Adobe Reports Robust Q3, Raises Guidance — Stock Falls Anyway

Adobe Inc. (NASDAQ: ADBE ) shares continue to fall Friday despite reporting better-than-expected third-quarter financial results on Thursday after the market closed . Adobe stock is trading at depressed levels. What’s ahead for ADBE stock? AI Momentum and Creativity Fuel Q3 Results Adobe reported adjusted earnings per share of $6.13, beating the consensus estimate of $6.09. In addition, the company reported revenue of $6.760 billion, beating the consensus estimate of $6.693 billion. Total Customer Group subscription revenue was $6.56 billion, representing 14% year-over-year growth. Business Professionals & Consumers subscription revenue was $1.91 billion, up 16% year-over-year, while Creative & Marketing Professionals subscription revenue was $4.65 billion, up 13% year-over-year. “Adobe delivered record Q3 results, reflecting the strength of our AI innovation, expanding custome...