Adobe Systems Beats
Adobe Systems (ADBE) reported 2nd Quarter May 2023 earnings of 3.91 per share. The consensus earnings estimate was 3.79 per share on revenue of 4.8 billion.
The company said it expects third-quarter non-GAAP earnings of 3.95 to 4.00 per share on revenue of 4.83 billion to 4.87 billion. The consensus earnings estimate is 3.88 per share on revenue of 4.87 billion for the August 31, 2023 quarter. The company also said it now expects fiscal 2023 non-GAAP earnings of 15.65 to 5.75 per share on revenue of 19.25 billion to 19.35 billion. The company's previous guidance was earnings of 15.30 to 15.60 per share, and the current consensus earnings estimate is 15.50 per share on revenue of 19.30 billion for the year ending November 30, 2023.