Adobe stock wobbles as earnings miss, revenue beats [MarketWatch]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: MarketWatch
Adobe stock wobbles as earnings miss, revenue beats Adobe Inc. ADBE, +1.03% shares shifted between gains and losses in the extended session Thursday after the software company's revenue results and outlook topped Wall Street estimates but those for earnings did not. Adobe shares, which had been up as much as 3%, were last up 0.4% after hours, following a 1% rise to close the regular session at $248.08. The company reported fiscal fourth-quarter net income of $678.2 million, or $1.37 a share, compared with $501.5 million, or $1.02 a share, in the year-ago period. Adjusted earnings were $1.87 a share. Revenue rose to $2.46 billion from $2.01 billion in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of $1.88 a share on revenue of $2.43 billion. Adobe updated its 2019 outlook to include its acquisition of Marketo . Adobe expects adjusted earnings of about $1.60 a share on revenue of about $2.54 billion for the first quarter, and about $7.75 a share on revenue
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ADBE
News
- Adobe Systems (ADBE) Stock Moves -0.85%: What You Should Know [Yahoo! Finance]Yahoo! Finance
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- Adobe Systems (ADBE) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
- Clickstream Analytics Market Outlook 2024-2030 Featuring Profiles of 22 Key Players, Including Adobe Systems, Google Cloud Platform, IBM, Microsoft, and Oracle [Yahoo! Finance]Yahoo! Finance
ADBE
Earnings
- 3/14/24 - Beat
ADBE
Sec Filings
- 5/8/24 - Form 4
- 5/6/24 - Form 144
- 5/3/24 - Form 4
- ADBE's page on the SEC website