Adobe: Q3 Earnings Insights - Adobe (NASDAQ:ADBE)

AdobeADBE stock fell by 3.07% on Wednesday after the company reported its Q3 earnings results on Tuesday, September 21, 2021 at 04:05 PM.

Here's what investors need to know about the announcement.

Adobe beat their estimated earnings by 3.32%, which did not surprise analysts.

Revenue was up $710,000,000 from the same period last year.

Last quarter the company beat on EPS by $0.22, which was followed by a 2.58% increase in the share price the next day.

Here's a look at Adobe's past performance and the resulting price change:

Quarter	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020
EPS Estimate	3.01	2.81	2.78	2.66	2.41
EPS Actual	3.11	3.03	3.14	2.81	2.57
Price Change %	-3.07%	2.58%	-1.89%	-0.2%	-4.35%

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Adobe management provided guidance for their next quarter, expecting earnings of $3.18 per share for the current quarter.

This presents a 2.25% in quarter-over-quarter growth for Adobe, a bullish signal to many investors.

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.