Adobe Shares Jump as Customer Demand Fuels Upbeat Sales Forecast
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Adobe Inc. shares jumped after the software maker gave a bullish sales forecast for next year, reassuring investors that its widening suite of creative and business products will continue to attract customers.
Shares climbed 8.2 percent to $257.84 at 12:46 p.m. in New York on Tuesday. The stock has gained 46 percent this year, compared with a 4.3 percent rise in the Standard & Poor’s 500 Index.