) reported adjusted EPS of $4.81 in Q3, exceeding market estimates of $4.67. The company has beaten street estimates in each of the last 8 quarters.Earnings grew 13% over last year, which is below the 8-quarter average of 16% . Earnings growth has slowed for the 5th straight quarter now.
Sales came in at $5.61 billion, which exceeded expectations of $5.54 billion. Adobe has also beaten street estimates for sales over the last 8 quarters. Sales came in 1.2% above street estimates, which happens to be the biggest beat in the last 8 quarters and well above the recent average of 0.7%.Forward guidance was a bit shy of market expectations. The market is currently pricing in about 11% EPS growth over the next 4 quarters, on a forward price-to-earnings ratio of 23.8 based on this morning's opening price. The stock is still trading below its 2021 high of $699, but well off its bear market low.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: Investingcom - 🏆 450. / 53 Leer más »