Adobe Sees FY23 Adj. EPS $15.65-$15.75 vs $15.50 Est., Total Revenue $19.25B-$19.35B vs $19.3B Est.
Portfolio Pulse from Benzinga Newsdesk
Adobe forecasts FY23 adjusted EPS of $15.65-$15.75, above the estimated $15.50, and total revenue of $19.25B-$19.35B, in line with the $19.3B estimate.
June 15, 2023 | 8:07 pm
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POSITIVE IMPACT
Adobe's FY23 adjusted EPS and total revenue forecasts exceed or meet estimates, indicating strong financial performance.
Adobe's higher-than-expected EPS forecast and in-line revenue projection for FY23 suggest a strong financial performance, which is likely to have a positive impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100