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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% 298.41 293.50 297.99 287 09:13:13

Adobe Posts 4Q Sales Rise as Earnings Meet Expectations

16/12/2021 1:52pm

Dow Jones News


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By Matt Grossman

 

Adobe Inc. Thursday logged a rise in sales in the fiscal fourth quarter, yielding a profit that was in line with analysts' expectations.

The San Jose, Calif.-based software maker posted earnings of $2.57 a share, down from $4.54 a share earlier. Net income declined to $1.23 billion from $2.25 billion.

The company's income before taxes was higher in the latest quarter, with negative tax effects pulling net income below last year's fourth-quarter level.

Stripping out one-time items, Adobe's adjusted earnings were $3.20 a share, in line with the expectations of analysts surveyed in FactSet's poll.

Revenue grew to $4.11 billion from $3.42 billion in the year-ago quarter. Analysts were expecting revenue of $4.09 billion.

Digital media revenue was $3.01 billion, up 21%. Digital experience revenue rose 23% to $1.01 billion.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

December 16, 2021 08:37 ET (13:37 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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