Adobe Beats Q3 Revenue Estimates on AI Demand
Adobe reported third quarter revenue of $6.76 billion, beating Wall Street estimates driven by rising demand for artificial intelligence tools. Adjusted profit per share reached $6.13, exceeding expectations as the company transitions leadership.
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ADOBE INC reported third-quarter revenue of $6.76 billion on Thursday afternoon, beating Wall Street estimates of $6.70 billion. The software maker posted adjusted earnings of $6.13 per share, surpassing analyst projections of $6.09. Strong adoption of artificial intelligence tools across creative products drove the outperformance.
