Adobe results top expectations but outlook misses as coronavirus impacts customer spending [MarketWatch]
Adobe Inc. (ADBE)
Last adobe inc. earnings: 3/12 04:05 pm
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Source: MarketWatch
Adobe results top expectations but outlook misses as coronavirus impacts customer spending Adobe Systems Inc. shares ADBE, -9.59% were up 3.5% in after-hours trading Thursday after the software company beat expectations with its fiscal first-quarter report but delivered a lower-than-anticipated outlook for the current quarter, citing coronavirus headwinds. The company posted net income of $955 million, or $1.96 a share, up from $674 million, or $1.36 a share, in the year-prior quarter. The company reported adjusted earnings per share of $2.27, up from $1.71 in the year-prior period and ahead of the $2.23 that analysts surveyed by FactSet had been modeling. Adobe's revenue rose to $3.09 billion from $2.6 billion a year earlier, whereas analysts had been modeling $3.05 billion. The company expects fiscal second-quarter revenue of about $3.175 billion and adjusted EPS of $2.35. Analysts were modeling revenue of $3.22 billion and adjusted EPS of $2.33. Adobe said in its release that th
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ADBE
Earnings
- 9/12/24 - Beat
ADBE
Sec Filings
- 11/19/24 - Form 4
- 10/31/24 - Form 4
- 10/30/24 - Form 144
- ADBE's page on the SEC website