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Barchart
Neha Panjwani

What to Expect From Adobe’s Q3 2024 Earnings Report

Adobe ADBE

Adobe Inc. (ADBE), headquartered in San Jose, California, provides digital marketing and media solutions. Valued at $237.93 billion by market cap, the company offers a line of application software products, type products, and content for creating, distributing, and managing information. The software giant is expected to announce its fiscal third-quarter earnings for 2024 after the market closes on Thursday, Sep. 12. 

Ahead of the event, analysts expect ADBE to report a profit of $3.63 per share on a diluted basis, up 11.4% from $3.26 per share in the year-ago quarter. The company beat the consensus estimates in three of the last four quarters while missing on another occasion. During the previous quarter, the company reported record revenue of $5.31 billion, driven by Adobe Creative Cloud, Document Cloud, and Experience Cloud. It repurchased approximately 4.6 million shares in Q2.

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