Categories AlphaGraphs, Earnings, Technology

ADBE Earnings: Adobe reports higher Q2 earnings; results beat estimates

Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in second-quarter 2024 revenue and earnings. The results also topped expectations.

Adobe Q2 2024 earnings infographic

Second-quarter revenues came in at $5.31 billion, which is up 10% from the year-ago quarter. The top line benefited from strong growth in the core Digital Media business.

Adjusted net profit, excluding one-off items, rose to $4.48 per share in Q2 from $3.91 per share last year. Unadjusted net income was $1.57 million or $3.49 per share in the May quarter, compared to $1.30 billion or $2.82 per share in the second quarter of 2023.

“Our highly differentiated approach to AI and innovative product delivery are attracting an expanding universe of customers and providing more value to existing users,” said Adobe’s CEO Shantanu Narayen.

Prior Performance

  • Adobe Q2 2024 earnings infographic

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

Key metrics from Southwest Airlines’ (LUV) Q2 2024 earnings results

Southwest Airlines Co. (NYSE: LUV) reported its second quarter 2024 earnings results today. Total operating revenues increased 4.5% year-over-year to $7.4 billion. Net income decreased 46.3% to $367 million, or

AbbVie Q2 2024 adj. profit drops despite higher revenues; results beat

Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Thursday announced second-quarter 2024 financial results, reporting a decline in adjusted earnings and an increase in revenues. The numbers exceeded estimates. The company

Hasbro (HAS) Q2 2024 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported its second quarter 2024 earnings results today. Net revenues decreased 18% year-over-year to $995.3 million. Net earnings attributable to Hasbro Inc. were $138.5 million, or

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top