Adobe Reports Record Revenue
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Adobe Systems (ADBE) Tops Q3 EPS by 16c, Revenues Beat; Offers 4Q EPS/Revenue Guidance
September 15, 2020 4:07 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q3 EPS of $2.57, $0.16 better than the analyst estimate of $2.41. Revenue for the quarter came in at $3.23 billion versus the consensus estimate of $3.16 billion.
Third Quarter Fiscal Year 2020 Financial Highlights
Adobe achieved record quarterly revenue of $3.23 billion in its third quarter of fiscal year 2020, which represents 14 percent year-over-year growth. Diluted earnings per share was $1.97 on a GAAP basis, representing 22 percent year-over-year growth, and $2.57 on a non-GAAP basis, representing 25 percent year-over-year growth.Digital Media segment revenue was $2.34 billion, which represents 19... More