.September 12, 2024 at 9:00:04 PM

In the third quarter of 2024, Adobe Inc. (NASDAQ:ADBE) reported an EPS of $4.65, beating estimates, and revenue of $5.41 billion, exceeding expectations. The company showed impressive year-over-year growth with a 10.6% increase in revenue and EPS growth from $4.09 to $4.65. Adobe’s financial health is evident with a P/E ratio of 48.70, a P/S ratio of 12.42, and a track record of surpassing analyst projections for four consecutive quarters. The company’s strong performance and ability to outperform market expectations make it an attractive option for investors in the software industry.