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Adobe Q2 2024 Earnings Call: Watch Live and Get Real-Time Transcript

by xyonent
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Design software company Adobe Inc. (NASDAQ: ADBE) is scheduled to report its second-quarter 2024 financial results after the close of trading today. The company is currently focused on integrating artificial intelligence across its platform.

Listen live to Adobe’s Q2 2024 earnings call and read the real-time transcript

Analysts’ consensus estimate for second-quarter adjusted earnings is $4.09 per share, below the $3.91 per share forecast for the three months ending May 2023. Meanwhile, Adobe executives are looking for second-quarter earnings in the range of $4.35 to $4.40 per share. Wall Street expects second-quarter revenue of $4.93 billion, below management’s revenue guidance of $5.25 billion to $5.3 billion.

For the first three months of fiscal 2024, the San Jose-based technology company’s earnings and revenue beat market expectations. First-quarter revenue rose 11% year over year to $5.18 billion. As a result, adjusted earnings rose 18% to $4.48 per share. On a reported basis, net income increased 50% year over year to $620 million, or $1.36 per share.

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