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ADBE - Adobe Inc News Story

$488.5 4.9  1.0%

Last Trade - 23/10/20

Sector
Technology
Size
Large Cap
Market Cap £179.71bn
Enterprise Value £178.83bn
Revenue £9.54bn
Position in Universe 28th / 6447

BUZZ-Adobe: Gains as third-quarter results beat estimates

Tue 15th September, 2020 10:03pm
** Photoshop maker's shares  ADBE.O  rise ~2% to $506.70 in
extended trade, set for third straight session of gains
    ** Q3 revenue rises 14% to $3.23 bln and beats estimates of
$3.16 bln, according to IBES data from Refinitiv
    ** Sales from co's digital media segment, which houses its
flagship product Creative Cloud, grow 19% to $2.34 bln
    **  Posts Q3 adj. profit of $2.57/share vs estimates of
$2.41/share  urn:newsml:reuters.com:*:nBwQspwYa
    ** Expects Q4 revenue ~$3.35 bln; analysts forecast sales of
$3.36 bln
    ** Stock has surged ~51% this year as of Tuesday's close

 (Reporting by Akanksha Rana in Bengaluru)
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