By Allison Prang 
 

Adobe Inc.'s (ADBE) profit and revenue climbed, with adjusted earnings and revenue beating analysts' consensus estimates.

Net income for the fourth quarter climbed to $851.9 million, up 26% from the comparable quarter a year earlier. Earnings were $1.74 a share, up from $1.37 a share.

Adjusted earnings were $2.29 a share, up from $1.83 a share. Analysts polled by FactSet were expecting $2.26 a share.

Revenue was $2.99 billion, up 21%. Analysts were expecting $2.97 billion.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

December 12, 2019 16:29 ET (21:29 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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