Why Are Shares of Adobe Stock Soaring After Earnings?

By Neil Rozenbaum – Jun 14, 2024 at 5:00AM

NASDAQ: ADBE

Adobe

Market Cap

$237B

Today's Change

(0.34%) $1.78

Current Price

$528.66

Price as of June 26, 2024, 4:00 p.m. ET

Adobe proved the doubters wrong.

In this video, I will go over Adobe's (ADBE 0.34%) second-quarter earnings report and explain why the stock is up 15%.

*Stock prices used were from the trading day of June 13, 2024. The video was published on June 13, 2024.

Neil Rozenbaum has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Adobe. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.