Categories AlphaGraphs, Earnings, Technology
Infographic: Adobe (ADBE) Q3 earnings beat Street view; revenue up 13%
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday announced third-quarter results, reporting adjusted earnings that increased year-over-year and topped expectations.
At $4.43 billion, third-quarter revenues were up 13% from the prior-year period and matched the market’s projection. The top line benefited from strong growth by the core operating segments.
Net profit, excluding special items, rose to $3.40 per share from $3.11 per share last year and came in above the consensus forecast. Unadjusted net income was $1.14 billion or $2.42 per share, compared to $1.21 billion or $2.52 per share in the third quarter of 2021.
Check this space to read management/analysts’ comments on Adobe’s Q3 results
“Fueled by our groundbreaking technology, track record of creating and leading categories and consistent execution, Adobe delivered another record quarter,” said Adobe’s CEO Shantanu Narayen.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Trxade Health Inc. (NASDAQ: MEDS) Q1 2024 Research Summary
Trxade Health, Inc. (NASDAQ: MEDS) is a drug procurement and delivery platform that digitalizes the retail pharmacy experience. The company has a growing network of suppliers and partnerships with independent
Earnings Preview: Walmart (WMT) expected to report sales and profit gains in Q1
Over the years, Walmart Inc. (NYSE: WMT) has constantly diversified while maintaining its dominance in the retail world. The company is preparing to report financial results for the first three
After a positive year, what’s in the cards for Electronic Arts (EA) in FY25
Electronic Arts (NASDAQ: EA) ended fiscal 2024 on a mixed note, reporting lower revenues and improved bottom-line performance for the fourth quarter. The stock declined following the announcement as earnings