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in Tech

Adobe shares surge 15%, head for sharpest rally since 2020

by Editor June 14, 2024, 7:37 pm 1.9k Views

Adobe shares surge 15%, head for sharpest rally since 2020

Adobe CEO Shantanu Narayen speaks during an interview with CNBC on the floor at the New York Stock Exchange on Feb. 20, 2024.

Brendan Mcdermid | Reuters

Adobe shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts’ estimates.

After the bell on Thursday, Adobe

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earnings per share of $4.48, topping the LSEG consensus estimate of $4.39 per share. Revenue…

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Posted by Editor

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Rory McIlroy, of Northern Ireland, waves after making a putt on the 12th hole during the second round of the U.S. Open golf tournament Friday, June 14, 2024, in Pinehurst, N.C. (AP Photo/George Walker IV)

US Open 2024: Rory McIlroy in ‘great position’ to challenge for fifth major despite ‘frustrating’ second round

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