Adobe Earnings miss, Revenue beats In Q4 By

© Reuters.  Nigeria stocks lower at close of trade; NSE 30 unchanged

© Reuters. – Adobe (NASDAQ:) reported fourth quarter that missed analysts’ expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $1.83 on revenue of $2.46B. Analysts polled by forecast EPS of $1.89 on revenue of $2.43B. That compared to EPS of $1 on revenue of $2.01B in the same period a year earlier. The company had reported EPS of $1.73 on revenue of $2.29B in the previous quarter.

For the year, Adobe shares are up 41.57%, outperforming the Nasdaq which is up 1.91% year to date.

Adobe follows other major Technology sector earnings this month

On November 27, reported third quarter EPS of $0.61 on revenue of $3.39B, compared to forecasts of EPS of $0.5 on revenue of $3.37B.

Broadcom earnings beat analyst’s expectations on December 6, with fourth quarter EPS of $5.85 on revenue of $5.45B. analysts expected EPS of $5.58 on revenue of $5.4B

Stay up-to-date on all of the upcoming earnings reports by visiting’s earnings calendar

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