Earnings and revenue performance
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Adobe's stock gains on earnings, revenue beat
CNBCยท 2025-09-11 20:17
Group 1 - Adobe reported fiscal third-quarter results that exceeded analysts' estimates, with revenue increasing by 11% to $5.99 billion compared to $5.41 billion a year earlier [1][5] - Net income rose to $1.77 billion, or $4.18 per share, up from $1.68 billion, or $3.76 per share, a year ago [1] - For the fourth quarter, Adobe expects earnings per share to be between $5.35 and $5.40, slightly above the average analyst estimate of $5.34 [2] Group 2 - Adobe's guidance for fourth-quarter revenue is projected to be between $6.08 billion and $6.13 billion, aligning with analysts' expectations of $6.08 billion [2] - The company anticipates annualized revenue growth of 11.3% in its digital media business for the fiscal year, an increase from the previous forecast of 11% [3] - Digital media revenue for the fourth quarter is expected to be between $4.56 billion and $4.51 billion, surpassing the average estimate of $4.51 billion [3] Group 3 - As of the latest close, Adobe's stock has declined by 21% this year, underperforming compared to tech peers and the broader Nasdaq, which has risen by 14% [3]