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Adobe hits an all-time high after strong earnings

March 20, 2017

Via: CNBC

Shares of Adobe Systems reached an all-time intraday high on Friday, after reporting earnings Thursday that beat Wall Street expectations.

That’s a particularly notable milestone because Adobe is one of the older tech stocks on the public markets — it went public more than 30 years ago, in August 1986.

Shares climbed more than 5 percent Friday afternoon, peaking at $130.30 and finishing the day up more than 3 percent.

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