Trade Now

Capital at risk Advertisement
Share Name Share Symbol Market Type
Adobe Inc NASDAQ:ADBE NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 298.41 296.00 297.69 323 09:37:56

Adobe 2Q Earnings, Revenue Beats Expectations

16/06/2022 9:52pm

Dow Jones News


Adobe (NASDAQ:ADBE)
Historical Stock Chart


From Apr 2022 to Oct 2022

Click Here for more Adobe Charts.

By Denny Jacob

 

Adobe Inc. reported better-than-expected net income and revenue in the second quarter, the latest software company to post strong results against a backdrop of economic uncertainty that has hit technology companies in particular.

The software maker logged $1.18 billion in net income, or $2.49 a share, for the three months ended June 3, compared with $1.12 billion in net income, or $2.32 a share, a year earlier. Adjusted earnings were $3.35 a share. Analysts polled by FactSet expected $3.31 a share.

Revenue rose to $4.39 billion from $3.84 billion. Analysts polled by FactSet expected $4.34 billion.

Remaining performance obligations, a measure of future business that represents contracted revenue that hasn't been recognized, stood at $13.82 billion at the end of the quarter.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

June 16, 2022 16:37 ET (20:37 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Adobe Chart

1 Year Adobe Chart

1 Month Adobe Chart

1 Month Adobe Chart
ADVFN Advertorial
Your Recent History
NASDAQ
ADBE
Adobe
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

Log in to ADVFN
Register Now

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20221007 08:56:34