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
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
