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
JetBlue Airways (JBLU) Q4 2022 Earnings: Key financials and quarterly highlights
JetBlue Airways Corporation (NASDAQ: JBLU) reported fourth quarter 2022 earnings results today. Total operating revenues increased 32% year-over-year to $2.4 billion. Net income amounted to $24 million, or $0.07
AAL Q4 2022 Report: Highlights American Airlines earnings
American Airlines Group (NASDAQ: AAL) announced fourth-quarter 2022 financial results on Thursday, reporting a sharp increase in revenues. The company turned profit from a loss last year. Total operating revenues
LUV Earnings: A snapshot of Southwest Airlines’ Q4 2022 report
Southwest Airlines Co. (NYSE: LUV) on Thursday announced financial results for the fourth quarter of 2022, reporting a net loss and a double-digit increase in revenues. Total operating revenue was
