Categories AlphaGraphs, Earnings, Technology
Adobe (ADBE) reports Q3 2023 earnings. Here’s all you need to know
Adobe Inc. (NASDAQ: ADBE) reported financial results for the third quarter of 2023. The design software maker also provided guidance for the fourth quarter.
The company’s Q3 revenues came in at $4.89 billion, compared to $4.43 billion in the year-ago quarter. The core Digital Media business contributed significantly to the top-line growth.
Adjusted earnings, excluding one-off items, was $4.09 per share vs. $3.40 per share last year. The company reported net income of $1.40 billion or $3.05 per share for the August quarter, on an unadjusted basis, compared to $1.14 billion or $2.42 per share in the year-ago period.
“We are unleashing a new era of AI-enhanced creativity around the world with innovations across our product portfolio. The recent launches of Firefly, Express, Creative Cloud, and GenStudio make Adobe magic available to millions of users,” said Adobe’s CEO Shantanu Narayen.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Kroger’s Q3 report likely to reflect consumer caution amid macro headwinds
The Kroger Co. (NYSE: KR) is preparing to report third-quarter results this week while navigating a challenging market environment. In the first half, the grocery chain's performance was not very
Estee Lauder (EL): A look at the challenges weighing down this beauty giant
Shares of The Estée Lauder Companies Inc. (NYSE: EL) rose over 2% on Monday. The stock has dropped 19% over the past three months. The beauty company had a disappointing
Hormel Foods (HRL) to report Q4 2024 earnings results, a look at what to expect
Shares of Hormel Foods Corporation (NYSE: HRL) rose over 1% on Friday. The stock has gained over 5% in the past one month. The branded food company is slated to
