Adobe Q4 EPS $4.27 Beats $4.14 Estimate, Sales $5.05B Beat $5.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Adobe Inc. (NASDAQ:ADBE) reported Q4 earnings of $4.27 per share, surpassing the consensus estimate of $4.14, and representing an 18.61% increase from the previous year. Quarterly sales reached $5.05B, slightly above the $5.03B estimate, marking an 11.60% increase from the same period last year.
December 13, 2023 | 9:05 pm
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Adobe's Q4 earnings and sales exceeded analyst estimates, showing significant year-over-year growth in both earnings per share and revenue.
Adobe's positive earnings report, with both earnings per share and revenue exceeding estimates, is likely to instill confidence in investors and could lead to a short-term increase in stock price. The reported growth rates are substantial and indicate strong performance, which is typically rewarded by the market.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100