Adobe Inc. (NASDAQ:ADBE) is reporting fourth quarter financial results on Wednesday 9th December 2020, after market close.
According to analysts surveyed by Thomson Reuters, ADBE is expected to report 4Q20 income of $ 2.66 per share from revenue of $ 3359.35 million.
For the full year, analysts anticipate top line of $ 12807.90 million, while looking forward to income of $ 9.94 per share bottom line.
The Company Outlook
Earnings for 4Q20 are anticipated in a range of $ 2.64 ~ $ 2.64 per share, while revenues are expected in a range of $ 3,350.00 million ~ $ 3,350.00 million
Full Year 2020 topline are forecasted in a range of$ 13,150.00 million ~ $ 13,150.00 million, where as bottomline are predicted in a range of $ 9.75 ~ $ 9.75 per share
Click Here For More Historical Outlooks Of Adobe Inc.
Previous Quarter Performance
Adobe Inc. outlined income for the third quarter of $ 2.57 per share, from the revenue of $ 3,225.00 million. The quarterly earnings 25.37 percent while revenues boosted 13.80 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.41 per share from $ 3155.71 million in revenue. The bottom line results beat street analysts by $ 0.16 or 6.64 percent, at the same time, top line results outshined analysts by $ 69.29 million or 2.20 percent.
Stock Performance
Shares of Adobe Inc. traded up $ 3.03 or 0.62 percent on Tuesday, reaching $ 495.28 with volume of 2.18 million shares. Adobe Inc. has traded high as $ 496.04 and has cracked $ 486.20 on the downward trend
According to the previous trading day, closing price of $ 495.28, representing a 92.94 % increase from the 52 week low of $ 255.13 and a 8.31 % decrease over the 52 week high of $ 536.88.
The company has a market capital of $ 237.60 billion and is part of the Technology sector and Application Software industry.
Adobe Inc. operates as a diversified software company worldwide. Its Digital Media segment provides tools and solutions that enable individuals, small and medium businesses, and enterprises to create, publish, promote, and monetize their digital content.
