Adobe Q3 Earnings Beat Estimates: Can GenAI Efforts Lift Shares?
Adobe(ADBE) ZACKS·2024-09-14 01:31
Adobe Inc. (ADBE) released third-quarter fiscal 2024 non-GAAP earnings of $4.65 per share, beating the Zacks Consensus Estimate by 2.65%. The figure improved 13.7% on a year-over-year basis.Total revenues were $5.41 billion, which beat the Zacks Consensus Estimate of $5.37 billion. The figure rose 11% both on a reported and a constant-currency basis from the year-ago quarter.Top-line growth was driven by the strong performances of Adobe Creative Cloud, Document Cloud and Experience Cloud. Accelerating subsc ...