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Adobe Systems Inc. Q4 Profit Drops, Inline With Estimates

Adobe Systems Inc. (ADBE) announced earnings for fourth quarter that decreased from last year in line with the Street estimates.

The company's bottom line came in at $1.23 billion, or $2.57 per share. This compares with $2.25 billion, or $4.64 per share, in last year's fourth quarter.

Excluding items, Adobe Systems Inc. reported adjusted earnings of $1.54 billion or $3.20 per share for the period.

Analysts on average had expected the company to earn $3.20 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 20.2% to $4.11 billion from $3.42 billion last year.

Adobe Systems Inc. earnings at a glance:

-Earnings (Q4): $1.23 Bln. vs. $2.25 Bln. last year.
-EPS (Q4): $2.57 vs. $4.64 last year.
-Analyst Estimates: $3.20
-Revenue (Q4): $4.11 Bln vs. $3.42 Bln last year.

-Guidance:
Next quarter EPS guidance: $3.35
Next quarter revenue guidance: $4.23 Bln

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