Adobe stock rallies 5% as results, outlook top Street views

Earnings Results Last Updated: March 15, 2023 at 5:15 p.m. ET First Published: March 15, 2023 at 4:27 p.m. ET Revenue rises year over year for 7th straight quarter to record $4.66 billion Adobe announced fiscal first-quarter earnings Wednesday. MarketWatch photo illustration/iStockphoto Adobe Inc. shares rallied in the extended session Wednesday after the software company

Financial Press

Published

March 15, 2023

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Earnings Results

Last Updated: March 15, 2023 at 5:15 p.m. ET First Published: March 15, 2023 at 4:27 p.m. ET

Revenue rises year over year for 7th straight quarter to record $4.66 billion

Adobe announced fiscal first-quarter earnings Wednesday.

MarketWatch photo illustration/iStockphoto

Adobe Inc. shares rallied in the extended session Wednesday after the software company topped Wall Street expectations for the quarter and hiked its outlook, while anticipating its acquisition of interactive-design platform Figma will close by the end of the year.

Adobe ADBE shares rose 5% after hours, following a less than 0.1% gain to close the regular session at $333.61.

Adobe reported…

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