Adobe Q3 EPS $4.09 Beats $3.98 Estimate, Sales $4.89B Beat $4.87B Estimate
Portfolio Pulse from Benzinga Newsdesk
Adobe (NASDAQ:ADBE) reported Q3 earnings of $4.09 per share, beating the analyst consensus estimate of $3.98 by 2.76 percent. This is a 20.29 percent increase from the same period last year. The company also reported quarterly sales of $4.89 billion, beating the analyst consensus estimate of $4.87 billion by 0.41 percent, a 10.31 percent increase from the same period last year.
September 14, 2023 | 8:05 pm
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Adobe's Q3 earnings and sales beat analyst estimates, indicating strong performance. This could potentially lead to a positive impact on its stock price.
Adobe's earnings and sales have exceeded analyst estimates, which is typically a positive signal for investors and can lead to an increase in stock price. The YoY growth in earnings and sales also indicates strong performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100