Adobe (ADBE) is a diversified American multinational software company. The stock drew down shortly after beating its earnings expectations for Q3, causing a sense of wariness among investors. I'm, however, bullish on the stock. (See Analysts’ Top Stocks on TipRanks) Earnings Adobe reported third-quarter revenue of $3.9 billion (up 22% year-over-year) and EPS of $3.11 (a $0.09 beat). The catalyst among the segments was Digital Media which reported $2.9 billion in revenue, a 23% year-over-year increase. In addition, Creative revenue also came in strong at $2.4 billion (+21% year-over-year), while Document Cloud recorded revenue of $493 million (+31% year-over-year). Adobe also repurchased 1.
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Adobe (NASDAQ:ADBE)
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Adobe (NASDAQ:ADBE)
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