Adobe Reaffirms Q4 Outlook; Issues FY23 Guidance

Adobe (ADBE) Tuesday reaffirmed its fourth quarter financial targets and also provided preliminary financial targets for fiscal year 2023.

For the fourth quarter, the company expects adjusted earnings of $3.50 per share, and revenues of around $4.52 billion. Analysts polled by Thomson Reuters currently expect earnings of $3.50 per share and revenues of $4.53 billion.

For the fiscal year 2023, Adobe expects revenues of $19.1 billion to $19.3 billion, earnings of $10.75 to $11.05 per share and adjusted earnings of $15.15 to $15.45 per share.

Adobe's fiscal year 2023 targets do not reflect the planned acquisition of Figma that is expected to close during 2023.

Analysts currently expect earnings of $15.53 per share and revenues of $19.82 billion.

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