$ADBE+1.4% Adobe released results for the third quarter of fiscal year 2023. The company achieved record quarterly net recurring digital media revenue growth of $464 million. Total revenue was $4.89 billion, up 10% year-over-year, or 13% in constant currencies. Net earnings per share even increased more than 20% year-over-year. Now they're also starting to dabble in AI.
Adobe
ADBECapital Structure
Market Cap
256.4B
Enterpr. Val.
255.1B
Valuation
P/E
52.0
P/S
12.6
The results are nice, but the stock is down. Thanks for the recap :)
Very nice results, but despite this, investors are sending the stock price down. At least now in the premarket. The price has slipped 2%.