Adobe adds 15% pre-market on upbeat second quarter results, outlook
Shares of US software company Adobe were rising more than 15% in pre-market on Friday to $529.25, after reporting upbeat second-quarter results above the Street expectations, fueled by AI sales growth. The company also raised its full-year profit outlook better than the consensus estimates. "Adobe achieved record revenue of $5.31 billion driven by strong growth across Creative Cloud, Document Cloud and Experience Cloud," said Shantanu Narayen, chair and CEO, Adobe. Net income for the second quarter increased to $1.573 billion or $3.49 per share from $1.295 billion or $2.82 per share in the sam...