Adobe Posts Better-Than-Expected Earnings and Lifts Its Outlook
1. Adobe reported Q2 earnings exceeding analysts’ expectations. 2. Record revenue of $5.87 billion, 11% YoY growth. 3. Digital Media revenue also rose by 11% to $4.35 billion. 4. Adobe raised its full-year revenue and EPS outlook. 5. Shares fell 1% in after-hours trading despite positive results.