Adobe (ADBE) posted better-than-expected results and profit guidance as the company joined the growing list of tech firms that are benefiting from soaring demand for 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) products.

The maker of Acrobat, Photoshop, and other software reported record third-quarter revenue of $4.89 billion, a gain of 10.4% year-over-year. 澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) came in at $4.09. Both exceeded forecasts.

CEO Shantanu Narayen said Adobe is “unleashing a new era of AI-enhanced creativity around the world with 🅘innova﷽tions across our product portfolio.”

Adobe anticipates current quarter EPS of $4.10 to $4.15, higher than estimates. Its rev▨enue outlook came in at $4.975 billion to $5.025 billion, compared to estimates of $5.0 billion.

However, some analysts reportedly raised concerns about Adobe's high share price, with D.A. Davison analyst Gil Luria arguing the firm's short-term upside was largely already reflected in its share price. He maintained a “hold” rating on the stock.

Shares of Adobe were 4% lower as of 12:30 p.m. ET, and lost ground this week after hitting a 21-month high on Monday. They were up over 57% year-to-date.