UPDATE: Adobe Q2 Adj $3.91 Beats $3.79 Estimate, Sales $4.82B Beat $4.77B Estimate
Portfolio Pulse from Benzinga Newsdesk
Adobe reported Q2 adjusted earnings of $3.91 per share, beating the $3.79 estimate, and sales of $4.82 billion, surpassing the $4.77 billion estimate.
June 15, 2023 | 8:51 pm
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POSITIVE IMPACT
Adobe's Q2 earnings exceeded expectations with adjusted EPS of $3.91 and sales of $4.82 billion.
Adobe's Q2 earnings beat both EPS and sales estimates, which is a positive signal for investors. This outperformance is likely to have a positive short-term impact on the stock price as it indicates strong financial performance and growth.
CONFIDENCE 95
IMPORTANCE 100
RELEVANCE 100