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Adobe Beats Wall Street Earnings Forecasts

Adobe Beats Wall Street Earnings Forecasts
According to Business Insider, shares of Adobe rose more than 4% on Wednesday morning during pre-market trading after reporting better-than-expected revenue and earnings per share.The creator of Photoshop generated $2.74 billion in sales for the second quarter thanks to strong growth in its Digital Media business. That beat analyst expectations.Guggenheim securities upped its price target for the company to $300 from $275.