Adobe Stock Climbs On Record Q3 Revenue And More
1. ADBE reported Q3 earnings of $5.31 per share, exceeding estimates. 2. Quarterly revenue reached $5.99 billion, up from $5.41 billion last year. 3. Digital Media revenue grew 12% YoY, with Annualized Recurring Revenue at $18.59 billion. 4. CEO raised FY25 revenue and EPS guidance, indicating strong future expectations. 5. ADBE stock rose 3.01% to $361.06 post-earnings announcement.