Adobe Inc. had a good fourth quarter of fiscal year 2024, but not good enough to meet Wall Street’s high expectations about its ability to monetize artificial intelligence (AI) investments.
On Wednesday afternoon, the San Jose, California-based technology company reported revenue of $5.61 billion for the quarter, up 11 percent from a year earlier. GAPP earnings per share came in at $3.79. GAAP stands for generally accepted accounting principles; a set of accounting standards and principles used in financial reporting in the United States.
