Adobe's stock price surges 15% on stronger-than-anticipated outcomes.

• Adobe surpassed expectations on earnings and revenue.
• Management boosted full-year guidance.
• The stock jumped in extended trading.

On Thursday, extended trading saw a 15% increase in shares of the design software maker after its earnings and revenue exceeded expectations.

Here's how the company did in comparison with LSEG consensus:

• Earnings per share: $4.48 adjusted, vs. $4.39 expected
• Revenue: $5.31 billion vs. $5.29 billion expected

In the quarter that ended on May 31, Adobe's revenue increased by 10% compared to the previous year, as stated.

The company forecasted adjusted earnings per share of $4.50 to $4.55 and revenue of $5.33 billion to $5.38 billion for the fiscal third quarter, while analysts predicted $4.48 in adjusted earnings per share and $5.4 billion in revenue.

Adobe has updated its full-year view, predicting adjusted earnings per share between $18.00 and $18.20 and revenue of $21.40 billion to $21.50 billion. Analysts surveyed by LSEG had previously projected $18.02 per share in adjusted earnings and $21.46 billion in revenue. In March, the forecast was $17.60 to $18.00 in adjusted earnings per share, with $21.30 billion to $21.50 billion in revenue.

In recent weeks, software peers SentinelOne, UiPath, and Veeva have lowered their full-year revenue forecasts due to economic downturn and increased focus on AI development.

Despite the S&P 500 index's rise of approximately 14% this year, Adobe's shares had fallen 23% prior to the release of the statement.

Analysts will receive a conference call from executives to discuss the results starting at 5 p.m. ET.

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