Adobe Q3 EPS $3.40 Beats $3.33 Estimate, Sales $4.43B In Line; And It Bought Figma For $20 Billion In Cash And Stock

Benzinga2022-09-15

Adobe (NASDAQ:ADBE) reported quarterly earnings of $3.40 per share which beat the analyst consensus estimate of $3.33 by 2.1 percent. This is a 9.32 percent increase over earnings of $3.11 per share from the same period last year. The company reported quarterly sales of $4.43 billion which met the analyst consensus estimate. This is a 12.58 percent increase over sales of $3.94 billion the same period last year.

Moreover, it was in advanced talks to buy Figma Inc. in a cash and stock deal valued at $20 billion. Figma is a San Francisco-based design software company founded in 2012. Citing people familiar with the matter, the deal for Figma, which could be completed as soon as Thursday, would be roughly half in stock and half in cash.

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Comments

  • SPOT_ON
    2022-09-16
    SPOT_ON
    Take a look a super fake pump up historical price of adobe .. fake.push sky high by stimulus and high p/e
  • Bspn
    2022-09-15
    Bspn
    Ok
  • Evey77
    2022-09-15
    Evey77
    The results isn't bad, the acquisition is good for adbe, why is it punished so badly pre-mkt? Irrational?!
  • kino318
    2022-09-15
    kino318
    Look like market have a different view 
    • Azerone.Kee: 
      in the stock market, somebody is investing, somebody is gambling, and somebody is playing.
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