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Adobe lifts profit forecast for fiscal 2023 and beats estimates on quarterly results

CNBC
Summary
Nutrition label

85% Informative

Adobe increased its projections for income and net new recurring revenue from its Digital Media business for the full year.

The company has been dealing with antitrust scrutiny because of its attempted Figma acquisition.

Adobe shares rose 5% in extended trading on Wednesday after the company announced fiscal first-quarter results.

VR Score

92

Informative language

95

Neutral language

65

Article tone

formal

Language

English

Language complexity

36

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

Source diversity

1

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