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Benzinga
Benzinga
Business
Wayne Duggan

5 Adobe Analysts React To Earnings Beat, Guidance Miss, Figma Acquisition

Adobe Inc (NASDAQ:ADBE) shares traded lower by another 4.5% on Friday after the stock dropped 17% on Thursday, its worst day since 2010.

On Thursday, Adobe reported fiscal third-quarter adjusted EPS of $3.40, exceeding consensus analyst estimates of $3.33. Quarterly revenue was $4.43 billion, in-line with analyst estimates. Revenue was up 13% from a year ago.

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