{"id":88540,"date":"2024-06-17T01:28:22","date_gmt":"2024-06-17T05:28:22","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88540"},"modified":"2024-06-17T01:28:22","modified_gmt":"2024-06-17T05:28:22","slug":"adobe-shares-surge-15-for-sharpest-rally-since-2020","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/adobe-shares-surge-15-for-sharpest-rally-since-2020.html","title":{"rendered":"Adobe shares surge 15% for sharpest rally since 2020"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/ADBE\/\">Adobe<\/a>\u00a0shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts\u2019 estimates. After the bell on Thursday, Adobe\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.businesswire.com\/news\/home\/20240613805724\/en\/\" target=\"_blank\">reported<\/a>\u00a0<a href=\"https:\/\/www.cnbc.com\/2024\/06\/13\/adobe-adbe-q2-earnings-report-2024.html\">adjusted earnings per share<\/a>\u00a0of $4.48, topping the LSEG consensus estimate of $4.39 per share. Revenue increased 10% from a year earlier to $5.31 billion, exceeding analysts\u2019 estimates of $5.29 billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/14\/adobe-shares-surge-and-head-for-sharpest-rally-since-2020-.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Adobe\u00a0shares surged 15% on Friday, the biggest gain since March 2020, after the software maker reported earnings and revenue that beat analysts\u2019 estimates. After the bell on Thursday, Adobe\u00a0reported\u00a0adjusted earnings per share\u00a0of $4.48, topping the LSEG consensus estimate of [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88540","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88540"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88540\/revisions"}],"predecessor-version":[{"id":88541,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88540\/revisions\/88541"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}