Adobe Reports Higher 4Q Revenue, EPS But Pessimistic on 1Q 2024

Adobe is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The maker of Photoshop and other software gave downbeat revenue guidance late Wednesday, even as it reported fourth-quarter revenue and adjusted earnings of $5.05 billion and $4.27 a share, respectively, topping analysts’ expectations. For next year’s fiscal first quarter, Adobe is expecting revenue of between $5.1 billion and $5.15 billion, below consensus calling for $5.16 billion.

Scroll to Top