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    ADBE   US00724F1012

ADOBE INC.

(ADBE)
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Adobe: Fiscal Q3 Earnings Snapshot

09/21/2021 | 04:24pm EST

SAN JOSE, Calif. (AP) _ Adobe Systems Inc. (ADBE) on Tuesday reported fiscal third-quarter net income of $1.21 billion.

On a per-share basis, the San Jose, California-based company said it had net income of $2.52. Earnings, adjusted for one-time gains and costs, came to $3.11 per share.

The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3 per share.

The software maker posted revenue of $3.94 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $3.88 billion.

For the current quarter ending in November, Adobe expects its per-share earnings to be $3.18. Analysts surveyed by Zacks had forecast adjusted earnings per share of $3.

The company said it expects revenue in the range of $4.07 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $4.01 billion.

Adobe shares have risen 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $645.89, a rise of 36% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADBE at https://www.zacks.com/ap/ADBE

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on ADOBE INC.
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Financials (USD)
Sales 2021 15 758 M - -
Net income 2021 4 797 M - -
Net cash 2021 2 697 M - -
P/E ratio 2021 61,8x
Yield 2021 -
Capitalization 293 B 293 B -
EV / Sales 2021 18,4x
EV / Sales 2022 15,8x
Nbr of Employees 22 516
Free-Float 79,1%
Chart ADOBE INC.
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Adobe Inc. Technical Analysis Chart | ADBE | US00724F1012 | MarketScreener
Technical analysis trends ADOBE INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 31
Last Close Price 616,53 $
Average target price 716,59 $
Spread / Average Target 16,2%
EPS Revisions
Managers and Directors
Shantanu Narayen Chairman, President & Chief Executive Officer
Daniel J. Durn Chief Financial Officer & Executive Vice President
Abhay Parasnis Chief Technology & Product Officer
Cynthia A. Stoddard Chief Information Officer & Senior Vice President
Mark S. Garfield Chief Accounting & Administration Officer
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