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Adobe Systems Inc. (ADBE) Is Climbing On Strong Q4 Earnings News

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.

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by RTT Staff Writer

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