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Design software program firm Adobe Inc. (NASDAQ: ADBE) will report first-quarter 2024 earnings right this moment after the closing bell. The corporate is efficiently monetizing its synthetic intelligence initiatives after integrating the expertise throughout the platform.
Listen to Adobe’s Q1 2024 earnings call live and read the real-time transcript
Wall Road is searching for adjusted earnings of $4.38 per share for Q1, representing a 15% enhance from the revenue generated within the prior-year quarter. It’s estimated that February-quarter revenues grew about 10% yearly to $5.14 billion. In the meantime, Adobe executives predict earnings of $4.35-4.40 per share and revenues within the vary of $5.10 billion to $5.15 billion for Q1.
Within the fourth quarter of 2023, revenues rose 12% to a report excessive of $5.05 billion and got here in above estimates. The Digital Media and Digital Expertise segments, which collectively account for about 98% of whole revenues, expanded in double digits. Because of this, adjusted revenue climbed 19% yearly to $4.27 per share.
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