Adobe Systems Inc. (ADBE: Quote) reported fourth quarter non-GAAP net income of $0.61 per share after the bell Thursday, down from $0.67 per share last year. The consensus estimate was for EPS of $0.57. Revenues came in at $1.153 billion compared to $1.152 billion in the prior year. The consensus revenue estimate was $1.10 billion. The stock is now up 1.12 on 432K shares.
Adobe Systems traded to the downside for the majority of the morning Thursday and closed lower by 0.43 at $35.53 on above average volume. The stock pulled back slightly from the highs of the year.
Click here to receive FREE breaking news email alerts for Adobe Systems Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News