Adobe's Revenue, Earnings Beat Analysts' Estimates
December 12 2019 - 4:44PM
Dow Jones News
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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