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Adobe’s Stock Rises 4% on Strong Fiscal Q3 Earnings Beat
Adobe’s Stock Rises 4% on Strong Fiscal Q3 Earnings Beat
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BTCCSquare news:
Adobe shares climbed 4% after the design software giant reported fiscal third-quarter results that surpassed analyst expectations. Earnings per share of $5.31 exceeded the $5.18 consensus, while revenue grew 11% year-over-year to $5.99 billion, beating the $5.91 billion forecast.
The company issued bullish guidance for Q4, projecting EPS between $5.35-$5.40 versus $5.34 estimates, with revenue expected to reach $6.08-$6.13 billion compared to $6.08 billion projections. Digital media revenue growth was revised upward to 11.3% for the fiscal year.
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