Adobe: Fiscal Q1 Earnings Snapshot
By AP News
Published - Mar 14, 2024, 04:19 PM ET
Last Updated - Mar 14, 2024, 04:19 PM EDT
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adobe Systems Inc. (ADBE) on Thursday reported fiscal first-quarter earnings of $620 million.
On a per-share basis, the San Jose, California-based company said it had profit of $1.36. Earnings, adjusted for one-time gains and costs, were $4.48 per share.
The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $4.38 per share.
The software maker posted revenue of $5.18 billion in the period, which also topped Street forecasts. Ten analysts surveyed by Zacks expected $5.13 billion.
