Adobe Shares Surge as Revenue Climbs. Is It Too Late to Buy the Stock?
Adobe(ADBE) The Motley Fool·2024-06-24 20:00
AI helped power results in the quarter.Shares of Adobe (ADBE 2.01%) rebounded after the maker of creative software programs such as Photoshop reported solid revenue growth for its fiscal second quarter. Despite the solid post-earnings gains, the stock is still down about 12% year to date.Let's take a closer look at the company's most recent quarterly results and guidance and whether it is too late to buy the stock.Solid revenue growthAdobe solidly grew its fiscal Q2 revenue by 10% to $5.31 billion topping t ...