Company news: Adobe’s (ADBE) quarterly results top analysts’ estimates

Adobe (ADBE) reported Q3 FY2024 earnings of $4.65 per share (versus $4.09 per share in Q3 FY2023), beating analysts’ consensus estimate of $4.53 per share.

The company’s quarterly revenues amounted to $5.408 bln (+10.6% y/y), slightly beating analysts’ consensus estimate of $5.372 bln.

The company also issued guidance for Q4 FY2024, seeing EPS of $4.63-4.68 versus analysts’ consensus estimate of $4.67 and revenues of $5.50-5.55 bln versus analysts’ consensus estimate of $5.60 bln.

ADBE fell to $538.60 (-8.17%) in pre-market trading.