Adobe Fiscal Q3 Adjusted Earnings, Revenue Rise

MT Newswires Live

9 hours ago

Adobe (ADBE) reported fiscal Q3 adjusted earnings late Thursday of $6.13 per diluted share, up from $5.31 a year earlier.

Analysts polled by FactSet expected $6.08.

Revenue in the three months ended Aug. 28 rose to $6.76 billion from $5.99 billion a year earlier.

Analysts projected $6.69 billion.

The company expects fiscal Q4 adjusted EPS of $6.30 to $6.35 on revenue of $6.80 billion to $6.85 billion. Analysts project EPS of $6.31 on revenue of $6.84 billion.

Adobe expects full-year adjusted EPS of $24.45 to $24.50 on revenue of $26.576 billion to $26.626 billion, up from its prior forecast of adjusted EPS of $24.35 to $24.45 on revenue of $26.5 billion to $26.6 billion.

Analysts project EPS of $24.42 on revenue of $26.539 billion.

Adobe shares rose 0.8% in after-hours trading.

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