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
Stock Watch: Is Darden Restaurants a good buy after earnings?
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many
Lennar (LEN) believes that despite near-term challenges, the long-term prospects for housing remain strong
Shares of Lennar Corporation (NYSE: LEN) were down 3% on Monday. The stock has dropped 36% year-to-date and 25% over the past 12 months. The homebuilder delivered mixed results for
KB Home (KBH): What did and did not work for the homebuilder in the third quarter
Shares of KB Home (NYSE: KBH) were up slightly on Friday. The stock has dropped 40% year-to-date and 35% over the past 12 months. The company delivered mixed results for
