Adobe Q1 2024 Adj EPS $4.48 Beats $4.38 Estimate, Sales $5.180B Beat $5.143B Estimate
Portfolio Pulse from Benzinga Newsdesk
Adobe reported its Q1 2024 earnings with an adjusted EPS of $4.48, surpassing the consensus estimate of $4.38. Sales reached $5.180B, also beating the estimate of $5.143B, marking an 11.28% increase from the previous year.
March 14, 2024 | 8:06 pm
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Adobe's Q1 2024 earnings exceeded analyst expectations with an adjusted EPS of $4.48 and sales of $5.180B, indicating strong financial performance.
Adobe's earnings beat is significant as it not only surpassed the EPS and sales estimates but also showed a notable year-over-year sales growth of 11.28%. This indicates a strong financial performance and could lead to positive investor sentiment, likely driving the stock price up in the short term.
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IMPORTANCE 90
RELEVANCE 100