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
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
