FMP
Adobe Systems Reports Q3 Beat
Sep 15, 2023 3:57 PM - Davit Kirakosyan(Last modified: Dec 19, 2023 5:49 PM)
Image credit: FMP
Adobe Systems (NASDAQ:ADBE) announced its Q3 earnings, reporting an EPS of $4.09, surpassing the Street estimate by $0.12, which was projected at $3.97. The company also revealed Q3 revenue of $4.89 billion, slightly exceeding the Street estimate of $4.87 billion.
The CEO of Adobe expressed the company's commitment to ushering in a new era of AI-enhanced creativity with recent innovations across their product portfolio, including Firefly, Express, Creative Cloud, and GenStudio, expanding Adobe's impact on millions of users worldwide.
For Q4/23, Adobe Systems expects an EPS ranging from $4.10 to $4.15, outpacing the Street estimate of $4.06. Additionally, the company anticipates Q4/23 revenue to fall within the range of $4.975 billion to $5.025 billion, compared to the Street estimate of $5 billion.
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