Shantanu Narayen, CEO of Adobe being interviewed by Jim Cramer
Linda Dimyan | CNBC
Adobe shares jumped 15% in prolonged buying and selling on Thursday after the design software program maker reported earnings and income that topped estimates.
Here is how the corporate did as compared with LSEG consensus:
- Earnings per share: $4.48 adjusted, vs. $4.39 anticipated
- Income: $5.31 billion vs. $5.29 billion anticipated
Adobe’s income grew 10% 12 months over 12 months within the quarter, which ended on Could 31, based on a press release.
The corporate known as for adjusted earnings per share of $4.50 to $4.55 for the fiscal third quarter, with $5.33 billion to $5.38 billion in income. Analysts polled by LSEG had been on the lookout for $4.48 in adjusted earnings per share and $5.4 billion in income.
Earlier than Adobe issued the assertion, shares had been down 23% thus far this 12 months, whereas the S&P 500 index was up round 14%.
Executives will focus on the outcomes with analysts on a convention name beginning at 5 p.m. ET.
That is breaking information. Please verify again for updates.
