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Adobe posts fiscal Q3 net income of $1.83 billion and revenue of $6.76 billion, topping estimates

AI Market Summary
Adobe reported fiscal Q3 results that beat consensus on both adjusted EPS and revenue, and issued Q4 guidance with higher expected earnings and solid revenue range. The upside surprise and reaffirmed full-year outlook may ease concerns after the stock's sharp year-to-date decline, supporting near-term sentiment around large-cap software and broader growth exposure.
Impact level
● Medium
Affected assets
NCSKADBE2USD/USDT-3.56%
AI Insight · NCSKADBE2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Adobe reported fiscal 2024 third-quarter results with net income of $1.83 billion, adjusted earnings of $6.13 per share and revenue of $6.76 billion, exceeding Wall Street expectations. For the quarter ending in November, the company forecast adjusted earnings of $6.30 to $6.35 per share. Adobe also guided fiscal fourth-quarter revenue to $6.8 billion to $6.85 billion. The results were based on data from Zacks Investment Research via Automated Insights.
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