Design software program firm Adobe (NASDAQ:ADBE) is scheduled to report its first quarter 2024 earnings after the closing bell as we speak. The corporate has efficiently monetized its synthetic intelligence efforts after integrating the know-how throughout its platform.
Listen live to Adobe's Q1 2024 earnings call and read the real-time transcript
Wall Avenue expects first-quarter adjusted earnings of $4.38 per share, which might symbolize a 15% enhance from the identical interval a 12 months earlier. February quarter income is estimated at $5.14 billion, up about 10% yearly. In the meantime, Adobe executives count on first-quarter earnings to be within the vary of $4.35 to $4.40 per share and income within the vary of $5.1 billion to $5.15 billion.
Fourth-quarter 2023 income elevated 12% to a report $5.05 billion, beating expectations.of digital media and digital expertise Every section, representing roughly 98% of complete income, grew by double digits. Consequently, adjusted earnings elevated 19% for the 12 months to $4.27 per share.
