Adobe’s (ADBE) Revenue Growth Could Drive Stock Value Up
For the fourth quarter of the fiscal year, Adobe’s revenue rose 14 percent year-on-year, 1.7 percent exceeding analysts’ consensus and 2 percent exceeding management’s initial estimate. Adjusted diluted EPS, which was 6.5 percent greater than market-wide forecasts, rose by 22.7 percent. The company’s digital multimedia solutions’ key business segment, which accounts for 73 percent of […]