21.09.2021 22:37:50
|
Adobe Systems Q3 Profit, Revenues Trump Street View
(RTTNews) - Software giant Adobe Systems Inc. (ADBE), Tuesday reported a profit and revenues for the third quarter that easily trumped Wall Street estimates. Looking forward, the company issued a fourth-quarter outlook that is expected to beat current estimates.
San Jose, California-based Adobe's third-quarter profit rose to $1.21 billion or $2.52 per share from $955 million or $1.97 per share last year.
Adjusted earnings for the quarter rose to $3.11 per share from $2.57 per share last year. On average, 22 analysts polled by Thomson Reuters expected earnings of $3.01 per share for the quarter. Analysts' estimates typically exclude special items.
Adobe said it achieved record revenue in the quarter, which rose 22% to $3.94 billion from $3.23 billion last year. Analysts had a consensus revenue estimate of $3.89 billion for the quarter.
Digital Media segment revenue grew 23% to $2.87 billion, as creative revenue rose 21% to $2.37 billion and document cloud revenue was up 31% to $493 million.
Digital Experience segment revenue rose 26% to $985 million, with digital experience subscription revenue up 29% to $864 million.
"Adobe had another outstanding quarter as Creative Cloud, Document Cloud and Experience Cloud continue to transform storytelling, learning and conducting business in a digital-first world," said CEO Shantanu Narayen.
Looking forward to the fourth quarter, Adobe expects revenues of about $4.07 billion and adjusted earnings of around $3.18 per share. Analysts currently estimate earnings of $3.08 per share and revenues of $4.04 billion.
ADBE closed Tuesday's trading at $645.89, up $4.60 or 0.72%, on the Nasdaq. The stock, however, slipped $23.51 or 3.64%, in the after-hours trade.
Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Adobe Inc.mehr Nachrichten
18.12.24 |
NASDAQ Composite Index-Titel Adobe-Aktie: So viel hätten Anleger mit einem Investment in Adobe von vor 5 Jahren verdient (finanzen.at) | |
12.12.24 |
Börse New York: NASDAQ 100 schwächelt zum Ende des Donnerstagshandels (finanzen.at) | |
12.12.24 |
Schwacher Wochentag in New York: S&P 500 sackt zum Handelsende ab (finanzen.at) | |
12.12.24 |
Börse New York: NASDAQ Composite sackt zum Ende des Donnerstagshandels ab (finanzen.at) | |
12.12.24 |
Adobe-Aktie fällt: Anleger enttäuscht von schwachen Prognosen (finanzen.at) | |
12.12.24 |
Angespannte Stimmung in New York: NASDAQ Composite schwächelt (finanzen.at) | |
12.12.24 |
Donnerstagshandel in New York: S&P 500 fällt nachmittags zurück (finanzen.at) | |
12.12.24 |
Schwacher Handel in New York: NASDAQ 100 verliert am Donnerstagnachmittag (finanzen.at) |
Analysen zu Adobe Inc.mehr Analysen
12.12.24 | Adobe Buy | Deutsche Bank AG | |
16.06.23 | Adobe Buy | Goldman Sachs Group Inc. | |
15.06.23 | Adobe Outperform | RBC Capital Markets |