Adobe Reports Q3 Earnings: What Key Metrics Have to Say

Quick Summary:

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Adobe Systems (NASDAQ: ADBE) reported $5.41 billion in revenue for the quarter ended August 2024, representing a year-over-year increase of 10.6%.EPS of $4.65 for the same period compares to $4.09 a year ago.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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Article Details

Author / Journalist: Zacks

Category: Technology

Markets: United States

Topics: News Analyst Ratings Trading Ideas ADBE Tech Earnings Contributors Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 18:13:49 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 232 words

Reading Time: 2 minutes read

Sentences: 10 lines

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Copyright Owner: © Benzinga

News ID: 22500948

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