📈Adobe Earnings Tonight

$ADBE reports earnings after market close today.

Adobe Overview

The company offers a variety of services, including creative software tools as well as marketing services.

They benefit from AI through the Adobe Sensei product, which applies AI to data analytics to help inform decision-making for organizations.

Adobe Firefly is a new service that utilizes generative AI to create specific images based on prompts from users.

The Stock

Adobe stock has risen about 85% since the beginning of 2023 and is approaching all-time highs. The stock has benefitted from the surge in valuation of companies that are leaning into AI along with strong earnings growth.

The Earnings

Adobe has posted strong earnings in recent reports and the stock has lifted immediately after earnings three of the last four times it has reported.

Here are the numbers to watch:

• Earnings per Share: $4.13 (consensus)

• Revenue: $5.01B (consensus)

For more information on Adobe earnings and the current state of the stock market, watch the video below: