Adobe Sees Q4 Adj. EPS $4.10-$4.15 vs $4.06 Est., Total Revenue $4.975B-$5.025B vs $5B Est.
Portfolio Pulse from Benzinga Newsdesk
Adobe has projected its Q4 adjusted EPS to be between $4.10 and $4.15, higher than the estimated $4.06. The company also expects total revenue to be between $4.975B and $5.025B, slightly below the estimated $5B.
September 14, 2023 | 8:06 pm
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Adobe's Q4 adjusted EPS is expected to beat estimates, while total revenue is projected to be slightly below estimates.
Adobe's higher than expected EPS indicates strong profitability, which could positively impact the stock. However, the lower revenue projection could offset this positive impact, leading to a neutral short-term impact on the stock.
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