Proactive Investors - Adobe Inc (NASDAQ:ADBE) is expected to report double-digit percentage growth in its sales and profits for the fourth quarter compared to the same period last year when it reports its latest financial results after the stock market closes on Wednesday, December 13.
For 4Q, the digital marketing and creative software company expects to report revenue in the range of $4.975 billion to $5.025 billion and adjusted earnings per share between $4.10 and $4.15.
Wall Street analysts have higher revenue expectations of $5.1 billion but expect EPS in line with Adobe’s guidance at $4.13.
This would represent growth of 10.7% and 14.7%, respectively, over the year-ago quarter.
For full-year fiscal 2023, Adobe in July upped its guidance to revenue in the range of $19.25 billion to $19.35 billion, representing annual growth of 9% to 10%, and adjusted EPS between $15.65 to $15.75, representing growth of 14% to 15%.
Analysts have loftier expectations for both numbers, forecasting EPS of $15.93 on revenue of $19.37 billion.
Adobe shares traded hands at about US$597 on Wednesday afternoon and have gained about 77.1% in the year to date.