Adobe Earnings, Revenue beat in Q1
Adobe (NASDAQ:ADBE) reported first quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.71 on revenue of $2.6B. Analysts polled by Investing.com anticipated EPS of $1.62 on revenue of $2.55B. That compared to EPS of $1.55 on revenue of $2.08B in the same period a year earlier. The company had reported EPS of $1.83 on revenue of $2.46B in the previous quarter.
Adobe shares lost 1.95% to trade at $262.48 in after-hours trade following the report.
Adobe follows other major Technology sector earnings this month
On February 13, Cisco reported second quarter EPS of $0.73 on revenue of $12.45B, compared to forecasts of EPS of $0.72 on revenue of $12.42B.
Salesforce.com earnings beat analyst's expectations on March 4, with fourth quarter EPS of $0.7 on revenue of $3.6B. Investing.com analysts expected EPS of $0.55 on revenue of $3.56B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar