Categories AlphaGraphs, Earnings, Technology
Earnings: Adobe (ADBE) Q1 2023 profit, revenue increase
Design software maker Adobe Inc. (NASDAQ: ADBE) on Wednesday reported higher earnings and revenues for the first three months of fiscal 2023. The company also provided guidance for the second quarter.
First-quarter revenues came in at $4.66 billion, which is up 9% from the year-ago quarter. The top line benefited from strong growth at the core Digital Media business.
Adjusted net profit, excluding one-off items, rose to $3.80 per share from $3.37 per share last year. Unadjusted net income was $1.25 billion or $2.71 per share, compared to $1.27 billion or $2.66 per share in the first quarter of 2022.
Check this space to read management/analysts’ comments on Adobe’s Q1 results
“Adobe drove record Q1 revenue and we are raising our annual targets based on the tremendous market opportunity and continued confidence in our execution,” said Adobe’s CEO Shantanu Narayen.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
