Adobe reports strong quarterly earnings, beating estimates with $5.08 EPS and $5.71B revenue.

Adobe Inc. saw a strong quarter with earnings per share of $5.08, surpassing estimates by $0.11, and revenue of $5.71 billion, also beating forecasts. Financial Counselors Inc. increased its shares, while other firms like Meiji Yasuda Asset Management and TD Asset Management reduced their holdings. Insiders also traded shares, with mixed results. Analysts predict Adobe will post $16.65 EPS for the year, with a consensus rating of "Moderate Buy" and a target price of $538.80.