Adobe Inc. (NASDAQ:ADBE) is set to announce third quarter earning results on Tuesday 15th September 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ADBE to report 3Q20 income of $ 2.41 per share.
For the full year, analysts anticipate top line of $ 12738.10 million, while looking forward to income of $ 9.77 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 3150.00 million ~ $ 3150.00 million
Full Year 2020 topline are forecasted in a range of$ 13,150.00 million ~ $ 13,150.00 million, where as bottomline are predicted in a range of $ 9.75 ~ $ 9.75 per share
Click Here For More Historical Outlooks Of Adobe Inc.
Previous Quarter Performance
Adobe Inc. unveiled income for the second quarter of $ 2.45 per share, from the revenue of $ 3,128.00 million. The quarterly earnings increased 33.88 percent while revenues escalated 13.98 percent compared with the same quarter last year.
Wall street analysts are predicting, ADBE to report 2Q20 income of $ 2.33 per share from revenue of $ 3159.57 million. The bottom line results beat street analysts by $ 0.12 or 5.15 percent, at the same time, top line results fell short of analysts by $ 31.57 million or 1 percent.
Stock Performance
Shares of Adobe Inc. traded up $ 14.56 or 3.09 percent on Monday, reaching $ 485.91 with volume of 3.92 million shares. Adobe Inc. has traded high as $ 490.44 and has cracked $ 476.87 on the downward trend
The closing price of $ 485.91, representing a 84.75 % increase from the 52 week low of $ 255.13 and a 12.21 % decrease over the 52 week high of $ 536.88.
The company has a market capital of $ 233.07 billion and is part of the Technology sector and Application Software industry.
Conference Call
Adobe Inc. will be hosting a conference call at 5:00 PM eastern time on 15th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.adobe.com
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
