Adobe Reports Record Revenue in Q2 Fiscal 2023
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Wall Street analysts encouraged by Adobe Systems (ADBE) Q2 earnings
June 16, 2023 7:32 AM EDTAdobe Systems (NASDAQ: ADBE) reported positive second-quarter earnings after the close on Thursday, topping analyst consensus expectations.
The software firm reported Q2 EPS of $3.91, $0.12 better than the analyst estimate of $3.79, while revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.77 billion.
Here's how Wall Street analysts reacted to the report:
Wells Fargo's Michael Turrin raised the firm's price target on the stock to $600 from $525, maintaining an Overweight rating.
"ADBE's Q2 results are likely to keep the recent momentum going, as the company... More
Adobe Systems (ADBE) Tops Q2 EPS by 12c, Offers Guidance
June 15, 2023 4:06 PM EDTAdobe Systems (NASDAQ: ADBE) reported Q2 EPS of $3.91, $0.12 better than the analyst estimate of $3.79. Revenue for the quarter came in at $4.82 billion versus the consensus estimate of $4.77 billion.
GUIDANCE:
Adobe Systems sees Q3 2023 EPS of $3.95-$4.00, versus the consensus of... More
