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.

Adobe Q4 2020 Earnings Infographic

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.

  • adobe Q2 2020 earinings

Looking for more insights?

Read the full conference call transcript here. It’s free!

Most Popular

Earnings calendar for the week of January 18

While the markets got a boost a couple of weeks ago after Congress passed the new stimulus bill, investors seem to have adopted a cautious stance as details of the

Can ReneSola count on pipeline, global expansion to stay on growth path?

After the initial lull, the renewables industry witnessed stable capacity addition during the pandemic, even as the lingering uncertainty underscored the need for energy self-reliance. Solar power companies like ReneSola

US retail sales fall for third straight month in December; 2020 holiday sales rise 8.3%

According to a report by the US Census Bureau, adjusted retail and food services sales totaled $540.9 billion in December 2020, down 0.7% from November 2020 but up 2.9% from

Add Comment
Viewing Highlight