Adobe earnings rose $0.09, revenue beat Investing.com estimates

Investing.com – Adobe (NASDAQ: ) reported second-quarter EPS of $4.48, which was $0.09 ahead of analyst estimates of $4.39. Revenue for the quarter was $5.31 billion, compared to the consensus estimate of $5.29 billion.

Conductivity

Adobe expects third-quarter 2024 EPS of $4.50 to $4.55, compared to analyst consensus of $4.48.

Adobe expects third-quarter 2024 revenue of $5.33 billion to $5.38 billion, compared to analyst consensus of $5.40 billion.

Adobe forecasts 2024 EPS of $18.00-$18.20

Adobe expects 2024 revenue of $21.40 billion to $21.50 billion

Adobe’s stock price closed at $458.74. It has declined -6.85% over the past 3 months and -4.34% over the past 12 months.

Over the last 90 days, Adobe has seen 15 positive and 11 negative EPS revisions. You can see Adobe’s past share price reaction to earnings here.

According to InvestingPro, Adobe’s financial health score is “Strong Perform.”

You can check Adobe and Adobe’s financial data here.

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