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Investago | Investago TV | Stock of the week | Adobe
Investago TV | Stock of the week | Adobe

Shares of Adobe rebounded after reporting strong fiscal Q2 results, despite being down about 12% year to date. Adobe's Q2 revenue grew by 10% to $5.31 billion, beating analyst expectations. Adjusted earnings per share (EPS) rose 20% to $4.48, exceeding estimates by $0.09. The company is successfully monetizing its new generative AI technologies across its digital media and digital experience segments. Digital media revenue increased by 11% to $3.91 billion, while the digital experience segment grew by 9% to $1.33 billion. Adobe forecasts Q3 revenue between $5.33 billion and $5.38 billion, with adjusted EPS of $4.50 to $4.55. For the full year, it expects revenue between $21.4 billion and $21.5 billion, and adjusted EPS of $18 to $18.20.

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Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 92.59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.