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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.12 | 0.87% | 477.56 | 477.00 | 477.43 | 482.79 | 471.685 | 472.31 | 2,459,988 | 22:19:39 |
From Apr 2021 to Apr 2024
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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