Adobe Sees Q3 Non-GAAP EPS $4.50-$4.55 vs $4.17 Est.; Revenue $5.33B-$5.38B vs $5.03B Est.
Portfolio Pulse from Benzinga Newsdesk
Adobe has announced its Q3 non-GAAP EPS guidance of $4.50-$4.55, significantly higher than the estimated $4.17. Additionally, the company expects revenue between $5.33 billion and $5.38 billion, surpassing the estimated $5.03 billion.
June 13, 2024 | 8:06 pm
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Adobe's Q3 guidance significantly exceeds market expectations, with EPS projected at $4.50-$4.55 compared to the estimated $4.17, and revenue forecasted at $5.33 billion-$5.38 billion versus the estimated $5.03 billion.
The significant beat in both EPS and revenue guidance indicates strong performance and positive market sentiment, likely driving the stock price up in the short term.
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