Categories AlphaGraphs, Earnings, Technology
Infographic: Highlights of Adobe’s (ADBE) Q4 2020 earnings report
Adobe Inc. (NASDAQ: ADBE) on Thursday said its fourth-quarter earnings and revenuers increased year-over-year, aided by the stable demand for design software products. The numbers also topped expectations.
At $3.42 billion, revenues were up 14% from the prior-year period and above the market’s projection. The top-line benefited from double-digit growth in the core Digital Media segment.
Fourth-quarter profit, excluding special items, rose to $2.81 per share from $2.29 per share last year and came in above the consensus forecast. Net income was $2.25 billion or $4.64 per share, compared to $852 million or $1.74 per share in the fourth quarter of 2019.
Read management/analysts’ comments on Adobe’s Q4 results
After retreating from the record highs mid-year, Adobe’s stock bounced back and is currently trading close to the peak. The stock, which gained about 46% this year, rose modestly early Thursday following the announcement.
Looking for more insights?
Read the full conference call transcript here. It’s free!
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
