Adobe Remains Firmly Positive In Afternoon Trading

(RTTNews) - After moving sharply higher at the start of trading, shares of Adobe Inc. (ADBE) continue to see considerable strength in afternoon trading on Tuesday. Adobe is currently up by 8.3 percent after tumbling by 4.4 percent on Monday.

The rebound by Adobe comes after the software company reaffirmed its fiscal fourth quarter earnings and revenue guidance. Adobe also forecast 20 percent year-over-year revenue growth in fiscal 2019.

"Our strategy of empowering people to create and transforming how businesses compete is leading to larger addressable market opportunities and the potential for accelerated revenue and earnings growth," said Adobe president and CEO Shantanu Narayen.