Investing.com UK - Financial Markets Worldwide
🔺 What to do when markets are at an all-time high? Find smart bargains, like these.See Undervalued Shares

Adobe weaker revenue guidance for current quarter offsets Q4 results beat

AuthorYasin Ebrahim
Published 11/12/2024, 21:24
© Reuters
ADBE
-

Investing.com -- Adobe reported Wednesday fiscal fourth-quarter results that beat estimates, but softer revenue guidance for the current quarter weighed on the stock in afterhours trading. 

Adobe Systems Incorporated (NASDAQ:ADBE) fell 6% in afterhours trading following the report.

For the three months ended Nov. 29, the California-based group reported adjusted earnings per share of $4.81 on revenue of $5.61 billion. Analysts polled by Investing.com anticipated earnings per share of $4.67 on revenue of $5.54B.

Net new digital media annualized recurring revenue was $578M, while digital experience segment revenue was $1.40B, representing 10% year-over-year growth.

For fiscal Q1, the company said it anticipates that adjusted EPS of $4.95 to $5.00, topping estimates of $4.94, while revenue was guided in a range of $5.63B to $5.68B, missing estimates of $5.72B. 

For 2025, the company said it anticipates that adjusted EPS of $20.20 to $20.50 on revenue $23.30B to $23.55B compared with estimates for EPS of $20.53 on revenue of $23.80B.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.