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Adobe Inc   (ADBE)
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    Sector • Technology    Industry • Software & Programming
   Industry • Software & Programming
   Sector • Technology


 

Adobe Inc

ADBE's Financial Statements and Analysis



Adobe Inc reported in the third quarter of 2024 net earnings per share of $3.76 an increase by 23.28 % year on year from $3.05 and an improvement of 7.74 % from $3.49 realized in II. Quarter (May 31 2024).


third quarter of 2024
Earnings Per Share Revenues
$ 3.76 $  5,408 Mill
$+0.71     +23.28 % $+518M     +10.59 %



Adobe Inc 's Revenue rose by 10.59 % in third quarter of 2024 (Aug 30 2024) year on year, to $5,408 million and advanced by 1.86 % sequentially.


Adobe Inc is

More on ADBE's Income Statement



Adobe Inc 's net income of $1,684.000 million in the third quarter of 2024 increased by 20.03 % from net earnings of $1,403.000 million achieved in III. Quarter a year ago.

Sequentially net earnings grew by 7.06 % from net income of $1,573.000 million realized in previous quarter.

More on ADBE's Growth

Adobe Inc Inventories
In Aug 30 2024 company's net cash and cash equivalents decreased by $-467 million, capital expenditures grew by -91-37.36%, to $-57 millions compare to same quarter a year ago

More on ADBE's Cash flow Statement


Adobe Inc does not pay out common stock dividend.

In trailing twelve-month period Adobe Inc earned $ 15.03 cash per share, on a free-cash flow basis 126.59 % of net earning per share.

Book value fell by -1.35 % sequentially to $32.47 per share.
Tangible Book value fell to $ 1.95 per share from $ 2.45.

Company repurchased 3.00 million shares or 0.67 % in Aug 30 2024.
Interest Coverage Ratio was 71.29. Debt Coverage Ratio was 1.48.

• More on ADBE's Dividends

 Market Capitalization (Millions) 225,599
 Shares Outstanding (Millions) 448
 Total Debt (Millions $) 5,627
 Revenue (TTM) (Millions $) 20,947
 Net Income (TTM) (Millions $) 5,360
 Cash Flow (TTM) (Millions $) 592
 Capital Exp. (TTM) (Millions $) -182
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 29,945




Adobe Inc does not pay out common stock dividend.

In trailing twelve-month period Adobe Inc had $ 15.03 cash flow per share, on a free-cash flow basis 126.59 % of net earning per share.

Book value fell by -1.35 % sequentially to $32.47 per share.
Tangible Book value fell to $ 1.95 per share from $ 2.45.

Company repurchased 3.00 million shares or 0.67 % in Aug 30 2024.
Interest Coverage Ratio was 71.29. Debt Coverage Ratio was 1.48.

• More on ADBE's Balance Sheets

 Market Capitalization (Millions) 225,599
 Shares Outstanding (Millions) 448
 Total Debt (Millions $) 5,627
 Revenue (TTM) (Millions $) 20,947
 Net Income (TTM) (Millions $) 5,360
 Cash Flow (TTM) (Millions $) 592
 Capital Exp. (TTM) (Millions $) -182
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 29,945
   


  News about Adobe Inc Earnings

Adobe Inc's Stock Price Surges as Company Delivers Impressive Results in Q2 FY2024

Adobe Inc, a leading software and programming company, has seen a significant increase in its stock price recently. Over the past 90 days, the stock has risen by 20.59%, bringing the share price to 1.98% higher than it was three months ago. Although this is a notable increase, it is important to note that Adobe Inc's stock is currently only trading 22% above its 52-week low.
The rise in Adobe Inc's stock price can be attributed to the company's impressive financial performance in the second quarter of fiscal year 2024, spanning from March to May 31. During this period, Adobe Inc declared double-digit revenue and profit growth. The company's revenue reached $5.31 billion, representing a 10.237% increase c...

Adobe Inc's Revenue Soars, But Earnings Take a Hit in First Quarter of 2024

The Software and Programming company, Adobe Inc,...

Adobe Inc Shines with Rewarding Reporting Season, Boasting Impressive Earnings Growth and Revenue Surge in Fiscal Period Ending December 01, 20232.

Over the past 5 days, the stock of Adobe Inc has seen a modest rise of 0.86%. This brings the year-to-date performance to 2.76%. The stock is currently trending higher and is just 6% below its 52-week high.<...

Adobe Inc Sees Impressive 26.03% Surge in Earnings Amid Q3 2023

Adobe Inc, a leading software and programming company, has demonstrated impressive performance in its f...

Adobe Inc Skyrockets Revenue by 9.804%, Setting New Industry Benchmark

Adobe Inc, a renowned software and programming company, recently announced its financial results for the period ending June 02, 2023. The company witnessed an impressive increase in both its top-line and bottom-line figures. With revenues reaching $4.82 billion, there was a 9.804% year-on-year growth and a 3.459% quarter-on-quarter advance. Income per share also grew by 13.25% to $2.82, while sequentially the income improved by 4.06%.
However, despite the positive performance, Adobe Inc's revenue surge was lower compared to its contemporaries in the software and programming sector, with only a 12.03% increase compared to the corresponding period a year before. Nevertheless, the company's net profits for ...


Date modified: 2024-09-27T12:45:30+00:00





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