Categories AlphaGraphs, Earnings, Technology
ADBE Earnings: Adobe Q4 revenue up 20%; profit meets estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) Thursday said that fourth-quarter revenues increased and topped expectations, amid stable demand for its products. Earnings were in line with analysts’ estimates.
At $4.11 billion, fourth-quarter revenues were up 20% from the prior-year period and above the market’s projection. The top-line benefited from double-digit growth in the Digital Media and Digital Experience segments.
Net profit, excluding special items, rose to $3.20 per share from $2.81 per share last year and came in line with the consensus forecast. Unadjusted net income was $1.23 billion or $2.57 per share, compared to $2.25 billion or $4.64 per share in the fourth quarter of 2020.
“Adobe’s record performance in Q4 resulted in fiscal 2021 revenue exceeding $15 billion. Adobe’s vision, category leadership, ground-breaking technology, and large and loyal customer base position us well for fiscal 2022 and beyond,” said Adobe’s CEO Shantanu Narayen.
Check this space to read management/analysts’ comments on Adobe’s Q4 results
Adobe’s stock has gained about 30% this year and mostly outperformed the market. The shares dropped early Thursday soon after the earnings announcement.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results
Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or
NVDA Earnings: Nvidia Q3 profit jumps, beats estimates
NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues
Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance
Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the
