Adobe Reports Record Q3 Revenue, EPS Beats Estimates
Portfolio Pulse from Erica Kollmann
Adobe reported record Q3 revenue and earnings per share (EPS) that beat analyst estimates. The company achieved a 10.63% year-over-year revenue growth, driven by strong performance in its Digital Media and Digital Experience segments. Despite the positive results, Adobe's stock fell 8.51% in after-hours trading.
September 12, 2024 | 8:29 pm
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Adobe reported strong Q3 results with EPS and revenue beating estimates, driven by growth in Digital Media and Experience segments. Despite this, shares fell 8.51% after-hours.
Adobe's Q3 earnings and revenue exceeded expectations, indicating strong business performance. However, the 8.51% drop in after-hours trading suggests investor concerns, possibly due to future guidance or market conditions. This negative market reaction is likely to impact Adobe's stock price in the short term.
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