ADBE - Adobe Stock Is Falling Thursday: What's Going On? | Benzinga
Adobe Inc (NASDAQ: ADBE) shares are trading lower Thursday after the company reported quarterly results and issued soft guidance. Here's a rundown of the report.
- Q4 Revenue: $5.05 billion beat estimates of $5.03 billion
- Q4 EPS: $4.27 beat estimates of $4.14
Total revenues were up 12% on a year-over-year basis. Remaining performance obligations were $17.22 billion at the end of the quarter. Cash flows from operations totaled $1.6 billion in the fourth quarter.
"Adobe drove record revenue of $19.41 billion in FY23 and 17 percent year-over-year EPS growth, with strong momentum across Creative ...