Yahoo Finance Adobe Earnings miss, Revenue beats In Q4
Investing.com - Adobe (NASDAQ:ADBE) reported fourth quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.83 on revenue of $2.46B. Analysts polled by Investing.com forecast EPS of $1.89 on revenue of $2.43B. That compared to EPS of $1 on revenue of $2.01B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $2.29B in the previous quarter.
For the year, Adobe shares are up 41.57%, outperforming the Nasdaq which is up 1.91% year to date.
Adobe follows other major Technology sector earnings this month
On November 27, Salesforce.com reported third quarter EPS of $0.61 on revenue of $3.39B, compared to forecasts of EPS of $0.5 on revenue of $3.37B.
Broadcom earnings beat analyst's expectations on December 6, with fourth quarter EPS of $5.85 on revenue of $5.45B. Investing.com analysts expected EPS of $5.58 on revenue of $5.4B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Related Articles
Apple China says it will push software update in bid to resolve Qualcomm case
Nissan board unlikely to select new chairman on Monday: source
