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00:02Adobe beat Wall Street estimates for its fiscal third quarter and raised its full-year outlook.
00:07According to Benzinga, the company reported adjusted earnings of $6.13 per share
00:13above the $6.09 estimate, while revenue of $6.76 billion topped expectations of $6.69 billion.
00:24Subscription revenue rose 14% year-over-year to $6.56 billion.
00:28While annualized recurring revenue reached $27.50 billion,
00:34Adobe generated record third-quarter operating cash flow of $2.52 billion.
00:40The company expects fourth-quarter adjusted earnings of $6.30 to $6.35 per share on revenue
00:48of $6.8 billion to $6.85 billion.
00:52Adobe raised its fiscal 2026 adjusted earnings guidance to $24.45 to $24.50 per share
01:01and revenue guidance to $26.58 billion to $26.63 billion.
01:08Shares fell 1.15% to $245.98 in extended trading Thursday, according to data from Benzinga Pro.
01:16For all things money, visit Benzinga.com.
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