 2017.

Abhijit Bhatlekar | Mint | Hindustan Times | Getty Images

Adobe shares rose 5% in extended trading on Wednesday after software maker announced fiscal first-quarter results that topped Wall Street estimates and lifted its full-year foercast.

Here’s how the company did:

Earnings: $3.80 per share, adjusted, vs. $3.68 per share as expected by analysts, according to…

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Posted by Editor

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