Adobe Inc. (NASDAQ:ADBE) posted better-than-expected third-quarter results and raised its fiscal 2025 outlook after Thursday’s closing bell.
Adobe reported quarterly earnings of $5.31 per share, which beat the analyst estimate of $5.18. Quarterly revenue came in at $5.99 billion, which beat the Street estimate of $5.91 billion, according to data from Benzinga Pro.
“Adobe is the leader in the AI creative applications category with AI-influenced ARR surpassing $5 billion and AI-first ARR already exceeding our $250 million year-end target,” said Shantanu Narayen, chair and CEO of Adobe.
Adobe raised its fiscal 2025 adjusted EPS guidance to between $20.80 and $20.85, versus the …