Adobe Fiscal Q4 Non-GAAP Earnings, Revenue Rise; Fiscal Q1 Outlook Set; Shares Fall

MT Newswires Live

2024/12/12

Adobe (ADBE) reported fiscal Q4 non-GAAP earnings late Wednesday of $4.81 per diluted share, up from $4.27 a year earlier.

Analysts polled by FactSet expected $4.67.

Revenue in the three months ended Nov. 30 rose to $5.61 billion from $5.05 billion a year earlier. Analysts surveyed by FactSet expected $5.54 billion.

The company expects fiscal Q1 non-GAAP earnings of $4.95 to $5 a share on revenue of $5.63 billion to $5.68 billion. Analysts surveyed by FactSet expect earnings of $4.95 on revenue of $5.72 billion.

Adobe shares fell 6.1% in after-hours activity.

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