Adobe earnings beat by $0.12, revenue topped estimates

Investing.com – Adobe (NASDAQ: ) reported second quarter EPS of $3.91, $0.12 better than the analyst estimate of $3.79. Revenue for the quarter came in at $4.82B versus the consensus estimate of $4.77B.

Guidance

Adobe sees Q3 2023 EPS of $3.95-$4.00 versus the analyst consensus of $3.89.

Adobe sees Q3 2023 revenue of $4.83B-$4.87B versus the analyst consensus of $4.86B.

Adobe sees FY 2023 EPS of $15.65-$15.75 versus the analyst consensus of $15.50.

Adobe sees FY 2023 revenue of $19.25B-$19.35B versus the analyst consensus of $19.30B.

Adobe’s stock price closed at $490.91. It is up 37.07% in the last 3 months and up 34.47% in the last 12 months.

Adobe saw 19 positive EPS revisions and 4 negative EPS revisions in the last 90 days. See Adobe’s stock price’s past reactions to earnings here.

According to InvestingPro, Adobe’s Financial Health score is “great performance”.

Check out Adobe’s , and Adobe’s financials here.

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