ADBE - Adobe's Q4 Earnings Beat Cannot Offset Weak Q1 FY24 Total Revenue Forecast — Stock Sinks | Benzinga
Adobe Inc. (NASDAQ: ADBE) shares are trading lower in Wednesday's after-hours session on the heels of the company's fourth-quarter earnings. Here's what you need to know.
What To Know: Adobe reported quarterly earnings of $4.27 per share which exceeded the Street's estimate of $4.14. The figure marks an 18.61% increase over earnings of $3.60 per share from the same period last year.
Revenue clocked in at $5.05 billion, surpassing the analyst consensus estimate of $5.03 billion, an 11.60% increase over sales of $4.53 billion from the same period last year.
Some of the highlights from ...