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
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
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.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100