Adobe Q2 Adj $3.91 Beats $3.79 Estimate, Sales $4.82B Beat $4.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Adobe reported Q2 earnings of $3.91 per share, beating the analyst consensus estimate of $3.79 by 3.17%. Quarterly sales were $4.82 billion, surpassing the estimate of $4.43 billion by 8.71%. Both earnings and sales increased compared to the same period last year.
June 15, 2023 | 8:05 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Adobe's Q2 earnings and sales exceeded analyst estimates, with a 3.17% higher EPS and 8.71% higher sales. Both metrics showed growth compared to last year.
Adobe's Q2 earnings and sales both beat analyst estimates, which is a positive signal for the company's performance. The year-over-year growth in earnings and sales indicates that the company is growing and performing well. This is likely to have a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100