Categories AlphaGraphs, Earnings, Technology
Earnings Infographic: Adobe (ADBE) Q1 profit, revenue beat estimates
Adobe Inc. (NASDAQ: ADBE) said its first-quarter earnings and revenues increased and topped the market’s estimates, amid stable demand for design software products.
At $3.91 billion, revenues were up 26% 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.
First-quarter profit, excluding special items, rose to $3.14 per share from $2.27 per share last year and came in above the consensus forecast. Net income was $1.26 billion or $2.61 per share, compared to $955 million or $1.96 per share in the first quarter of 2020.
Read management/analysts’ comments on Adobe’s Q1 results
Adobe’s stock entered 2021 on an upbeat note but lost momentum as the year progressed. It closed Tuesday’s regular session higher, after gaining 52% since last year.
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
CCL Earnings: Highlights of Carnival Corporation’s Q4 2025 results
Cruise operator Carnival Corporation & plc (NYSE: CCL) on Friday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. Earnings topped analysts' expectations. Revenues
Lamb Weston (LW) Q2 2026 Earnings: Key financials and quarterly highlights
Lamb Weston Holdings, Inc. (NYSE: LW) reported its second quarter 2026 earnings results today. Net sales inched up 1% year-over-year to $1.62 billion. Net sales at constant currency remained flat.
Paychex reports higher Q2 FY26 revenue and earnings; EPS beats estimates
Paychex Inc. (NASDAQ: PAYX) on Friday reported stronger-than-expected adjusted earnings for the second quarter of fiscal 2026. Revenues grew 18% year-over-year. The Rochester-based human capital management solutions provider reported revenues
